Milling Wheat The EU allocated 538,000 MT of wheat export licenses, bringing the total to 14.7 MMT (excluding durum and flour) versus 10.3 MMT allocated at the same time last year. The market believes that the EU's exportable surplus (excluding durum and flour) is around 17 MMT. At the current pace of about 500,000-600,000 MT of commitments per week, the surplus will be gone in one month. Logically, the export pace should start slowing down in April/May as harvesting begins in North African countries. The market will follow the allocation of licenses closely in the coming weeks.The market in the Mediterranean was more active this week, with Tunisia, Algeria, Morocco and Lebanon taking coverage for April and May. Algeria bought 350,000 MT...