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Futures Close Report 13th March 2019

Strong competition remains on global wheat markets further damaging US export prospects and adding pressure to CBOT values.

FranceAgrimer raised their export forecast for French wheat outside the EU for 18/19 to 9.5 million tonnes for the marketing year.  7% increase year on year.  French carryover stocks are now seen at 2.4 million tonnes, down from 3.0 million estimated last month.