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Futures Close Report 20th September

Estimates for Russia wheat production levels released by IKAR  at 69.2 million tonnes whilst Sovecon reduced their Export forecast for Russia during the forthcoming season to 33 million tonnes from the previous 33.9 million tonnes.

Relatively dry conditions across western Europe seen slowing the pace of winter wheat planting, however planting levels on target to be up on last year as farmers seen switching from sugar beet and oilseed rape.