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Futures Close Report 28th Feb 19

Mild, wet conditions continue to promote growth of winter crops across the EU, with spring planting proceeding into good soil conditions.

Global stock positions continue to weigh on US wheat prices.  Russian wheat supplies continue to hold out, hampering prospects for the US to capture a bigger slice of global trade this season.

Still no firm news on US / China trade discussions other than the “fantastic” progress reported by the Trump negotiating team.