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Futures Close Report 29th November

Plantings of wheat in Russia have established well and are rated in better condition than at the same point last year.   Russia has planted around 18.2 million hectares of wheat, up from 17.6 million hectares last year.  Soil moisture conditions are good ahead of winter dormancy.

CBOT wheat prices supported by strong US export trade and issues for Argentina production, where yield loss is reported in some regions.