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Futures Close Report 6th Feb 2019

Circa 10k hectares of planted OSR is being dug up across France and Germany owing to seed contamination with GM material.   Bayer have issued a seed recall.  This is a very small affected area against total crop projections (France and Germany combined at around 2.2 million hectares).

FranceAgrimer increased their wheat export forecast for Non EU exports to 8.85 million tonnes, up from 8.7 million tonnes last month.