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Futures Close Report – Thursday, 22nd October 2020

BAGE made further reductions in Argentina wheat forecast – latest figures put the wheat for this years 20/21 harvest at 16.8 million tonnes down from 17.5 million tonnes. Consistently dry conditions have impacted grain yield. Around 3% of the crop has been harvested so far.

French wheat planting program reported at 45 % complete up from 12% last week.