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Wheat in Australia looks promising

AnalysisBy Jurphaas LugtenburgPublished: Yesterday 05:37 PM CET

Good wheat yields in the Northern hemisphere resulting in sufficient supply and buyers taking a wait-and-see approach. That continues to plague the wheat market. The quality figures coming from France provide a contradictory picture at first glance. Wheat in the Southern hemisphere might also turn out to be better than expected. Due to sufficient rain in Australia, analysts expect that yield forecasts there need to be significantly increased.

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