Frontrunner - 28th August 2020

London and Paris wheat futures rallied this week, reaching five-week highs and following US wheat futures from the Chicago Board of Trade (CBOT) which gained 10% in value during August. The US market gains are due to increasing demand for both wheat and corn. US wheat export sales announced by the United States Department of Agriculture (USDA) on Thursday were at 740,000 tonnes – this is up on trader estimates which ranged between 400,000 and 700,000 tonnes.

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