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US winter wheat harvest is picking up pace at 17% completed, steadily raising the potential for harvest price pressure. Meanwhile, downgrades to spring crop conditions due to drought lend support; spring wheat at 27% GD/EX, down from 37% last week.

December #wheat is down 0.75USc/bu remaining relatively unchanged despite looming northern hemisphere harvest pressure due to ongoing concerns over poor spring wheat conditions. The #AUD is up 0.41c after the #USD consolidated previous day’s gains in the absence of new data.

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