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EU cuts down their estimate for wheat for the third time from 5.89 MT/ ha to 5.76 MT/ ha.

EU cuts down their estimate for wheat for the third time from 5.89 MT/ ha to 5.76 MT/ ha. Latest estimate is below five-yearaverage of 5.84 MT/ ha. First and foremost, reason for this was increased heat waves and drought conditions. France is the largest exporter of wheat this estimate is probably create concern among its major importers.