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NAB Morning Call
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The Impact of the Turkey-Russia Trade Deal on Wheat Prices
Turkey is apparently working really hard to see what they can do. And yet no sustained move up in wheat prices as a result of that. They did go up a bit, but then went down again. Maybe that's just because they are already crazy high and haven't got crazy higher. But certainly if it was to be implemented, it does suggest there will be increasing price pressures on food - particularly for the relevant countries.
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