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Markets remain buoyant amid new Middle East and Black Sea strikes

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For the second week running, grain prices are largely unchanged. Nov-26 UK feed wheat futures have dipped fractionally to £212.75/t. AHDB analysts note that prices fell on the back of an unexpected increase in the forecast of global wheat stocks at the end of 2026/27. Global wheat stocks at the end of this season are now forecast at 276.3 Mt, up 3.0 Mt from August’s report. This is largely due to increased crop estimates for Australia and Canada. In addition, the possibility of talks between Russia and Ukraine weighed on prices. However, further air strikes on key infrastructure and data…