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Markets fall following favourable reports

Grain prices have fallen further following improved forecasts for global supply prospects and US harvest progress, coupled with falling crude oil prices and hopes of Russia–Ukraine peace talks. According to…

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Markets fall following favourable reports

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Grain prices have fallen further following improved forecasts for global supply prospects and US harvest progress, coupled with falling crude oil prices and hopes of Russia–Ukraine peace talks. According to the AHDB, this outweighed support from continued disruption to Black Sea exports, pushing Nov-26 UK feed wheat futures to £189.00/t. Despite the upcoming peace talks, strikes on Black Sea shipping and infrastructure continue; AHDB analysts say this needs to be a watchpoint for growers. The US maize harvest was reported 74% complete by 2 November. With favourable weather last week, the next crop progress report is likely to show that…