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The AHDB weekly arable report says grain futures came under pressure last week on competitive Russian wheat exports and optimism over renewing the Ukrainian export corridor. The corridor deal was set to expire on 19 November, with Russia reportedly seeking reconnection of a state bank to SWIFT.
Uncertainty over the Black Sea corridor renewal is the main near-term driver of global grain prices, so buyers should expect volatility until the deal is settled.
ahdb.org.ukNov 14, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
