UK Grain Prices Dip Amid Ukraine-Russia Peace Speculation

Grain prices saw a slight dip after reaching a contract high last week due to speculation about peace negotiations between Russia and Ukraine.

The Nov-26 UK feed wheat futures currently sit at £213.75/t, which is the same price they were at the start of the month.

Analysts from AHDB are closely watching developments in the market, particularly if peace negotiations lead to an increase in export levels through the Black Sea.

Lithuania and Latvia may restrict or ban Russian exports from their ports on the Black Sea this week, further affecting market sentiment.