Wheat futures prices continued to fall this week, dampening any signs of trade activity much like the UK weather is doing for harvest progress. Despite ongoing uncertainty surrounding Black Sea wheat supply, US Chicago Board of Trade (CBOT) futures fell again on Thursday for the seventh consecutive trading day. This wiped out all the gains made since 17th July when Russia withdrew from the Black Sea export corridor deal with Ukraine. Russia has continued to launch drone strikes on the Ukrainian Black Sea Port of Odesa and River Danube grain loading terminals, Reni and Izmail.
You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by marketing assistant, Becca Russell.