Iván García from Asegrain Consulting provides an analysis of the cereal market following Russia's invasion of Ukraine two years ago. The market saw an initial price rise due to Ukraine's absence, followed by a drop due to good harvests in Russia and Ukraine, lower demand from China, and higher interest rates. Spain's drought led to further price drops as manufacturers sought international supplies. Investment funds, good harvests in Russia and the US, and decreased consumption in Spain also contributed to the price drop. Overall, the market saw a drop of 140-150 euros per ton from the peak prices in summer 2022.