Despite the sea crisis, the war in Ukraine, and a 20% decrease in exports from Ukraine, cereal prices in Spain have fallen by nearly 30% compared to the previous year. Soft wheat, corn, and barley have seen significant declines of 1.3%, 1.15%, and 0.86% respectively in the last week. This is in spite of Spain increasing grain imports due to a poor harvest. The USDA report's optimism about cereal supplies is also contributing to the pressure on prices.