The article provides an overview of the current state of the cereals and oilseeds markets, highlighting the impact of the Russian-Ukrainian conflict and potential drought on prices. Despite concerns, local product availability has resumed, leading to a stabilization of flows and reducing market tensions. The European Union is experiencing increased attention from local buyers and exports, with a focus on covering delays from the Black Sea. The market is showing signs of stabilization, with a hint of predictability in trade flows and well-maintained prices for the old crop. The impact of geopolitical tension and the possibility of drought in the US on future world purchase auctions is also discussed. In Spain, continuous rainfall is causing problems, but the outlook for the new harvest remains positive.