Spain: Repeated prices for all cereals at the León market due to new uncertainty in the Black Sea, while the corn campaign will drop by 10%

The León market session has halted the falls of recent weeks with a repeat in all cereal categories. The markets are expectant in view of the growing tensions and the new uncertainty in the Black Sea, after Ukraine hit Russian soil with long-range missiles, and a conflict that could directly affect the transit of agricultural goods is once again in the spotlight. As for the province of León, the leading producer of corn in Spain, the harvesting campaign is already in full swing, which will only be slowed down by adverse weather conditions. The humidity of the grain has dropped and is generally in an optimal state to go to the dryer (18-24%). Although it is too early to make a forecast, everything indicates a drop in yields of more or less 10% compared to the last campaign, without being able to provide a complete agronomic explanation of why. Prices have risen for both sunflower and potato, both linked to the reduction in estimated production and, to a lesser extent, to ...