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Grain premium drops as Middle East ceasefire holds

Wheat and crude oil prices have dropped to pre-conflict levels, following a sharp spike.

The quick grain grab, fuelled by concerns surrounding access to energy out of the Middle East, has quickly dissipated. And along with it - so have the associated price premiums.

The quick grain grab, fuelled by concerns surrounding access to energy out of the Middle East, has quickly dissipated. And along with it - so have the associated price premiums. | Credits: Aleks Kend, Shutterstock.

GRAIN and oil prices are returning to pre-conflict levels, as the fragile ceasefire in the Middle East continues to hold.  Brent crude oil futures dropped to $US65.9 a barrel today, down from around...

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A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

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