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While the Food and Agriculture Organization of the United Nations' Food Price Index stayed relatively stable in October, global grain and oilseed prices rose on the back of higher wheat and maize prices. The increases in the latter were supported by uncertainty about the Black Sea Grain Initiative, as well as expectations of reduced production in the Northern Hemisphere.
MAIZE
The Chicago Board of Trade's (CBOT) maize price continued on its downward trajectory in early November, falling 0,3% . This was the result of pressure from a stronger US dollar, concerns about the state of the global economy, and the impressive progress made with the US harvest.
