According to CoinMeta, wheat prices have been falling for eight consecutive weeks, setting a new record for the longest consecutive decline since 1997. Wheat futures are experiencing the longest weekly decline in nearly three decades. Although disruptions in the Black Sea region still exist, the risk premium in the market has begun to diminish as the Trump administration attempts to facilitate peace negotiations between Moscow and Kiev. In addition, there has been an increase in Russian wheat exports, including those through Baltic ports. Data from the US Department of Agriculture shows that exports of soybeans, corn, and wheat in the United States declined during the week ending October 15th. Analyst Naomi Bloom pointed out that global importers may be choosing to wait and see whether a peace agreement can be reached in the Black Sea region.