According to CoinMeta, Chicago corn futures continued their downward trend, hitting a four-month low, due to ample supply prospects in the United States and peace prospects in the Black Sea region putting pressure on prices. The stonex group raised its forecasts for per-unit yield and total production of corn and soybeans in the US, increasing the estimated corn production from 16.115 billion bushels to 16.203 billion bushels. hightower report stated in a report that some of the weakness could also be attributed to the trilateral peace talks scheduled to take place next week in Abu Dhabi between Ukraine, Russia, and the US, which further enhanced market optimism about a possible end to the conflicts in the Black Sea region. According to announcements from the Kremlin and Kiev, the talks are set to take place from November 10th to 11th. The most actively traded corn futures on the Chicago Board of Trade once fell by 0.9%, reaching their lowest level since early July. Soybean and wheat futures also fell by 1% and 1.4% respectively.