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Futures Close 26/09/22

Overnight markets in Asia have been busy pushing £ sterling to new historic lows (1.038 vs USD) – targeting dollar parity.  £ has recovered slightly vs the dollar this morning as European markets come into play, but sterling remains vulnerable to the bears.

A total of 211 ships with 4.7 million tonnes of agricultural products on board have left Ukraine so far under the current export agreement.  Current pace may slow as vessel owners less willing to enter black sea regions as the deal period expires..