Regional News  The biggest news in the European markets over the past two weeks was the EU-UK free trade deal. The deal means that trade of most commodities will continue tariff-free, avoiding a potential massive disruption in global markets. There will still be extra transaction costs, however, which are estimated at 2.5-5 percent for grains and oilseeds.  European and Black Sea markets have been generally quiet in the past two weeks with the Christmas and New Year’s holidays interrupting trade. Weather has been mostly favorable for crop development across the region, with the current forecast featuring below-normal temperatures for western Europe and above-average temperatures for eastern Europe, Ukraine, and Russia. Fra...