Freedom Day saw dips in Sterling; Fears of a spending slow down due to Pingdemic; The forecast 19th July boost has not happened; For wheat a week of two halves with USDA downgrade and poor weather driving prices higher; The improving weather pushed wheat higher at the back end of the week; Swings show agri-commodities are on a knife edge, and Soya has had a positive week due to prospect of rain.

Currency has had a slightly better week. UK/US trade deal is delayed. Delta Covid cases on the rise across Europe causing stagnation. Grain markets started the week lower and then came back up again at the end of the week. Production figures and weather in the EU drove the fall, but then the US forecast pushed it back up. Soya stayed flat. USDA report had little effect. Goats who invaded a Welsh town deported.

GBP came back stronger on news of 19th July opening; Concerns of a big bang reopening putting risk of third wave; 10 million pints in a weekend; Bullish acreage report pushed markets higher; Late rain in France and Ukraine; Prices at harvest might be pushed lower; Harvest due to start 12th July depending on weather; Good rains forecast in key soya growing areas; No margin for error and weather is the main driver now. How Britain has changed since 1966.

The £ continued to lose ground; Deflationary tone from the BofE meeting caused investors to liquidate; Possible rally expected if covid restrictions are lifted on 19th July; US wheat market moved lower and then rallied on reduced corn acreage; EU wheat market reports of delayed harvest were met positively; Soya USDA report reduced tonnage forecast to 87.5m; The billionaire space race… who is winning?

The £ loses ground against the $ and the €, despite analysts confidence in £ strength. US wheat markets moved lower due to lower temperatures. EU harvest forecasts are looking bullish, whilst UK market is at lowest point since Feb. Eyes on US crop and acreage data as forecast rain looks to improve crop ratings. Supermoon shines bigger and brighter.

The UK announced the delayed "Freedom Date" and the £ lost some ground. Unemployment in US back to pre pandemic levels. US wheat markets remain benign this week. Russia increasing forecast by 1.5MlnT this week. UK harvest forecast closer to 16MlnT. Freight prices still at a record high. Soya prices see very little change. Digby the fire dog saves the day and a ladies life on the M5 near Exeter.

Currency remains stable at $ 1.42 and € 1.16 this week with little news. Wheat markets feel as though they have settled slightly from the huge daily swings. In the UK old crop prices are beginning to slowly creep up. Soya prices have moved back slightly this week after the USDA report increased end stocks. China imported 10% more soya compared to this time last year.