The £ has seen a decent rally by recent standards over the Christmas period. Wheat prices have all started the New Year lower. There has been concerns over a drop in demand because of Covid lockdowns. There has been dry weather reported in North America, Russia and the Ukraine which could hamper the winter planted crops. Soya has seen a period of strong rallies over dryness concerns in South America. Nothing has changed in the organic markets. Protein prices are stable at origin. Farmer gives cow VR goggles to make them think they are outside and produce more milk.

A slightly more supported £ this week. Currency is not being helped by the uncertainty over increased Covid measure. Wheat prices continue to look flat. UK wheat is ever so slightly more expensive against Matiff. Soya continues to move higher. Nothing has changed in the organic markets this week. There are supply issues from China to deal with for proteins. We wish you all a Merry Christmas and a Happy New Year.

Weakness is felt across the board for all currencies. Wheat has seen a quite week compared to the recent volatility seen. Matiff dropped around €18 ahead of the report this week. UK wheat is still cheap compared to Europe. The USDA report did slightly increase wheat end stocks. Soya prices have seen some nearby support on Chicago. The long term prospects for soya still look bearish. Organic grains have made another move higher. We now have supply issues from China for proteins.

The £ has lost some ground along with almost all other currencies. Wheat has seen a movoe back up. Nothing has really changed with the wheat story. Australia did release revised figures moving their totals up. Soya followed other markets and broke its rally to move lower. Demand from China is still strong. Organic grain markets have made another move higher. For proteins we now have supply issues from China to deal with. A disused phone box has been transformed by local artists into Ruldoph.

The £ has seen some additional strength against the € this week. The ongoing Northern Ireland trade talks will keep the £ capped. Wheat markets have broken new records this week. Persistent rain continues to hamper harvest. Winter wheat acreage in the UK is up and mirrored against the Northern Hemisphere. Soya has moved back a bit this week. Organic grain markets continue to maintain their high prices. Grain offfers are tight and it is hard to gauge what there is still to sell at origin. For proteins there is concern about the Indian organic certifiers being at risk of being decertified. The tradition of Christmas cakes dates back to the Gerogian era.

The £ has continued to move lower against the $ and €. The wheat market has re found the strength. Australia are reporting a rise in their wheat production figures. Russian export pace is still showing little signs of slowing. There has been big buy ins to soya this week from fund money. Soya is still bearish in the long term view. Organic grain markets continue to maintain their high prices. For proteins we now have the concern about the Indian oranic boards at risk of being decertified. Iceland launch their ‘turkey insurance’ this Christmas.

The £ has lost value against € and $. Long term view for the £ is still bullish. Wheat has seen a £9 drop on the May futures. The USDA report tightened stocks. Russian production has increased slightly. Some areas in the world are close to switching to corn. UK farmers have seen a good start to their planting campagin. Soya has turned since the report with a bullish tone. Organic grain markets continue their rise upwards. For proteins there is the concern about the Indian organic boards at risk of being decertified.

The £ has dropped against last weeks 6 month highs against the $. COP summit in Glasgow has been well publicised. The wheat markets continue on their strong bullish runs. Russian wheat is still competitive into export markets. UK wheat is still competitive in the European markets. Export commitments for US corn at record highs. Soya prices seem to be about the only bearish market in the trade. Organic grain markets continue their rise upwards. Bonfire night traditions to try.