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.

Currency has stayed largely unchanged this week. Analysts still believe that the £ has now reached the 1.42 level against the $. The wheat markets seemed to have temporarily paused their tendency for large one day swings. It has been reported that the UK are short of approximately 302,000 tonnes of unpurchased wheat. The soya market is still being heavily led by corn.

Sterling started the week losing some ground against the €. Wheat markets turned from their downward trend to begin creeping back up. The report stated that the UK would be short of around 302,000 tonnes of wheat. Soya has been led by the corn market, turning back into the green. The US plantings are below the ‘magic’ 90 Mln.

Currency has remained pretty stable week on week holding at 1.41 against the $ and 1.16 against the €. Grain markets have continued to track lower this week following the USDA report. Soya has followed the same pattern as corn and wheat to move lower after the recent USDA report. There are real concerns over the supply of sunflower products from Europe with Black Sea areas reportedly considering an export ban.

The £ has been strong this week breaking the $1.41 and €1.16 mark. The grain markets have seen huge swings in the week, ending on an upward trend again. China have also begun buying large parcels of new crop wheat. The second half of the week saw strong sell offs from funds pre the USDA report. Soya, like the wheat markets, has not failed to give some surprises this week.

The £ has dipped slightly this week after the Bank of England announced that they do not foresee any policy change before 2023. Grain markets have continued to see significant volatility in the week. The corn situation continues to dictate the wheat markets. The soya/corn ratio in the US is now looking unfavourable towards soya.

Currency has remained relatively flat this week. Grain prices have seen a particularly volatile week. Liffe Nov futures closing back down £6 in one day. There is now an improved rain forecast across the UK and Europe. Soya prices continue to take their lead from the grain markets.

Currency continues to look volatile and closely linked to Covid. Grain prices are now very much in a full-blown weather market. Russia has threatened to close off the Kerch Straight. The UK wheat market has of course taken its lead from the rest of the worlds market. Soya prices have partially followed the grain markets this week.

Sterling took a step back this week falling to 6 week lows against both the € and the $. This shows how closely currency is still linked with the pandemic. Wheat markets have been steadily firming this week on continued weather fears across US, Canada and Europe. Soya prices have eased back after their initial highs following the USDA report.