Market Update

Posted by on Mar 16, 2020 in AGM News | 0 comments I was undecided on writing a report this morning as I suddenly feel highly underqualified to provide you with a market commentary! But below are a few points worth noting. After topping 1.20 against the value of the euro earlier in the year post Brexit, the pound has dropped to 1.09 this morning. Usually, this would greatly benefit UK grain values as a weaker pound usually equates to greater...
read more

Under Pressure

Posted by on Mar 13, 2020 in AGM News | 0 comments ‘It’s the terror of knowing what the world is about’ ‘Turned away from it all like a blind man’ ‘Sat on a fence but it don’t work.’ One month on and the selected lines taken from the song Under Pressure by Queen seem to sum up the on-going events in the world at large and those closer to home in the grain trade also. Since we last wrote in February, stock markets...
read more

Market Update

Posted by on Mar 9, 2020 in AGM News | 0 comments The FTSE 100 has plunged 8.5% this morning as its value is decreased by a staggering £130 billion, a freefall not seen since the 2008 financial crash. UK funds appear to be “preparing for the worst as it follows the global downward trend. The price of oil had already fallen sharply this year as the disease to spread internationally, with demand for fuel expected to decline. Last week, the...
read more

MARKET UPDATE

Posted by on Mar 2, 2020 in AGM News | 0 comments There isn’t too much to report this week as both old and new crop markets remain under pressure. Trade is difficult as the spread of Coronavirus continues to limit global demand in the short term and there are no major weather stories to report of. The value of sterling is still erratic – it initially firmed at the start of the year but has since dropped. The coronavirus outbreak has...
read more