Monday Market Briefings

Prices are still drifting quietly lower but the market is really in a wait and see moment as two key dates loom at the end of this month.

Markets had such downside momentum last week they were able to trade £3 lower across the board despite a heavy slump in Sterling which in more normal times would have put £6/mt back into our export values.

Wheat found some support in the US on Friday, partly helped by some dollar weakness but also due to drought concerns for both winter and spring crops over there.

Markets continue their long march sideways. This week, we have a WASDE update from the USDA on Tuesday.