Monday Market Briefing - 25th September 2023

The relative calmness of markets at the moment, last week was another fairly sideways one, actually assists in getting trade going. There is less fear of sharp movements and so buyers and sellers alike feel more comfortable making decisions. Hence alongside the apparent quietness on the futures exchanges we are seeing a hefty increase in trading activity now, September is the new August perhaps, and as data streams forth from the lab, plenty are taking advantage of the openings still there for nearby movement months.  

The corn harvest is the last act of the northern hemisphere harvest and with that safely underway without any dramas the supply side of the market is in place now for the year. We are going to need the demand side to show a bit more form if we are to maintain price levels through the winter. Of course this has been heavily impacted by consumers inability to afford to buy goods, hopefully the improving inflation outlook reported last week is an early sign of better economic news ahead.  

Have a good week.