Bid today: barley £126, soft wheat £155, April movement. Said job is falling, after last weeks rises, and mill "stacked out" with soft wheat.
Was somewhat narked that they never called last week with the good news, so said no thanks.... but actually thought eff-off.
£ up, $ down as US isn't seen as quite the safe haven it recently was until the number of CV19 cases rocketed
Crude oil down which supresses biofuel markets. Brent Crude $25/barrel today
UK farmers will look to fix some prices on recent spring drillings (me included) when they start to get back in their offices
UK already at import parity for new crop wheat, so no further upside there
Recent £ rise means we are no longer export competitive on a big 2019 harvest
Global grain supply forecast to exceed demand. Again. This will build stocks
No big sporting events, reducing alcohol demand though domestic alcohol buying increasing
We may be off recent peaks, but IMO this market is a sell.