March 08th

Market Report

Friday saw the markets drifting and very little news coming forward. Tomorrow will be the USDA so markets may well remain quiet in the run up to the report. Oilseeds are where the action is currently and OSR and soybeans markets are volatile with an underlying firmness. Crude oil continues to climb approaching $70bbl and this is adding a to a bullish sentiment adding to discussions around inflationary pressures in the wider economy.

In general crops in the EU are looking good and the weather pattern looks to be set fair for the coming weeks which will continue to improve conditions.

Overnight the US Ag markets were up which will provide support to French and UK markets. The dollar continues to find support against the major 7.