March 08th

Market Report

Morning,

The market is taking a much needed rest, a lot of uncertainty around peace talks. IF there is a deal expect the market to fall and to fall fast. If there is not and fighting continues then expect the market to continue it's upward movement, but for how long? At some point (probably soon) there will be demand destruction, pig producers cannot afford wheat at £200 so at £300 is out of the question.

Any grower with old crop left to sell should be looking to trade, how much more could you possibly want?

New crop is a different story, a lot of fert comes out of the black sea will that make it to farms around the world? Not to mention the lack of planting in Ukraine, the fact that Russia uses European and American tractors and combines, where will parts come from?