May 24th

Market Report

Markets were very choppy yesterday with rallies across all commodities before values fell back overnight US wheat is slightly up with corn and soybean down. Markets are looking for the next piece of news but nothing is forth coming. More discussion on how to get grain out of Ukraine at the World Economic Forum but a concrete plan still not forthcoming.

There are planting delays in the US on the spring drilling with excessive rains and this is causing some concern as it is significantly behind the 5 year average.

Fertiliser has been the discussion across many farming businesses. A first tranche was release and sold out quickly, a second tranche is being released at a higher. This still feels like the British farmer is being held to ransom but with supply so restricted it is hard to do anything else.

Good rain across the UK has helped keep crops going and keep harvest on track.