Although the grass growth rates for last week fell again the welcome rain from the middle of the week onwards and cooler conditions has meant that the grass and other crops have started to grow again but more is needed to make the resurgence sustainable.
Sterling has strengthened on the markets as the easing of the lockdown pushes forward.
£/Euro 1.122 £/$ 1.26
Plantings in the US are well above the 5yr average but with dry conditions and increasing temp the harvest forecast has been down graded. Brazilian Soya has seen a 55% increase on the same time last year, but the farmers are reluctant sellers.
The price fell by £10/t which sparked some interest in the market.
Prices for Wheat have firmed a little with the dry weather and barley has edged up for the same reason.
Spot Harvest Nov
Wheat £164 £161 £166
Barley £127 £129
OSR £317 £317 £329