Market Report: December 2017

FX Monthly movement

  • US$/£ 1.34 from 1.31
  • US$/ € 1.18 from 1.17
  • £/€ 1.13 unchanged

Brexit dominates the €/£ situation and will continue to do so for sure. Each currency fluctuates on specifics, whether it is a relatively well received UK budget, or pressure for a more defined plan for EU quantitative easing, on political uncertainty in Germany. We would fully expect the currency to continue in current range through December.

The US$ relationship is also remarkably stable at present, the change of leadership at the Federal reserve, has not changed the policy, with a general but cautionary rise in interest rates expected provided the economy continues to prosper, but at the first signs of economic weakening, further QE and a halt to any further interest rate rises will be implemented.

General news

It has been a period interrupted by seasonal holidays around the globe, and now in EU we focus on Christmas and the boost to demand the period provides. We are seeing a gradual increase in demand for the more unusual grains and seeds we carry, which is encouraging, whilst mainstream volumes are holding up well. Shipment delays are a current hazard from many regions caused by a variety of reasons; from delayed plant upgrades, to poor quality raw material due to end of season stocks and strong demand putting pressure on processing facilities.

In this report:

  • Pumpkinseed kernels
  • Sunflower seed kernels
  • Linseed
  • Sesame seed
  • Hulled millet
  • Poppy seed

Download the full report (PDF)

1712-Unicorn Market Report-December 2017 (0.2 MiB, 77 downloads)

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