Market Report: June 2017

FX Monthly movement

  • US$/£1.29 up from 1.27
  • US$/€1.02 up from 1.07
  • £/€ 1.15 down from 1.10

The US Dollar is struggling currently under the issues facing Donald Trump, and although there are no imminent actions, a fear he could be impeached is weakening the currency. The dollar is also not helped by the budget proposals which some feel have no credibility. Consequently, Sterling is close to an 8-month high. Positive UK data to some extent supports this, such as the 42-year low in unemployment figures, but other data such as poor wage inflation, increasing inflation do undermine. The Euro is also performing well due to a more stable economic outlook in the zone, and some good manufacturing data. Also, as we progress through the election season in Europe, risk of further upset diminishes.

The down grading of China for risk appetite due to the amount of non-government debt, will have no immediate impact on currency, but is perhaps something to watch for the coming years, as it is not expected to improve.

This month brings the UK general election and the commencement of Brexit negotiations!

General news

Underlying trends on all seeds now are for 2017 crops to be smaller than 2016, by significant percentages. Primarily due to a lack of return for farmers and processors on these crops. Oversupply is pushing farmers to alternate crops, and narrowing the supply bases. Get ready for market corrections!

In this report:

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

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1706-Unicorn Market Report-June 2017 (0.2 MiB, 131 downloads)

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