Market Report: September 2017

FX Monthly movement

  • US$/£ 1.30 unchanged
  • US$/€ 1.19 up from 1.17
  • £/€ 1.09 unchanged

Both US and EU data are strongly positive at present, with the US winning slightly and thus strengthening against the Euro. The North Korean missile situation is probably hampering the US dollar somewhat too, and this seems likely to continue for some time.

In the UK stalemate over Brexit talks, anxiety about potential labour shortages in the service sector, as unemployment and net immigration both fall, restrict Sterling’s strength. So, the current overall winner is the Euro, which seems strong all round for now!

General news

A quiet month generally due to holiday season. Stability in the FX market, and developing trends within the seed crops, with generally poor harvests experienced or anticipated in most but not all areas. The reduction in availability is generally a combination of lower plantings, due to the depressed prices and the abnormal weather conditions experienced in most parts of the world. From extreme heat, to extended monsoons, nowhere has escaped harsh conditions, during their crop cycle. A combination of El Nino and global warming we assume.

In this report:

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

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1709-Unicorn Market Report-September 2017 (0.1 MiB, 246 downloads)

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