
The £ has lost value against € and $. Long term view for the £ is still bullish. Wheat has seen a £9 drop on the May futures. The USDA report tightened stocks. Russian production has increased slightly. Some areas in the world are close to switching to corn. UK farmers have seen a good start to their planting campagin. Soya has turned since the report with a bullish tone. Organic grain markets continue their rise upwards. For proteins there is the concern about the Indian organic boards at risk of being decertified.