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| Commentary |
Last updated -
2008-04-18 13:51:11
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Another week with the fundamentals little changed but with a fair degree of volatility down to significant domestic currency movements, and the US market makers switching from bulls to bears several times over the week, with prices finishing up at the lower end of the range. Despite the limited amount of current crop left to trade, domestic demand on balance was even more limited with the crushers and domestic buyers claiming good cover through to the new season. Buyers for the export market were always there for both the current and new crop at a price but at no advantage with prices eroding with the stronger pound. The crop was still suffering from signifiant pigeon damage in many areas, and was held in check by several nights of sub zero temperatures with many crops just at the start of flowering and needing the better temperatures forecast for the week ahead.
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