Not quite the feeling when one has had one’s summer holiday before everyone else has had theirs, but more what is, or rather isn't, going on in the markets. 

In short it’s all unchanged, even though further easing was expected. Nothing beyond that worth reporting, as we are now in holiday central.

In background markets, crude oil has slipped back on hopes of a ceasefire in the Middle East, and taken soya and palm oil with it. Soya is interesting, as one admittedly large sale of half a million tonnes of beans has supported beans and meal, while soy oil has slipped back only about half the 14% hike seen at the beginning of July. Palm oil has likewise dipped but nothing to write home about. 

Sterling is enjoying a resurgence for buyers, but denting the export aspirations of milk powder sellers. 

BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com