Well what a week it has been! I must apologise in advance for using the c word again.
The markets remain highly volatile and irrational with volatility remaining high and traders asking, 'where next'?
Sterling fell to its lowest level since 1985, briefly dipping below$1.1500. The pound traded $1.3100 less than two weeks ago.
Argentina continues to report port delays over the new Covid-19 related restrictions and in Brazil there are rumours of a planned strike by Santos port operator, to run from 18th March to 1st April, over Covid-19 concerns.
Oil prices collapsed this week to within touching distance of $20/barrel the biggest loss since 2008.
Weather is finally improving across Western Europe with spring wheat/barley plantings having resumed/started over the weekend and likely to gain momentum in the week ahead.