The article provides an overview of the current situation and forecasts for the cereals, oil, and currency markets. It discusses the impact of weather conditions on wheat production in Europe and favorable conditions in the US Midwest, leading to ample maize production which is weighing on cereals markets. However, the tighter global wheat balance is expected to provide support. The global wheat markets have seen modest increases, but US maize production continues to weigh on them. The article also mentions the harvest progress reports and production forecasts for various countries like France, Ukraine, Russia, and Australia, and the impact of weather conditions on these productions. Additionally, it discusses the Bank of England cutting interest rates and the current situation and future expectations for rapeseed and soyabean markets. Finally, it touches on the rise in US soyabean net sales and exports, the pressure on soyabean processors in the US due to biofuel producers' preferences, and the decline in Malaysian palm oil and rapeseed futures prices.