by Robin Twizell

RMD Agriculture

OLD crop wheat prices have risen slightly where there is demand. The Scottish market, however, seems over-supplied at the moment, which is releasing local wheat destined to go North. New crop prices have drifted a bit on the back of beneficial weather in the US.

Oilseed prices are producing a good sting in the tail if you have any left. There is good demand in the export market to Germany and Denmark and, with limited free supplies left, prices have risen to the low £190s at the moment. Lower Brazilian crop estimates have also helped bullish sentiment.

Thursday's prices

Grainfarmers, Thorp Arch. - Wheat: May £97; June £98; July £99. Barley: May £80; June & July, no price. Oilseed rape: May £193; June £194; July, no price.

GrainCo, Tyne Dock. - Wheat: May £98; June £99; July £100. Barley: May £80; Jun £80; July, no price. Oilseed rape: May £195; Jun £196; July no price.