by Robin Twizell

RMD Agriculture

WHEAT prices have remained in the mid £90s but with very little activity. Both sellers and buyers seem happy to wait for something to happen.

Old crop oilseed prices have been slowly improving on the back of limited supply. This is despite falls in US soya values. New crop rape prices are, however, drifting off a little as prospects look okay for the coming harvest.

Talk about El Nio drought conditions in Australia could change everything.

Thursday's prices

Grainfarmers, Thorp Arch. - Wheat: May £96; June £97; July £98. Barley: May £80; June £81; July £82. Oilseed rape: May £190; June £191; no price for July.

GrainCo, Tyne Dock. - Wheat: May £97; June £98; July £99. Barley: May £80; June £80; July £70. Oilseed rape: May £189; June £190; July £191.