by Robin Twizell

RMD Agriculture

WHEAT prices started to move up again at the end of last week, following stronger French markets. This was due to another report further reducing the EU cereal crop. We are currently cheaper than French wheat, so will follow their lead. American markets also went up, following European prices and currency movements, but seem to have stalled as they await new sales.

Oilseed markets have remained steady, following big rises in US soya prices. Oilseed rape oil was at a big premium to soya oil, so rape markets have not really followed soya price increases. There is now some concern about dry conditions in South America which could reduce soya plantings there.

Thursday

Dalgety Agriculture, Thorpe Arch. - Wheat: Oct £75; Nov £90; Dec £91. Barley: Oct £77; Nov £78; Dec £79. Oilseed rape: Oct £165; Nov £166; Dec £167.

GrainCo, Tyne Dock. - Wheat: Oct £93; Nov £94; Dec £95. Barley: Oct £79; Nov £80; Dec £81. Oilseed rape: Oct £165; Nov £166; Dec £167.