by Robin Twizell

RMD Agriculture

WHEAT markets seem to have entered a period where end users are happy with their cover and farmers are happy with sales made so far. This made values tend to drift off as there has been no input to hold them at their previous highs. This slow fall has been helped by lower American markets responding to slow export sales and a potentially large Australian crop.

Oilseed rape values have remained unchanged but will respond to a USDA report due out yesterday. Unless figures are fairly bullish the market could come off on profit taking.

Thursday's prices

Dalgety Arable, Thorpe Arch. - Wheat: Sept £87; Oct £88; Nov £89. Barley: Sept £75; Oct £77; Nov £78. Oilseed rape: Sept £158; Oct £160; Nov £161.

GrainCo, Tyne Dock. - Wheat: Sept: £86; Oct £88; Nov £89. Barley: Sept £75; Oct £76; Nov £77. Oilseed rape: Sept £159; Oct £160; Nov £161.