Robin Twizell
RMD Agriculture
BOTH old crop and new crop cereal prices have improved over the week. Old crop improved on good demand from Scotland,weaker sterling and exports to the end of February reaching nearly 2m tonnes of wheat. New crop wheat has improved to £70 for November movement on the back of currency and dry weather across Europe reducing yields.
Oilseeds values have been volatile, but with very little farm trade. New crop values are torn between potentially reduced yield due to the weather and much cheaper palm oil.
Wednesday's prices
Kenneth Wilson, Thorpe Arch. - Wheat: April £69; May £70; June £71. Barley: April £64; May £64; June £64. Oilseed rape: May £175; June £176.
GrainCo, Tyne Dock. - Wheat: April £69; May £70; June £71. Barley: April £65; May £65; June £65. Oilseed rape: April £175; £176; £177.
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