by Robin Twizell

RMD Agriculture

WHEAT prices have remained unchanged over the new year. The introduction of the import quotas has had no effect as buyers have plenty of wheat in store.

Intervention values have improved with weaker sterling. This could eventually have an effect on barley prices but ex-farm values will remain nervous as the final price paid to intervention depends on the value of sterling when the grain is delivered.

Oilseed prices have fallen back a little in some areas but the general supply situation is still tight. The US issues a supply and demand report on Friday which could move the market either way.

Thursday's prices

Kenneth Wilson, Thorpe Arch. - Wheat: Jan £58.50; Feb £59; Mar £60. Barley: Jan £59; Feb £60; Mar £61. Oilseed rape: Jan £176; Feb £177; Mar £178.

GrainCo, Tyne Dock. - Wheat: Jan £59; Feb £59.50; Mar £60. Barley: Jan £61; Feb £62; Mar £63. Oilseed rape: Jan £173; Feb £174; Mar £175.