by Robin Twizell
RMD Agriculture
FEED wheat prices have remained under pressure, following American maize markets. It is the time of year when trade organisations are all making their estimates of the surplus of wheat within the UK. Most will estimate the surplus at four to five million tonnes. The precise figure doesn't really matter at the moment, as it is a lot in a market place with few buyers.
Oilseed prices have tended to drift a little lower, following falls in US markets, despite some poorer yields than first estimated.
Thursday's prices
Kenneth Wilson, Thorpe Arch. - Wheat: Oct £57; Nov £58; Dec £59. Barley: Oct £59; Nov £60; Dec £61. Oilseed rape: Oct £152; Nov £153; Dec £154.
GrainCo, Tyne Dock. - Wheat; Oct £57; Nov £58; Dec £59. Barley: Oct £59; Nov £60; Dec £61. Oilseed rape: Oct £154; Nov £155; Dec £156
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