RMD Agriculture
GRAIN prices have fallen back again after a slight rally in the middle of last week.
The problem with old crop wheat is that consumers are reluctant to buy as they have had to roll February purchases to March. But at least barley has now got down to the export price so should not fall any further.
New crop values have also fallen back which follows US prices. It may be that they are concerned about the value of Baltic wheat again this harvest.
Oilseed values have remained unchanged, but with a slightly firmer feel, as palm oil markets have moved up from their recent lows.
Thursday's prices.
Kenneth Wilson, Thorpe Arch. - Wheat: Mar £71; April £72; May £72.50. Barley: Mar £60; April £61; May £62. Oilseed rape: Mar £140; April £141; May £142.
GrainCo, Tyne Dock. - Wheat: Mar £72; April £73; May £74. Barley: Mar £62; April £62; May £63. Oilseed rape: Mar £142; April £143; May £144.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article