by Robin Twizell
RMD Agriculture
WHEAT prices have drifted a little lower following last week's rise. This is mainly because the price rise ruled ourselves out for additional exports but there is a question mark over whether we need to get more export orders. UK prices had also reached the imported price for some milling wheat. Lower US markets and a weaker dollar also helped to cap values.
Oilseed markets have also drifted a little but are very quiet. There are hopes that US may export some more soya to China but the availability of large Australian and Canadian rape crops is keeping rape values under a bit of pressure.
Thursday's prices
Dalgety Arable, Thorp Arch. - Wheat: Dec £110; Jan £111; Feb £112. Barley: Dec £96; Jan £97; Feb £98. Oilseed rape: Dec £180; Jan £182; Feb £183.
GrainCo, Tyne Dock. - Wheat: Dec £110; Jan £111; Feb £112. Barley: Dec £95; Jan £96; Feb £97. Oilseed rape: Dec £180; Jan £181; Feb £182
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