Most of our markets seemed to have settled down until Tuesday when USDA issued its harvest estimates. It reduced world wheat stocks by 12m tonne and EU production by 5m tonne so our prices headed up again. Reports of UK yields are now down compared to recent estimates and good export interest has also helped our values
Oilseed prices also increased following this report. Some traders are thinking the crop size for soya may be rather low but with warmer weather predicted across the US it was all considered bullish.
Robin Twizell
RMD Agriculture
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