by Robin Twizell
RMD Agriculture
WHEAT prices fell at the end of last week as Brussels tightened its control on exports outside the EU. Markets then recovered as we would mainly just export within the EU and so do not need export licences. Concern over the maize crop suffering in the drought could also mean additional demand for wheat. There is always a health warning in that Brussels still has other ways of managing the market, should prices rise any further. The quality of recently harvested wheat is very good which will make exports easier.
Oilseed prices have remained stable, but nervous, as American markets have been under a little pressure.Weather yet again holds the key.
Thursday's prices
Kenneth Wilson, Thorpe Arch. - Wheat: July £79. Barley: July £67. Oilseed rape: July £150 (as available).
GrainCo, Tyne Dock. - Wheat: July £80; Sept £82; Oct £84. Barley: July £68; Sept £70; Oct £71. Oilseed rape: July £152; Sept £155; Oct £158.
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