by Robin Twizell
RMD Agriculture
CEREAL prices have fallen back on the back of generally weaker world markets. Last week Europe granted only a small tonnage of wheat export licences and it seems that their view is that we can export whatever we like, but they will not subsidise these sales.
Oilseed prices have remained unchanged to down a little, as US markets await news on yields, but unless news is significantly bullish it looks as if values may drift lower in the short term.
Thursday's prices
Kenneth Wilson, Thorpe Arch. - Wheat: Oct £58; Nov £59; Dec £60. Barley: Oct £58; Nov £59; Dec £60. Oilseed rape: Oct £150; Nov £151; Dec £152.
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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