by Robin Twizell
RMD Agriculture
WHEAT prices are slowly lifting a bit, but most end-users say they are well covered at the moment. There is, however, still interest into the export market.
Oilseed rape is still falling, with good weather in South America and talk of a potentially large EU rape harvest keeping prices under pressure. The demand for biofuels is helping consumption of oilseeds but we will probably still produce an exportable surplus above physical capacity to process.
Thursday's prices
Grainfarmers, Thorp Arch. - Wheat: Feb £64; Mar £65; Apr £66. Barley: Feb £67; Mar £68; Apr £69. Oilseed rape: Feb £125; Mar £126; Apr £127.
GrainCo, Tyne Dock. - Wheat: Feb £64; Mar £65; Apr £66. Barley: Feb £70; Mar £70; Apr £68. Oilseed rape: Feb £120; Mar £121; Apr £122
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