by Robin Twizell
RMD Agriculture
NEW crop cereal prices have fallen on the back of bad weather raising concern over the quality of the coming harvest. The warm, wet weather could mean that we have feed wheat, as against biscuit wheat, to export. Any wheat on farm already has, however, improved in value with lack of availability of significant volumes of new crop.
Oilseed values have been volatile from the end of last week but large crops across Europe are keeping the pressure on prices.
Thursday's prices
Grainfarmers, Thorp Arch. - Wheat (new crop): Aug £60; Sept £61; Oct £62. Barley: Aug £58; Sept £60; Oct £61. Oilseed rape: Aug £125; Sept £130; Oct £132.
GrainCo, Tyne Dock. - Wheat (new crop): Aug £73; Sept £62; Oct £63. Barley: Aug £60; Sept £60; Oct £62. Oilseed rape: Aug £125; Sept £130; Oct £134.
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