UK wheat imports to top 3M/T for the 2012-13 Season

London feed wheat prices have taken a rather quiet turn over the last seven days and values for both old and new crop wheat ex the farm remain unchanged on the week previous. For old crop feed wheat, values are currently trading somewhere in the low £160’s/T ex-farm position for July collection. Feed barley should in theory be worth a £10/t discount to feed wheat but trade is thin and...
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Ouch.

  In last week’s column I commented that old crop feed wheat values had slumped to their lowest level in almost a year. Spot collection offered little more than £175/T ex-farm and end-user demand was thin as buyers remain well covered ahead of a potentially late harvest.   A week on from this and old crop feed wheat values have continued to decline even further. Spot collection feed...
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Wheat marker retreats to 12 month low

The last seven days have brought an undeniably bearish feel to both old and new crop grain values. Old crop feed wheat has fallen almost £12/T on the trading screen since my last column and although physical ex-farm values haven’t fallen quite so sharply, the retreat seems to have set the scene for the remaining few weeks of the 2012-13 season. As I write, feed wheat for spot collection would...
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