Ups and downs in grain market

The grain markets appear to be doing a Duke of York impression at the moment as we have been marched to the top of the hill and we are coming back down again now.

David Roberts, G O Davies (Westbury) Ltd grain merchants
David Roberts, G O Davies (Westbury) Ltd grain merchants

How much grain is left to market in the UK is anybody’s guess and I suspect the grain sheds in the eastern counties hold the secret.

New crop oilseed rape is flying and must be worth a thought as to whether to cover some or not. The fertiliser market has risen significantly since last May and I have a sneaking suspicion that new season prices will come off the blocks at a fairly high level.

We are told that the price of ammonium nitrate is tied to the price of oil but in reality, I think the price is more closely tied to the price of wheat.

A new and very exciting wheat variety has been launched this year and that is KWS Dawsum. This variety is a very high yielder with a massive bushel weight and good disease resistance. First indications suggest that it is as good early drilled as it is late drilled.

David Roberts, G O Davies (Westbury) Ltd grain merchants

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