Signs of lack of confidence in the post harvest market are showing in the latest bid prices from entrants to our marketing challenge (see below).
The competition is sponsored by Lloyds Bank and Banks Agriculture, and, supported by Crops, HGCA and Chamberlain Partners.
Wet weather may do something to hold up growers hopes of prices increasing – as grain quality will inevitably decline and premiums improve.
The bid prices (£/t) are:
Riband Rialto Rapeseed
Harvest 77 89 144
August 78 90 145
Sept 80 92 147
October 82 94 150
November 83 94 151 December plus £1 extra/month
Note: Prices are for Grain Challenge purposes only.