Friday, 23 July, 1999
Delivered markets are quiet, with some old-crop market activity keeping prices supported. New-crop prices are only around 50p lower than old-crop.
New-crop milling wheat values are also slightly lower, with premiums around £12-14 for the small volumes traded. Remaining old-crop markets are limited.
First cuts of early wheat could be made in the south next week, but early August is a more likely date.
Export market activity, focusing on new-crop barley coming available, was reported as slightly higher last week.
Barley export prices for harvest were about £1/t lower than last week. Early cuts in the south have been good quality, say traders, but volumes are too small to be representative.
Lower futures prices and a slightly stronger Pound are reflected in new-crop wheat export prices, which are down around 75p.
Taken from HGCA weekly MI Bulletin
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