Stop Moaning

The HGCA say that although the wheat market has fallen the best part of £40/tonne since the beginning of June, there's still a decent margin to be had planting wheat for next season.

Margins are however around £100/ha down on where they were twelve months ago, as sharply lower grain prices have far outweighed lower input costs, they say. But, hey, a margin is still a margin, with milling and first feed wheats offering the best returns.

If their figures are correct, selling Nov 2010 feed wheat now at £105/tonne still offers a potential return of £585/ha. Break-even on first feed wheat is only £38.52/tonne, anything above that and your in profit!!

See the figures here: I'll have a slice of that

And if you think they are talking out of their hat, email them not me!