You Could Do With One Of Them On The Other Side Luv

16/02/11 -- Nov London wheat has briefly traded GBP12/tonne lower this morning before stabilising at around "just" a fiver down.

Paris rapeseed is taking another pummeling on the ropes too, down around EUR9/tonne meaning front month May has now shed EUR24.25 in a week. The market seems to be waking up to the fact that nobody wants the physical stuff at these levels. Rapemeal is also taking a pasting with the continent down EUR7/tonne today, having fallen EUR5/tonne yesterday.

In the UK the crushers are extremely keen to get on with meal sales I gather, with spring in the air and sales for May/July extremely lightweight given that it's only 2 1/2 months away.

Who could possibly have seen this coming eh?