“Thanks for latest bad news ! At least it is what I have been expecting. I cannot see any improvement in prices till this time next year, hence I completed selling 2011 crop two weeks ago which means it will rise now!

Have sold 30% of ’12 wheat crop (AV. £150 Aug/Nov) and building storage to hold the rest, but will keep selling if it comes back above £150. 15% rape sold £350 AA and 20% Malting barley £175. Your reports still the best read of the week.”