GRAIN MERCHANT BRINGS POOL MEMBERS EXCELLENT RETURNSThe UK wheat market has been trading in a very narrow range over the last quarter, with ex-farm prices only fluctuating between £61 and £66. Announcing its Oct-Dec 2005 Pool results, Gleadell Agriculture's feed wheat pool has performed particularly well in this climate: the average price paid to members was £65.95, with highest prices reaching £67.80. Due to the company's recent expansion more tonnes have been traded to domestic consumers than ever before, which also resulted in Gleadell being able to pass on quality and location premiums to over 60% of feed wheat pool members. And in a year when the full specification premium for Class 1's is £5 to £8 the milling wheat pool put in an excellent performance - achieving premiums of £2.27 to £13.58 over feed for varying qualities of wheat. While the OSR pool brought its members an average return of £140.13, maintaining a steady price as prices began to fall through November and December. Gleadell's managing director David Sheppard says the company consistently achieves the best pool prices around. “Very few other merchants have the same track record of success that we have - and I cannot think of a cooperative or farmer-controlled business whose track record comes even close. This is due to our excellent market information and ability to access all markets both within the UK and abroad. For instance we have secured prices of over £70 per tonne for Einstein, which in the context of this season is superb. “Our Pool members return year after year because they know they're in safe hands with us. Because of this we have seen Pool tonnage rise 30% year on year for the 2006 season, which is almost fully allocated.” Pool prices paid - net of commission
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