Gleadell Harvest 2007 wheat pool results announced

"The Gleadell Harvest 2007 wheat pool will be paid this week, returning a base price of £118.04," announced David Sheppard, Gleadell Agriculture's managing director. "It will outperform all other pool results we have heard of and, in order to beat it, farmers would have had to sell all their wheat after 1st August 2007."

"In their own right farmers have understandably been keen sellers of wheat from below £80 ex farm all the way up to today's price of £160+. In this context the Gleadell harvest wheat pool has performed excellently. Premiums returned for all grades of biscuit and bread making wheat are again at the high end of what has been available in the open market."

"We believe this result reinforces the fact that a good pool should form an important part of most farmers' marketing strategy. Our 2008 Pool is now open and we expect uptake to be brisk," Mr Sheppard added.

GLEADELL HARVEST 2007 WHEAT POOL RESULTS SUMMARY

Base feed wheat £118.04

Average feed wheat £119.54

Highest feed wheat £123.18

Bread making wheat £124.46 – £140.04