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Currencies and grain prices

Thursday, 10 June, 1999

  • Euro1=£0.653
  • Intervention Price: £82.31
  • £1=DM2.994 / FFr10.04 / US$1.601 / Euro1.5313
  • FOB Rouen May wheat value: FFr765 (£76.19)
  • Chicago July wheat at close: $2.55 (£58.45)

  • UK market slightly firmer yesterday as sterling fell once again. US now harvesting and meeting expectations. Algeria purchased 100,000 tonne wheat yesterday, to the surprise of some who thought it would be from France.

Wheat futures – closing prices:

MONTH Close Change
JUL 80.25 +0.25
SEP 73.60 +0.10
NOV 75.60 +0.10
JAN 77.50 +0.10
MAR 79.45 +0.10
MAY 81.20 unch
    Approximate commodity
    values, £/tonne, ex-farm:
    CommodityPrice
    June Class 1 milling wheat83-85
    June Class 2 milling wheat80-83
    June SoissonsNot needed
    June feed wheat75-77
    June feed barley74-75
    June OSR113
    Harvest OSR107
    Harvest feed wheat66-68
    November feed wheat72-73

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

    Market Reports
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    Copyright ©Reed Business Information 1999.
    Contact postmaster@fwi.co.uk with any comments or questions

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    Currencies and grain prices

    02 April 1998
    Currencies and grain prices

    Wednesday, 1 April, 1998

    • £1=DM3.099 / FFr10.384 / $1.671
    • French FOB spot wheat value: FFr 775.00 (£ 74.63)
    • Chicago May wheat at close: $3.14 (£ 67.64)

    Futures:
    UK old-crop found support from shorts and there were also some spot enquiries for lower-grade wheats FOB. However, with currency still firm, buyers are reluctant to pay up. New-crop was also supported on futures, but still remains a very thin market and could easily be pushed in either direction.

    Prices at Wednesdays
    wheat futures close:

    MONTH Close Change
    MAY 72.75 + 0.50
    JULY 74.75 + 0.50
    SEP 75.10 + 0.10
    NOV 77.10 + 0.10
    JAN 79.10 + 0.10
    MAR 81.10 + 0.10
      Approximate commodity
      values, £/ tonne, ex-farm:
      April Class 1 milling100/102
      April feed wheat66/68
      April feed barley68/70
      Harvest feed wheat67/69

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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    Currencies and grain prices

    01 April 1998
    Currencies and grain prices

    Tuesday, 31 March, 1998

    • £1=DM3.090 / FFr10.350 / $1.673
    • French FOB spot wheat value: FFr 775.00 (£ 74.87)
    • Chicago May wheat at close: $3.19 (£ 68.64)

    Futures:
    STERLING was very steady yesterday morning at over DM3.10, resulting in early losses of 50p / tonne. However, profit-takers entered the market and bought reasonable volumes from first-hand sellers (April/May) and speculators (June/July). This, coupled with a slight fall in Sterling and an anticipated firmer market in Chicago, was sufficient to close the futures market unchanged to marginally higher. Later on, French and Chicago markets both closed lower.

    Prices at Tuesdays
    wheat futures close:

    MONTH Close Change
    MAY 72.25 0.00
    JULY 74.25 0.00
    SEP 75.00 + 0.40
    NOV 77.00 + 0.40
    JAN 79.00 + 0.40
    MAR 81.00 + 0.40
      Approximate commodity
      values, £/ tonne, ex-farm:
      April Class 1 milling100/102
      April feed wheat66/68
      April feed barley68/70
      Harvest feed wheat67/69

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

    • Read more on:
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    Currencies and grain prices

    31 March 1998
    Currencies and grain prices

    Monday, 30 March, 1998

    • £1=DM3.101 / FFr10.382 / $1.677
    • French FOB spot wheat value: FFr 777.50 (£ 74.88)
    • Chicago May wheat at close: $3.25 (£ 69.76)

    Futures:
    PROFIT-TAKING was the order of the morning on Monday, with futures closing 75p up at lunch but, as Sterling climbed over DM3.09, the afternoon session ended on the negative side, with most buyers electing to wait rather than jump in at these levels.

    Prices at Mondays
    wheat futures close:

    MONTH Close Change
    MAY 72.25 -0.50
    JULY 74.25 -0.50
    SEP 74.60 -0.15
    NOV 76.60 -0.15
    JAN 78.60 -0.15
    MAR 80.60 -0.15
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

    • Read more on:
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    Currencies and grain prices

    30 March 1998
    Currencies and grain prices

    Friday, 27 March, 1998

    • £1=DM3.076 / FFr10.308 / $1.683
    • French FOB spot wheat value: FFr 777.50 (£ 75.42)
    • Chicago May wheat at close: $3.23 (£ 69.09)

    Futures:
    THE follow-through from Thursdays profit-taking was seen again on Friday as futures finished £1.35 up on old crop. Further profit-taking is possible.

    Prices at Fridays
    wheat futures close:

    MONTH Close Change
    MAY 72.75 + 1.35
    JULY 74.75 + 1.35
    SEP 74.75 + 1.25
    NOV 76.75 + 1.25
    JAN 78.75 + 1.25
    MAR 80.75 + 1.25
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

    • Read more on:
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    Currencies and grain prices

    27 March 1998
    Currencies and grain prices

    Thursday, 25 March, 1998

    • £1=DM3.070 / FFr10.287 / $1.684
    • French FOB spot wheat value: FFr 782.50 (£ 76.06)
    • Chicago May wheat at close: $3.20 (£ 68.40)

    Futures:
    PROFIT-TAKING became evident early in the day and this pushed futures £1/ tonne higher in the morning session. But as Sterling pushed higher, all the momentum stopped and futures took on their usual bearish tone. The UK exportable surplus is reported to be around 200,000 t, but with higher than usual stocks in both France and Denmark and an earlier harvest, the pressure will remain.
    Brussels: 6,000 t of wheat at Ecu16.95; barley bids rejected.
    Chicago finished 4-11¢/bushel lower, setting new contract lows.

    Prices at Thursdays
    wheat futures close:

    MONTH Close Change
    MAY 71.40 -0.20
    JULY 73.40 -0.20
    SEP 73.50 + 0.10
    NOV 75.50 + 0.10
    JAN 77.50 + 0.25
    MAR 79.50 + 0.10
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
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    Currencies and grain prices

    26 March 1998
    Currencies and grain prices

    Wednesday, 25 March, 1998

    • £1=DM3.059 / FFr10.252 / $1.674
    • French FOB spot wheat value: FFr 790.00 (£ 77.05)
    • Chicago May wheat at close: $3.31 (£ 70.53)

    Futures:
    FOR most of the day futures traded either side of unchanged but, in the last 15 minutes, sellers once again forced the market 75/90p down on old-crop, and new-crop followed. Farmer selling is still slow and, with ample old-crop supplies reported, coupled with a potentially earlier harvest, it is difficult to see any upside unless Sterling decides to weaken and we find some demand.

    Prices at Wednesdays
    wheat futures close:

    MONTH Close Change
    MAY 71.60 -0.75
    JULY 73.60 -0.90
    SEP 73.40 -0.60
    NOV 75.40 -0.60
    JAN 77.40 -0.60
    MAR 79.40 -0.60
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    25 March 1998
    Currencies and grain prices

    Tuesday, 24 March, 1998

    • £1=DM3.056 / FFr10.241 / $1.672
    • French FOB spot wheat value: FFr 790.00 (£ 77.14)
    • Chicago May wheat at close: $3.31 (£ 71.26)

    AT first the futures traded 75p down, then 15p up, and finally they collapsed as shippers took comfort from the strength of Sterling.
    New crop wheat is being sold aggressively CIF, and it is hard to see where barley will find a home – probably in Intervention

    Prices at Tuesdays
    wheat futures close:

    MONTH Close Change
    MAY 72.35 -1.40
    JULY 74.50 -1.25
    SEP 74.00 -1.00
    NOV 76.00 -1.00
    JAN 78.00 -1.00
    MAR 80.00 -1.00
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    25 March 1998
    Currencies and grain prices

    Tuesday, 25 March, 1998

    • £1=DM3.056 / FFr10.241 / $1.672
    • French FOB spot wheat value: FFr 790.00 (£ 77.14)
    • Chicago May wheat at close: $3.31 (£ 71.26)

    AT first the futures traded 75p down, then 15p up, and finally they collapsed as shippers took comfort from the strength of Sterling.
    New crop wheat is being sold aggressively CIF, and it is hard to see where barley will find a home – probably in Intervention

    Prices at Tuesdays
    wheat futures close:

    MONTH Close Change
    MAY 72.35 -1.40
    JULY 74.50 -1.25
    SEP 74.00 -1.00
    NOV 76.00 -1.00
    JAN 78.00 -1.00
    MAR 80.00 -1.00
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    25 March 1998
    Currencies and grain prices

    Tuesday, 25 March, 1998

    • £1=DM3.056 / FFr10.241 / $1.672
    • French FOB spot wheat value: FFr 790.00 (£ 77.14)
    • Chicago May wheat at close: $3.31 (£ 71.26)

    AT first the futures traded 75p down, then 15p up, and finally they collapsed as shippers took comfort from the strength of Sterling.
    New crop wheat is being sold aggressively CIF, and it is hard to see where barley will find a home – probably in Intervention

    Prices at Fridays
    wheat futures close:

    MONTH Close Change
    MAY 72.35 -1.40
    JULY 74.50 -1.25
    SEP 74.00 -1.00
    NOV 76.00 -1.00
    JAN 78.00 -1.00
    MAR 80.00 -1.00
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/68
      March feed barley66
      Harvest feed wheat66/67

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    24 March 1998
    Currencies and grain prices

    Monday, 23 March, 1998

    • £1=DM3.065 / FFr10.2681 / $1.678
    • French FOB spot wheat value: FFr 792.50 (£ 77.18)
    • Chicago May wheat at close: $3.32 (£ 71.22)

    A COMBINATION of a stronger Pound and a total lack of interest from any consumer pushed futures to contract lows once again. There is no sign of any fresh demand in the short term, and this will have a knock-on effecton harvest prices.

    Prices at Fridays
    wheat futures close:

    MONTH Close Change
    MAY 73.75 -0.90
    JULY 75.75 -0.90
    SEP 75.00 -0.75
    NOV 77.00 -0.75
    JAN 79.00 -0.75
    MAR 81.00 -0.75
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/70
      March feed barley66
      Harvest feed wheat66/68

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    24 March 1998
    Currencies and grain prices

    Monday, 24 March, 1998

    • £1=DM3.065 / FFr10.2681 / $1.678
    • French FOB spot wheat value: FFr 792.50 (£ 77.18)
    • Chicago May wheat at close: $3.32 (£ 71.22)

    A COMBINATION of a stronger Pound and a total lack of interest from any consumer pushed futures to contract lows once again. There is no sign of any fresh demand in the short term, and this will have a knock-on effecton harvest prices.

    Prices at Fridays
    wheat futures close:

    MONTH Close Change
    MAY 73.75 -0.90
    JULY 75.75 -0.90
    SEP 75.00 -0.75
    NOV 77.00 -0.75
    JAN 79.00 -0.75
    MAR 81.00 -0.75
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat66/70
      March feed barley66
      Harvest feed wheat66/68

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News

    Currencies and grain prices

    23 March 1998
    Currencies and grain prices

    Friday 20 March, 1998

    • £1=DM3.053 / FFr10.231 / $1.668
    • French FOB spot wheat value: FFr 793.75 (£ 77.58)
    • Chicago December wheat at close: $3.28 (£ 70.79)

    FRIDAY marked a very quiet end to another bearish week, with the FOB market still at a discount to the domestic market. New-crop was still supported by a few consumer enquiries and a lack of farm selling .
    The Intervention Board report a total of 1.022 million tonnes of barley being offered into intervention. With the possibility of a Green Rate revaluation in early May, the total offered could reach 1.2m tonnes by the end of April.
    French Intervention offers now exceed a million tonnes, which includes 821,000 t of barley and 15,000 t of soft wheat.

    Prices at Fridays
    wheat futures close:

    MONTH Close Change
    MAR 73.35 -0.65
    MAY 74.85 -0.65
    JUL 76.90 -0.60
    SEP 75.75 -0.50
    NOV 77.75 -0.50
    JAN 79.75 -0.50
      Approximate commodity
      values, £/ tonne, ex-farm:
      March Class 1 milling100
      March feed wheat70
      March feed barley66
      Harvest feed wheat70

      New-crop Class 2 premium is £4-5/ tonne

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

  • Read and respond to grain-business issues in the BCE Forum on FWiClick here

    • Read more on:
    • News
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