Tuesday, 01 June, 1999

  • UK FOB prices gained support from a firm French market.

  • THE export market was reported as being very quiet, particularly for new crop positions and barley.

  • NEW-CROP wheat received little interest as UK prices are currently very close to French prices.

  • UK delivered markets remained quiet. Prices were reported to be operating more independently of futures prices then usual. In particular, reports suggest milling wheat trade is almost a parcel-by-parcel situation.

  • TRADERS still report that parcels of unsold quality wheat, in particular Group 2 wheat, are easier to find than feed wheat. However, millers remain almost covered for nearby requirements.

  • DEMAND from millers for new-crop milling wheat is also reported to be very limited at present, with only very small volumes trading.
    HGCA Taken from HGCA weekly MI Bulletin
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