03 April 1998
Currencies and grain trading
Thursday, 2 April, 1998
- £1=DM3.083 / FFr10.330 / $1.665
- French FOB spot wheat value: FFr 775.00 (£ 75.02)
- Chicago May wheat at close: $3.14 (£ 68.54)
Futures:
MARGINALLY weaker Sterling seemed to prompt some consumer interest yesterday, perhaps from those nervous about further Sterling losses, or perhaps due to some profit-taking. Merchants sold domestic UK destinations and bought FOB in new-crop positions. Shippers seemed happy to sell new-crop into the rising market.
Export tenders:
- Wheat: 44 offers were received for 518,000 tonnes with restitution levels between Ecu18.86 and Ecu25.99 per tonne (£13.12-£18.08). All were refused.
- Barley: Two offers were received for 6,000 tonnes with restitution levels between Ecu48.00 and Ecu 59.50 per tonne (£33.40-£41.40). One offer was accepted for 1,000 tonnes.
Prices at Thursdays
wheat futures close:
| MONTH |
Close |
Change |
| MAY |
74.25 |
+ 1.50 |
| JULY |
76.25 |
+ 1.50 |
| SEP |
76.20 |
+ 1.10 |
| NOV |
78.20 |
+ 1.10 |
| JAN |
80.20 |
+ 1.10 |
| MAR |
82.20 |
+ 1.10 |
|
Approximate commodity
values, £/ tonne, ex-farm:
April Class 1 milling | 100/102 |
April feed wheat | 66/68 |
April feed barley | 68/70 |
Harvest feed wheat | 67/69 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
