Currencies and grain trading
- £1=DM2.869 / FFr9.62 / $1.658
- FOB Rouen spot wheat value: FFr 765.00 (£ 79.52)
- Chicago September wheat at close: $2.46 (£ 54.45)
UK futures reacted to the weakness in Sterling yesterday. The market has now moved up £2.50 over the last 10 days, giving a value for November wheat of between £67 and £70/tonne ex-farm, depending on quality and location.
Prices at Mondays
wheat futures close:
MONTH
Close
Change
SEP
71.35
+ 0.60
NOV
72.60
+ 0.60
JAN
74.60
+ 0.60
MAR
75.90
+ 0.30
MAY
77.90
+ 0.30
Approximate commodity
values, £/tonne, ex-farm:
Commodity Price
September Class 1 milling wheat 86
September Class 2 milling wheat 78
September Soissons 81
September feed wheat 66-70
September feed barley 64-66