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Currencies and grain trading

- 08 September 1998
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  • £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.

Bangladesh is to tender for 100,000t of soft wheat, 30 September.

ONIC of France is predicting a 50% rise in wheat exports this season, targeting 7.5m tonnes of exports outside EU v 5m last year. ONIC also predicts a rise in end-season stocks to 6.2m tonnes v 4.7m last year.







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:








    CommodityPrice
    September Class 1 milling wheat86
    September Class 2 milling wheat78
    September Soissons81
    September feed wheat66-70
    September feed barley64-66




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


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