Currencies and grain trading
- £1=DM2.857 / FFr9.58 / $1.672
- FOB Rouen spot wheat value: FFr 750.00 (£ 78.28)
- Chicago September wheat at close: $2.45 (£ 53.77)
THE market initially looked weaker as Sterling rose to DM2.88, but soon recovered as the Pound fell back to DM2.858, and prices finished virtually unchanged on the day. Consumers have started to take some October cover, but at the same price level as September is trading . There are still large areas of wheat standing in parts of Northamptonshire and North Lincolnshire.
Prices at Wednesdays
wheat futures close:
MONTH
Close
Change
SEP
72.50
+ 0.25
NOV
73.55
+ 0.05
JAN
75.50
+ 0.10
MAR
77.20
+ 0.15
MAY
78.90
+ 0.10
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