Currencies and grain trading

  • £1=DM2.844 / FFr9.514 / $1.692

  • FOB Rouen spot wheat value: FFr 760.00 (£ 79.88)

  • Chicago September wheat at close: $2.48 (£ 53.79)

BRUSSELS granted restitutions on 185,000t of wheat at Ecu38.43/tonne, suggesting the value of French wheat at around $95 FOB (£56), just $1 below the US value.

The UK market reacted once again to weaker Sterling and finished firmer but, with the best prices in the nearby positions due to the lack of supply and reasonable export enquiry, one shipper has suggested we will export 500,000t in September.

Dalgety announced a crop figure of 15.95m tonnes yesterday afternoon – a mid-range figure, but difficult to judge with such large acreages still to be combined.

Prices at Thursdays
wheat futures close:

MONTH Close Change
SEP 73.10 + 0.60
NOV 74.15 + 0.70
JAN 76.15 + 0.65
MAR 77.65 + 0.45
MAY 79.25 + 0.35

    Approximate commodity
    values, £/tonne, ex-farm:

    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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