Currencies and grain trading
- £1=DM2.7806 / FFr9.41 / $1.713
- FOB Rouen spot wheat value: FFr 770.00 (£ 81.82)
- Chicago December wheat at close: $2.99 (£ 64.05)
EU restitutions:
- 452,000t of free-market soft wheat @ Ecu30.98/tonne
- 191,500t of wheat to ACP nations @ Ecu38.00/tonne.
- 390,000t of barley @ Ecu67.46/tonne.
- This was probably the largest single slug of restitutions granted for two years.
The US Department of Agriculture is expected to announce a lower global wheat production figure later today.
Prices at Thursdays
wheat futures close:
MONTH
Close
Change
NOV
78.20
+ 0.90
JAN
80.20
+ 0.95
MAR
82.20
+ 0.95
MAY
84.20
+ 1.00
JUL
86.00
+ 1.20
SEP
80.50
+ 0.50
Approximate commodity
values, £/tonne, ex-farm:
Commodity Price
October Class 1 milling wheat 88-91
October Class 2 milling wheat 78-82
October Soissons 85-88
October feed wheat 72-75
October feed barley 72-74
Harvest 1999 feed wheat 75
Setpember 1999 feed wheat 76
January 2000 feed wheat 81
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