Currencies and grain trading

  • £1=DM2.774 / FFr9.303 / $1.697

  • FOB Rouen October wheat value: FFr 780.00 (£ 83.84)

  • Chicago December wheat at close: $2.94 (£ 63.58)

AFTER a rise of £9.90/tonne from the November futures lows, profit-takers were in evidence yesterday, also prompted by a slightly firmer Pound.

Earlier this morning, ABARE cut the Australian wheat production forecast from 23.5m tonnes to 21.9m tonnes
Today should bring the result of yesterdays Bangladesh tender for 100,000t of wheat.

Prices at Mondays
wheat futures close:

MONTH Close Change
NOV 78.78 -0.65
JAN 80.75 -0.05
MAR 82.80 -0.45
MAY 84.75 -0.45
JUL 87.00 -0.40
SEP 81.15 0.00

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

    October Class 1 milling wheat90-94
    October Class 2 milling wheat80-84
    October Soissons85-91
    October feed wheat76
    October feed barley74-75
    Harvest 1999 feed wheat76
    Setpember 1999 feed wheat78
    January 2000 feed wheat83

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

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