Currencies and grain trading

  • £1=DM2.761 / FFr9.26 / $1.656

  • FOB Rouen November wheat value: FFr 782.50 (£ 84.50)

  • Chicago December wheat at close: $2.84 (£ 62.93)

UK futures drifted on thin volume, since most consumers are now virtually covered pre-Christmas and UK prices are still a little expensive compared with French. However, it is still difficult to buy ex-farm grain in the spot market. Growers may be busy drilling – which could result in volumes of grain being sold at the end of November.

Egypt is seeking 55,000t of US wheat for December arrival.

Prices at Wednesdays
wheat futures close:

MONTH Close Change
NOV 79.75 -0.65
JAN 81.90 -0.60
MAR 84.00 -0.50
MAY 85.90 -0.50
JUL 87.90 -0.60
SEP 83.75 -0.50

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

    November Class 1 milling wheat90-94
    November Class 2 milling wheat82-85
    November Soissons87-93
    November feed wheat76-78
    November feed barley75-76
    Harvest 1999 feed wheat76
    September 1999 feed wheat78
    January 2000 feed wheat85

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

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