Currencies and grain trading

  • £1=DM2.766 / FFr9.276 / $1.664

  • FOB Rouen November wheat value: FFr 782.50 (£ 84.35)

  • Chicago December wheat at close: $2.87 (£ 63.29)


THE cut in UK interest rates had no impact on the market, which is looking for fresh news to keep prices stable.

Restitutions:

  • 165,000t of free-market wheat at Ecu28.59;
  • 11,000t of wheat to ACP destinations at Ecu31.75;
  • 165,000t of free-market barley at Ecu61.47;
  • The EU also sold 85,550t of UK intervention barley at Ecu57.52.






    Prices at Thursdays
    wheat futures close:



    MONTH Close Change
    NOV 79.50 -0.25
    JAN 81.50 -0.40
    MAR 83.50 -0.50
    MAY 85.50 -0.40
    JUL 87.50 -0.40
    SEP 83.75 0.00


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











      CommodityPrice
      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 wheat78
      September 1999 feed wheat79
      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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