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Currencies and grain trading

- 19 November 1998
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  • £1=DM2.796/FFr9.38/$1.669

  • FOB Rouen November wheat value: FFr 775.00 (£ 82.62)

  • Chicago December wheat at close: $2.93 (£ 64.42)


THE US market improved by £1 yesterday as optimism grew over forward wheat sales. The US Government has indicated that it may increase the volumes donated to “needy” nations.

The UK market is drifting on thin volume, with no real buying interest from consumers and shippers. UK class 1 & 2 milling wheats are surprisingly easy for the miller to buy in the nearby, with most grades finding their way into some kind of grist.






Prices at Wednesdays
wheat futures close:



MONTH Close Change
NOV 78.15 -0.50
JAN 79.40 -0.50
MAR 81.40 -0.50
MAY 83.40 -0.50
JUL 85.40 -0.50
SEP 83.00 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 wheat74-77
    November feed barley74-75
    Harvest 1999 feed wheat76-78
    September 1999 feed wheat79-80




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


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