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Currencies and grain trading

- 20 November 1998
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  • £1=DM2.806/FFr9.41/$1.664

  • FOB Rouen November wheat value: FFr 775.00 (£ 82.35)

  • Chicago December wheat at close: $2.91 (£ 64.182)


Restitutions:

  • 115,000t of free market soft wheat
  • 18,000t of ACP-destination wheat
  • 8000t of barley

The UK market traded lower as Sterling hit DM2.80. Presently there is very little farm grain being sold, which is probably fortunate as there are very few end-users willing to look at purchases beyond January.






Prices at Thursdays
wheat futures close:



MONTH Close Change
NOV 77.90 -0.25
JAN 78.90 -0.50
MAR 80.90 -0.50
MAY 82.90 -0.50
JUL 84.90 -0.50
SEP 82.75 -0.25


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











    CommodityPrice
    November Class 1 milling wheat90-92
    November Class 2 milling wheat82-83
    November Soissons87-93
    November feed wheat73-75
    November feed barley73-75
    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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