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Currencies and grain trading

- 26 November 1998
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  • £1=DM2.83/FFr9.49/$1.658

  • FOB Rouen November wheat value: FFr 765.00 (£ 80.61)

  • Chicago December wheat at close: $2.78 (£ 61.53)

UK futures traded 30p higher and then drifted in very thin volumes back to unchanged. The UK market has now fallen £4 from the high of three weeks ago, and will probably trade around these levels until news arrives of the southern hemisphere crops – Argentina and Australia – around Christmas.

Prices at Wednesdays
wheat futures close:

MONTH Close Change
JAN 78.10 + 0.10
MAR 80.00 0.00
MAY 82.00 0.00
JUL 84.00 0.00
SEP 80.75 0.00
NOV 82.75 + 0.75

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

    CommodityPrice
    November Class 1 milling wheat90-92
    November Class 2 milling wheat82-83
    November Soissons87-93
    November feed wheat73-74
    November feed barley73-75
    Harvest 1999 feed wheat76-78
    September 1999 feed wheat79-80
    January 1999 OSR162-164

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

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