Currencies and grain trading

• £1=DM2.761 / FFr9.256 / $1.672
  

• FOB Rouen December wheat value: FFr 745.00 (£80.48)
  

• Chicago December wheat at close: $2.62 (&#163:57.50)

Restitutions:

• 170,000t of free-market wheat at Ecu32.47;
• 29,000t wheat for the ACP countries at Ecu37.87.

This level of restitution values French wheat at approx US$104 (£62.20), which represents a drop of £9 per tonne in the last five weeks.

UK futures finished lower yesterday, following French and US values. Consumers are looking hard at February/March positions, as levels are at the bottom end of the recent range.