Currencies and grain trading

Wednesday, 23 December, 1998

  • £1=DM2.808 / FFr9.418 / $1.682

  • FOB Rouen December wheat value: FFr 750.00 (£79.63)

  • Chicago March wheat at close: $2.76 (&#163:60.22)

UK wheat futures improved marginally, with most traders looking to square their books before Christmas.

Bangladesh yesterday (Tuesday) purchased 99,000t of wheat at $126.60 C&F for January shipment (£75.26). The wheat is believed to be of US, Australian or Canadian origin.

Prices at Tuesdays
wheat futures close:

MONTH Close Change
JAN 77.00 + 0.10
MAR 78.20 + 0.10
MAY 80.10 + 0.10
JUL 82.10 + 0.10
SEP 79.85 -0.20
NOV 81.50 -0.30

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

    December Class 1 milling wheat93-96
    December Class 2 milling wheat81-83
    December Soissons92-95
    December feed wheat73-76
    December feed barley75-78
    Harvest 1999 feed wheat74-76
    September 1999 feed wheat76-78
    January 1999 OSR157-160

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


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