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Currencies and grain trading

- 11 January 1999
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  • Euro=£0.7094

  • £1=DM2.757 / FFr9.28 / $1.64

  • FOB Rouen January wheat value: FFr 730.00 (£78.66)

  • Chicago March wheat at close: $2.91 (&#163:65.12)

THE market fell for the third day running on Friday, with very little support from shorts. Consumers next ideas will probably be around £80 dd for April/May/June.

Intervention Price for January: £86.68 dd. This rate is subject to daily change.

Prices at Fridays
wheat futures close:

MONTH Close Change
JAN 75.90 -0.50
MAR 75.90 -1.00
MAY 77.90 -0.85
JUL 79.90 -0.85
SEP 79.75 -0.25
NOV 81.50 -0.35

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

    CommodityPrice
    January Class 1 milling wheat93-95
    January Class 2 milling wheat81-85
    January Soissons92-95
    January feed wheat72-74
    January feed barley75-78
    January OSR155-157
    Harvest feed wheat74-76
    September feed wheat76-78

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


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