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Currencies and grain trading

- 29 January 1999
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  • Euro=£0.6928
  • Intervention Price for January: £84.65 dd.

  • £1=DM2.822 / FFr9.47 / $1.647

  • FOB Rouen February wheat value: FFr 715.00 (£75.50)

  • Chicago March wheat at close: $2.73 (£60.83)

RESTITUTIONS:

  • 233,000t of free-market soft wheat at Euro31.49;
  • 15,000t of soft wheat to ACP destinations;
  • 115,000t of barley at Euro50.94.

THE UK market drifted lower yesterday (Thursday) as buying interest was limited and sellers looked to take advantage of the recent rally.

Wheat futures – closing prices:

MONTH Close Change
MAR 76.10 -0.75
MAY 77.25 -0.75
JULY 79.00 -1.00
SEP 78.10 -0.40
NOV 79.85 -0.40
JAN 81.85 -0.40

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

    CommodityPrice
    February Class 1 milling wheat88-90
    February Class 2 milling wheat78-80
    February Soissons85-86
    February feed wheat70-71
    February feed barley74-76
    February OSR133
    (with 50p carry)
    Harvest feed wheat70-72
    September feed wheat72-74

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

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