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Currencies and grain trading

- 01 February 1999
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  • Euro=£0.691
  • Intervention Price for January: £84.43 dd.

  • £1=DM2.83 / FFr9.49 / $1.644

  • FOB Rouen February wheat value: FFr 715.00 (£75.34)

  • Chicago March wheat at close: $2.75 (£61.38)

THE UK market attempted to improve on Friday (29 January), but was halted by the strength of Sterling. Egypt yesterday (Sunday) purchased 180,000t of Australian wheat at an undisclosed price, along with 120,000t of French wheat at $93 FOB (£56.56).

Wheat futures – closing prices:

MONTH Close Change
MAR 76.50 +0.40
MAY 77.65 +0.40
JULY 79.60 +0.60
SEP 78.50 +0.40
NOV 80.25 +0.40
JAN 82.25 +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 wheat70-72
    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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