Currencies and grain trading

  • Euro=£0.6888
  • Intervention Price for January: £84.85 dd.

  • £1=DM2.824 / FFr9.47 / $1.636

  • FOB Rouen February wheat value: FFr 715 (£75.50)

  • Chicago March wheat at close: $2.70 (£60.56)

THE UK market fell sharply yesterday morning (Tuesday) as Sterling reached DM2.84 . The afternoon session saw Sterling ease to around DM2.835 and futures finished slightly off the bottom.

POLAND sold 400,000t of wheat yesterday by auction at a price of around US$79.80 FOB (£48.77) for February shipment. Morocco is tendering for 75,000t of optional-origin wheat today (Wednesday).

Wheat futures – closing prices:

MONTH Close Change
MAR 75.50 -0.30
MAY 76.60 -0.35
JULY 78.50 -0.40
SEP 77.75 0.00
NOV 79.50 0.00
JAN 81.50 0.00

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

    February Class 1 milling wheat86-88
    February Class 2 milling wheat78-80
    February Soissons85-86
    February feed wheat70-72
    February feed barley74-76
    February OSR130
    (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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