Currencies and grain trading

  • Euro=£0.6776
  • Intervention Price: £83.15dd.
  • £1=DM2.891 / FFr9.691 / US$1.609

  • FOB Rouen March wheat value: FFr710 (£73.26)

  • Chicago March wheat at close: $2.60 (£59.30)

THE UK market initially traded £1 higher yesterday in a follow-through from Fridays rise, but soon drifted to finish between 40p and 70p up on the day.

Short covering in the USA saw Chicago improve marginally as the Americans expect to obtain the lions share of the 300,000t Pakistan tender this week.

Wheat futures – closing prices:

MONTH Close Change
MAR 73.75 +0.35
MAY 76.00 +0.40
JULY 77.90 +0.40
SEP 77.20 +0.70
NOV 79.20 +0.70
JAN 81.20 +0.70

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

    March Class 1 milling wheat85
    March Class 2 milling wheat75-77
    March Soissons80-84
    March feed wheat68-71
    March feed barley72-75
    March OSR116
    Harvest OSR114
    Harvest feed wheat67-70
    November feed wheat75-76

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

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