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Currencies and grain trading

- 12 March 1999
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  • Euro=£0.6694
  • Intervention Price: £83.13dd.
  • £1=DM2.905 / FFr9.743 / US$1.634 / E1.494

  • FOB Rouen March wheat value: FFr717.50 (£73.64)

  • Chicago March wheat at close: $2.68 (£60.19)

THE UK market drifted slightly yesterday as Sterling romped through DM2.93. The USA cut its forecast end-season stocks to 26.02m tonnes.

Restitutions:

  • 132,500t of free-market soft wheat at E32.98
  • 16,000t of barley at E52.90






Wheat futures – closing prices:


MONTH Close Change
MAR 73.50 -0.40
MAY 75.45 -0.60
JULY 77.30 -0.65
SEP 76.50 -0.65
NOV 78.30 -0.70
JAN 80.30 -0.70


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











    CommodityPrice
    March Class 1 milling wheat85
    March Class 2 milling wheat75-77
    March Soissons80-84
    March feed wheat69-71
    March feed barley72-75
    March OSR120
    Harvest OSR115
    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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