Currencies and grain trading


  • Euro1=£0.6668
  • Intervention Price: £82.74dd.

  • £1=DM2.927 / FFr9.82 / US$1.635 / Euro1.4997

  • FOB Rouen March wheat value: FFr712.50 (£72.55)

  • Chicago March wheat at close: $2.82 (£63.68)

ALTHOUGH the HGCA revised UK wheat carryout upwards, to 1.855m tonnes, UK traders still want to own wheat.

Restitutions:

  • 32,500t of free-market soft wheat at Euro32.96.

  • Due to holidays there will be no restitutions next week.

The EU cleared 211,000t of wheat from France for Russia yesterday.

Chicago improved 12¢ yesterday as talk entered the market of Iranian sanctions possibly being lifted and of the TCK smut situation with China being lifted.

Wheat futures – closing prices:

MONTH Close Change
MAY 74.45 +0.35
JULY 76.20 +0.45
SEP 75.25 +0.25
NOV 77.00 +0.25
JAN 79.00 +0.25
MAR 81.00 +0.25

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

    CommodityPrice
    March Class 1 milling wheat82-86
    March Class 2 milling wheat74-76
    March Soissons80-84
    March feed wheat70-71
    March feed barley70-72
    April OSR125
    Harvest OSR118
    Harvest feed wheat67-69
    November feed wheat73-75

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


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