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Currencies and grain trading

- 01 April 1999
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  • Euro1=£0.6663
  • Intervention Price: £82.58dd.

  • £1=DM2.928 / FFr9.925 / US$1.613 / Euro1.5008

  • FOB Rouen April wheat value: FFr715 (£72.77)

  • Chicago May wheat at close: $2.80 (£63.70)

THE UK market started the day on a weaker tone but, as Sterling slipped in the afternoon session, futures edged slightly higher. Tomkins announced the sale of the four Kerry flour mills to ADM – the largest wheat-flour miller in the USA.

Wheat futures – closing prices:

MONTH Close Change
MAY 75.05 +0.30
JULY 76.85 +0.35
SEP 75.75 +0.25
NOV 77.60 +0.20
JAN 79.50 +0.25
MAR 81.50 +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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