- Intervention Price: £84.62dd.
- £1=DM2.877/ FFr9.65 / US$1.592/ 1.472
- FOB Rouen March wheat value: FFr717.50 (£74.35)
- Chicago March wheat at close: $2.79 (£64.31)
The UK market started the week with a fall in sterling and a rise in wheat
futures during the morning session. Sterling fell further after the
close yesterday suggesting the market could be a few pence
better this morning. Even with slightly lower sterling, it looks
as further export potential will not be gained and the HGCA projection of an
increased end season stock could soon weigh on market prices.
Wheat futures – closing prices:
values, £/tonne, ex-farm: