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Currencies and grain trading

- 07 April 1999
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  • Euro1=£0.679
  • Intervention Price: £84.62dd.

  • £1=DM2.877/ FFr9.65 / US$1.592/ Euro1.472

  • 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:

MONTH Close Change
MAY 75.40 unch
JULY 77.25 +0.05
SEP 76.50 +0.35
NOV 78.35 +0.35
JAN 80.15 +0.25
MAR 82.15 +0.25

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

    CommodityPrice
    April Class 1 milling wheat82-86
    April Class 2 milling wheat77-80
    April Soissons80-82
    April feed wheat70-72
    April feed barley70-74
    April OSR123
    Harvest OSR115
    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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