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Currencies and grain trading

- 09 April 1999
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  • Euro1=£0.669
  • Intervention Price: £84.26dd.

  • £1=DM2.924/ FFr9.805/ US$1.606/ Euro1.483

  • FOB Rouen March wheat value: FFr720.0 (£73.43)

  • Chicago March wheat at close: $2.68 (£61.24)

UK futures fell yesterday as sterling held above DM 2.90 and further gains in sterling overnight would suggest further losses in futures today. EU granted 10,000mts free market soft wheat restitutions at 31.95 euros and 5,000mts to ACP destinations at 38.96 euros. All barley bids were rejected. French growers/co-ops have now offered a total of 5,159,300mts of wheat to Intvn.

Wheat futures – closing prices:

MONTH Close Change
MAY 75.10 -0.90
JULY 77.00 -0.90
SEP 75.40 -1.25
NOV 77.25 -1.25
JAN 79.25 -1.00
MAR 81.10 -1.15

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

    CommodityPrice
    April Class 1 milling wheat85-86
    April Class 2 milling wheat77-81
    April Soissons80-82
    April feed wheat70-72
    April feed barley71-75
    May OSR128
    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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