Currencies and grain trading

  • £1=DM2.943 / FFr9.869 / $1.637

  • French FOB spot wheat value: FFr 777.50 (£ 78.78)

  • Chicago September wheat at close: $2.53 (£ 56.72)

THE poor state of the Russian economy and US offensive actions probably made Sterling look a safe haven on Friday and its strength, coupled with a lack of demand further forward, pushed UK futures to a lower close. The best prices are for spot movement with September wheat near Tilbury valued at £70 per tonne ex-farm – the same price as December feed wheat elsewhere.

Prices at Fridays
wheat futures close:

MONTH Close Change
SEP 71.45 -0.20
NOV 73.00 -0.75
JAN 74.90 -0.65
MAR 76.75 -0.65
MAY 78.75 -0.65

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

    Harvest Class 1 milling wheat81
    Harvest Class 2 milling wheat72
    Harvest Soissons73
    Harvest feed wheat65-67
    Harvest feed barley63-64

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

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