Currencies and grain trading

  • £1=DM2.941 / FFr9.86 / $1.638

  • French FOB spot wheat value: FFr 777.50 (£ 78.85)

  • Chicago September wheat at close: $2.53 (£ 56.68)

SPOT wheat was still leading the market yesterday, with merchants paying over the market price to secure immediate wheat against above-market shorts. Consumers were not following too hard and were looking to top up September at £2/3 below these levels once the shippers are
taken out. In Australia, ABARE has forecast a 24m-tonne Australian wheat crop, against last months forecast of 21.5m tonnes.

Prices at Mondays
wheat futures close:

MONTH Close Change
SEP 71.25 -0.20
NOV 72.50 -0.50
JAN 74.40 -0.50
MAR 76.30 -0.45
MAY 78.30 -0.45

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

    Harvest Class 1 milling wheat82
    Harvest Class 2 milling wheat73
    Harvest Soissons73
    Harvest feed wheat65-68
    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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