Currencies and grain trading (Monday, 08:00)
- 1=DM2.834 / FFr9.514/ $1.68
- FOB Rouen spot wheat value: FFr 735.00 ( 77.25)
- Chicago September wheat at close: $2.53 ( 55.26)
THE UK market finished virtually unchanged on Friday, with most buyers tidy for the month and looking to top up the October book at the same price level as that paid for the September.
The UK grain trade estimates 500,000t will have been shipped in September, but more than 400,000t needs to be shipped in October, November and December to stand a chance of clearing the projected 4.2-4.5 million tonne exportable surplus.
Prices at Fridays
wheat futures close:
MONTH
Close
Change
SEP
71.50
0.00
NOV
72.50
-0.15
JAN
74.40
-0.25
MAR
76.40
-0.20
MAY
78.00
-0.25
Approximate commodity
values, /tonne, ex-farm:
Commodity Price
October Class 1 milling wheat 88-90
October Class 2 milling wheat 78-80
October Soissons 82-84
October feed wheat 68-70
October feed barley 67-70