Currencies and grain trading (Wednesday, 14:00)
- £1=DM2.826 / FFr9.48/ $1.674
- FOB Rouen spot wheat value: FFr 755.00 (£ 79.64)
- Chicago September wheat at close: $2.54 (£ 55.68)
WE saw a slow start to the week, with buying interest from consumers for October at the same levels as recently paid for September i.e no carry.
Turkey yesterday sold 200,000t of red milling wheat at an average price of $85/tonne FOB October-December (£50.89), 50,000t of white milling wheat at $91 (£54) and 50,000t of feed barley at $61.67 (£36.83)/t.
Prices at Tuesdays
wheat futures close:
MONTH
Close
Change
SEP
71.75
0.00
NOV
73.65
-0.10
JAN
75.60
0.00
MAR
77.55
-0.10
MAY
79.10
+ 0.20
Approximate commodity
values, £/tonne, ex-farm:
Commodity Price
September Class 1 milling wheat 88
September Class 2 milling wheat 78
September Soissons 81
September feed wheat 66-70
September feed barley 66-68