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Grain futures and currencies

- 20 April 1999
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  • Euro1=£0.6586
  • Intervention Price: £83.04dd.

  • £1=DM2.970/ FFr9.960/ US$1.615/ Euro1.5184

  • FOB Rouen April wheat value: FFr737.50 (£74.34)

  • Chicago May wheat at close: $2.56 (£57.37)

THE UK market fell as Sterling pushed through DM2.98 and the French market improved slightly. The UK is seeing demand from Germany for odd spot feed wheat shipments, but generally the freight market is very quiet. Chicago fell once again as fears of frost damage diminished and on rumours of possible Chinese purchases from Canada.

Wheat futures – closing prices:

MONTH Close Change
MAY 76.80 -0.45
JULY 77.80 -0.70
SEP 74.80 -0.90
NOV 76.50 -0.90
JAN 78.50 -0.90
MAR 80.20 -0.90

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

    CommodityPrice
    April Class 1 milling wheat85-86
    April Class 2 milling wheat77-81
    April Soissons80-82
    April feed wheat71-73
    April feed barley73-76
    May OSR128
    Harvest OSR116
    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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