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Grain futures and currencies

- 17 May 1999
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  • Euro1=£0.6601
  • Intervention Price: £83.30dd.
  • £1=DM2.9629 / FFr9.9371 / US$1.6173 / Euro1.5149

  • FOB Rouen May wheat value: FFr740 (£74.37)

  • Chicago May wheat at close: $2.53 (£57.45)

THE UK market ended the week on a slightly firmer tone as the futures market became more technical. US futures dropped sharply on speculative selling, with harvest only a few weeks away.






Wheat futures – closing prices:


MONTH Close Change
MAY 77.15 +0.15
JULY 76.35 +0.15
SEP 74.10 +0.60
NOV 76.10 +0.60
JAN 77.90 +0.50
MAR 79.50 +0.40


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











    CommodityPrice
    May Class 1 milling wheat85-90
    May Class 2 milling wheat79-82
    May Soissons78-82
    May feed wheat72-75
    May feed barley73-76
    May OSR114
    Harvest OSR112
    Harvest feed wheat67-68
    November feed wheat72-73




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



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