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Grain futures and currencies

- 20 May 1999
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  • Euro1=£0.6569
  • Intervention Price: £82.89dd.
  • £1=DM2.9774 / FFr9.9856 / US$1.6180 / Euro1.5223

  • FOB Rouen May wheat value: FFr745 (£75.10)

  • Chicago May wheat at close: $2.54 (£57.72)

As the May futures expire on Friday, traders have transfered their positions to July, pushing values higher. This rise also pushed new-crop values. Futures are still the cheapest hedge for traders in a very thin market while waiting for the stronger long holders to part company with the remainder of their wheat.






Wheat futures – closing prices:


MONTH Close Change
MAY 78.00 +0.05
JULY 77.50 +1.20
SEP 74.60 +0.75
NOV 76.50 +0.75
JAN 78.25 +0.75
MAR 80.00 +0.75


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











    CommodityPrice
    May Class 1 milling wheat87-89
    May Class 2 milling wheat80-82
    May Soissons78-82
    May feed wheat72-74
    May feed barley73-75
    May OSR113
    Harvest OSR110
    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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