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Grain futures and currencies

- 25 May 1999
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  • Euro1=£0.6617
  • Intervention Price: £83.07dd.

  • £1=DM2.9558 / FFr9.9135 / US$1.5997 / Euro1.5113

  • FOB Rouen May wheat value: FFr750 (£75.88)

  • Chicago May wheat at close: $2.52 (£56.72)

WITH the rest of Europe on holiday, the UK market improved slightly as one particular company decided to take the market on. US futures slipped once again to contract lows as harvest commenced in Texas and Oklahoma.

Wheat futures – closing prices:

MONTH Close Change
JUL 79.75 +0.75
SEP 74.60 +0.60
NOV 76.60 +0.60
JAN 78.50 +0.50
MAR 80.25 +0.50
MAY 81.75 +0.50

    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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