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Grain futures and currencies

- 27 May 1999
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  • Euro1=£0.6580
  • Intervention Price: £83.03dd.

  • £1=DM2.9725 / FFr9.9692 / US$1.6011 / Euro1.5198

  • FOB Rouen May wheat value: FFr760 (£75.92)

  • Chicago May wheat at close: $2.47 (£57.01)

  • THE EU has announced it will now open the tender to export on to the world market approximately 250,000t of intervention wheat from Denmark and Belgium.
  • UK futures slipped yesterday as Sterling increased in value and fund managers were more willing to sell Chicago on reports of better-than-average crops.

Wheat futures – closing prices:

MONTH Close Change
JUL 79.10 -0.65
SEP 73.75 -0.70
NOV 75.75 -0.70
JAN 77.70 -0.65
MAR 79.60 -0.65
MAY 81.35 -0.55

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

    CommodityPrice
    June Class 1 milling wheat87-88
    June Class 2 milling wheat80-82
    June Soissons78-82
    June feed wheat75-76
    June feed barley74-76
    June OSR115
    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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