Grain futures and currencies

  • Euro1=£0.648

  • £1=DM3.016 / FFr10.12 / US$1.577 / Euro1.543

  • FOB Rouen June wheat value: FFr785 (£77.56)

  • Chicago July wheat at close: $2.40 (£55.85)

  • Chicago fell to contract lows on Friday as the rain stopped. The US harvest is now in full flow.
  • South Korea purchased 140,000t of optional-origin wheat at $102.85 C&F for either EU origin August or Canadian/Australian origin September. Morocco is to tender on 8 July for 140,000t of optional-origin wheat.
  • Good premiums are being paid for early August wheat.

Wheat futures – closing prices:

MONTH Close Change
JUL 84.50 +0.10
SEP 74.50 unchanged
NOV 76.00 unchanged
JAN 77.80 unchanged
MAR 79.40 unchanged
MAY 81.10 unchanged

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

    July Class 1 milling wheat86-90
    July Class 2 milling wheat83-89
    June SoissonsNot needed
    July feed wheat80-82
    July feed barley68-72
    July old-crop OSR115-119
    Harvest OSR105-107
    Harvest feed wheat68-70
    November feed wheat72-74
    June 2000 feed wheat80

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

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