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Grain futures and currencies

- 14 July 1999
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  • Euro1=£0.652

  • £1=DM2.998 / FFr10.052 / US$1.556 /Euro1.533

  • FOB Rouen August wheat value: FFr745 (£74.11)

  • Chicago July wheat at close: $2.32 (£54.71)

  • The US Department of Agriculture has increased its forecast for US winter wheat crop by just over 1 million tonnes and also increased forecast for China by 6 million tonnes to 112 mln tonnes. Early barley premiums are no longer available and early wheat premium is falling away.

Wheat futures – closing prices:

MONTH Close Change
JUL 84.00 +0.50
SEP 74.20 -0.05
NOV 75.7 -0.05
JAN 77.50 unchanged
MAR 79.00 unchanged
MAY 80.75 unchanged

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

    CommodityPrice
    July feed wheat80-82
    July feed barley66-67
    July Class 1 milling wheat86-90
    July Class 2 milling wheat83-89
    June SoissonsNot needed
    Harvest 1999 feed wheat68-70

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

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