Grain market update
02 September 1997
Grain market update
Mondays trading – 1 September 1997
THERE was a very quiet start to the week, with very little combining done over the weekend. In parts of North Lincolnshire and Yorkshire there is still 40% to cut, and reports of grains growing in the ear are now being received.
The market could move either way at present – down due to poorer quality and the loss of export tonnage to date, or up on the back of lower yields. Probably the former is more likely in the short term as prices must be lowered to find a buyer for poorer-quality wheats.
September feed wheat was valued at £80-83/t ex-farm, depending on quality and location. High-hag, high-kilo, low-protein Consort/Riband could command a further premium in the spot market, making it the same value as November wheat ex-farm. September barley was valued at £71-74 depending on location.
| MONTH | Close | Change |
|---|---|---|
| JUL | 0.00 | 0.00 |
| SEP | 85.30 | -0.45 |
| NOV | 86.75 | -0.60 |
| JAN | 88.75 | -0.60 |
| MAR | 90.75 | -0.60 |
| MAY | 92.75 | -0.50 |