Grain market update
10 September 1997
Grain market update
Wednesdays trading – 10 September 1997
UK futures followed sterling and fell 50p/tonne. The fall reflects the lacklustre shipping market rather than the demand by consumption in the spot month. Premiums of £4/£5 per tonne available in September and October for Biscuit wheat give a spot valuation of £85/£86 per tonne ex farm with feed wheat valued at £80/£82 per tonne ex farm.
Chicago finished slightly higher following a late rally in Soybeans and Pakistan announcing a tender for 160,000 mt US wheat next week.
| MONTH | Close | Change |
|---|---|---|
| JUL | 0.00 | 0.00 |
| SEP | 87.35 | -0.15 |
| NOV | 88.35 | -0.50 |
| JAN | 90.35 | -0.40 |
| MAR | 92.35 | -0.40 |
| MAY
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