Grain market update


12 September 1997


Grain market update


Fridays trading – 12 September 1997

Brussels has granted 162,000 mts free market soft wheat restitutions at zero tax. 1996/97 final export figures – wheat 4,567,062 mts, barley 2,086,352 mts.

Market still following currency but difficult to sell lower quality wheat – 68kgs offered at £83 FOB Sept. Port allowances are now -£1 / kg to 70 kgs and -£2 / kg thereafter. Compounders very reluctant to take below 70kgs at present.

Spot wheat is valued at £80 / £87 ex farm depending on the variety and quality. Spot milling wheat is valued at £106 / £110 ex farm, depending on location. Spot O.S.R is valued around £152 / £154 ex farm, depending on location.

  • £1=DM 2.845 / FFr 9.553 / $ 1.597
  • French FOB spot wheat value: FFr 887.50 (£ 92.90)
  • Chicago September wheat at close: $ 3.76 (£ 84.75)
  • Prices at yesterdays wheat futures close:

MONTH Close Change
JUL 0.00 0.00
SEP 87.00 0.00
NOV 88.25 + 0.50
JAN 90.10 + 0.50
MAR 92.10 + 0.50
MAY 94.10 + 0.50




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

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