Grain market update
15 September 1997
Grain market update
Fridays trading – 12 September 1997
THE end of last week was very quiet. There was good news for growers with lower-kilo wheats, as small demand for shipments of 68kgs November onwards has emerged. Fallbacks: less £1/kg to 70kgs, less further £2/kg below. Start price was around £83 per tonne ex-farm.
Good premiums were still available for high-kilo Riband, Consort, Brigadier and Reaper – £90 October. One miller was looking to trial a load of Equinox this month – 10% protein , 180 Hag , 75kgs.
Both Allied and Dalgety have published their crop estimates, giving wheat figures of 14.8 and 15.04 million tonnes respectively, comp[arted with 16.2 million last year.
Class 1 milling wheat was in demand – £110 Sept v £111 November.
Spot oilseed rape was valued at £152-154 ex-farm.
Spot barley was valued at £72-75, depending on location.
| MONTH | Close | Change |
|---|---|---|
| JUL | 0.00 | 0.00 |
| SEP | 87.00 | 0.00 |
| NOV | 88.25 | 0.00 |
| JAN | 90.25 | + 0.15 |
| MAR | 92.25 | + 0.15 |
| MAY | 94.25 | + 0.15 |