Grain market update
20 February 1998
Grain market update
Thursdays trading – 19 February 1998
THE EU granted the following restitutions to non-EU countries:
- Wheat: 220,500 t at Ecu18.97
- Barley: 41,500 t at Ecu30.97
- Oats: 42,000 t at Ecu32.80 (from Finland and Sweden)
Tunisia bought 75,000 t of wheat, 50,000 t of it from France.
UK OSR prices remain firm, with some export business done and little left on farms. Interestingly, the UK crusher seems not to be buying old crop because prices are now too high.
Prices at yesterdays
wheat futures close:
MONTH
Close
Change
MAR
78.85
-0.85
MAY
81.25
-0.55
JUL
83.25
-0.55
SEP
80.40
-0.35
NOV
82.40
-0.35
JAN
84.40
-0.35
Approximate commodity
values, £/ tonne, ex-farm:
Class 1 milling 103
Feed wheat 74
Feed barley 69
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