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Grain market update

- 23 February 1998
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23 February 1998

Grain market update


Fridays trading – 20 February 1998


A MARGINALLY weaker end to a quiet week absorbed plenty of potential export news, but all were nearby shipments. The next Bangladesh food aid tender will be on Tuesday, for 80,000 t. Some traders are now questioning UK supply-and-demand figures – is the forecast domestic usage too high?

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.

  • £1=DM 2.983 / FFr 10.00 / $ 1.635
  • French FOB spot wheat value: FFr 822.50 (£ 82.25)
  • Chicago December wheat at close: $ 3.23 (£ 71.11)






Prices at yesterdays
wheat futures close:

MONTH Close Change
MAR 78.40 -0.45
MAY 81.00 -0.25
JUL 83.00 -0.25
SEP 80.40 0.00
NOV 82.40 0.00
JAN 84.40 0.00

    Approximate commodity
    values, £/ tonne, ex-farm:




    Class 1 milling102
    Feed wheat74
    Feed barley69




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