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Grain market update

- 26 February 1998
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26 February 1998

Grain market update


Wednesdays trading – 25 February 1998


THE UK market looked weaker from the off as news filtered through that one of the original Bangladeshi sales will now be shipped from Denmark rather than UK. There was still no news of Tuesdays tender to Bangladesh. Barley shipments for February are not being executed at present.

Chicago finished 2¢/bushel lower, with persistent reminders of ample world wheat supplies.

Jordan purchased 50,000 t of optional-origin wheat yesterday for March shipment at around $142.60 C&F.

  • £1=DM 2.984 / FFr 10.00 / $ 1.643
  • French FOB spot wheat value: FFr 805.00 (£ 80.50)
  • Chicago December wheat at close: $ 3.18 (£ 69.67)






Prices at yesterdays
wheat futures close:

MONTH Close Change
MAR 78.75 -0.50
MAY 80.90 -0.65
JUL 83.00 -0.60
SEP 79.85 -0.30
NOV 81.85 -0.30
JAN 85.85 -0.30

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






    Class 1 milling102
    Feed wheat74
    Feed barley70




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