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Grain market update

- 02 March 1998
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02 March 1998

Grain market update


Fridays trading – 27 February 1998


With buyers for old crops scarce and the new crop imminent, wheat futures drifted to new lows.

According to one broker, there will have been more FOB sales defaults than executions last month.

March feed wheat was £74

  • £1=DM 2.989 / FFr 10.01 / $ 1.655
  • French FOB spot wheat value: FFr 805 (£ 80.36)
  • Chicago March wheat at close: $ 3.27 (£ 71.12)






Prices at Fridays
wheat futures close:

MONTH Close Change
MAR 78.40 -0.25
MAY 80.25 -0.35
JUL 82.250 -0.35
SEP 79.25 -0.75
NOV 81.25 -0.75
JAN 83.25 -0.75

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




    Class 1 milling102
    Feed wheat74
    Feed barley70




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