Grain market update
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
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 milling 102
Feed wheat 74
Feed barley 70
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