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Grain market update

- 04 March 1998
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04 March 1998

Grain market update


Wednesday 4 March


UK FOB prices are now in line with other European export prices but without a buyer. March export prices look reasonable but from April on look bleak. New crop wheat still finds the odd consumer buyer but there is little farmer selling.


Chicago finished 1¢/bushel lower as market ran out of steam.

  • £1=DM 2.988 / FFr 10.018 / $ 1.652
  • French FOB spot wheat value: FFr 830.0 (£ 82.85)
  • Chicago December wheat at close: $3.28 (£ 71.47)






Prices at yesterdays
wheat futures close:

MONTH Close Change
MAR 77.25 -0.45
MAY 79.25 -0.45
JUL 81.25 -0.45
SEP 78.25 -0.35
NOV 88.25 -0.35
JAN 80.25 -0.35

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




    Class 1 milling102
    Feed wheat73
    Feed barley69




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