Grain market update


06 March 1998


Grain market update


Friday 6 March


The EU awarded the following restitutions – Wheat 214,000 – 18.93 max Ecus , Oats – 21,200 – 33.95 max Ecus.
Sterling fell after interest rates remained unchanged. It rallied later following news that German rates would not increase. Amounts of unsold farm grain and lack of fresh demand dominate the market although consumers are thought to be largely uncovered for April – June.

  • £1=DM 2.998 / FFr 10.050 / $ 1.637
  • French FOB spot wheat value: FFr 835.0 (£ 83.08)
  • Chicago December wheat at close: $3.35 (£ 73.72)






Prices at yesterdays
wheat futures close:

MONTH Close Change
MAR 76.5 0.00
MAY 78.50 0.00
JUL 80.50 0.00
SEP 77.90 +0.40
NOV 79.9 +0.40
JAN 81.90 +0.40

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




    Class 1 milling101
    Feed wheat73
    Feed barley69




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