Grain market update


09 March 1998


Grain market update


Monday 9 March


The market seems to have found a level and without fundamental changes we cannot foresee any major rallies. New crop followed old last week and consumers bought 5/10% pre-Christmas as it was £10 below last years first purchases.

  • £1=DM 3.002 / FFr 10.057 / $ 1.638
  • French FOB spot wheat value: FFr 812.50 (£ 80.78)
  • Chicago December wheat at close: $3.35 (£ 72.74)






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 77.75 -0.15
NOV 79.75 -0.15
JAN 81.90 -0.15

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




    Class 1 milling101
    Feed wheat74
    Feed barley69




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