Grain market update


11 March 1998


Grain market update


Wednesday 11 March


The wheat markets had been struggling to improve over
Mon/Tue morning, but as soon as the value of Sterling
went through DM3.00, values were slashed by £1.
Chicago was slightly firmer overnight on weather factors.
France is offering export credit facilities to South Korea.

  • £1=DM3.004/FFr10.671 / $1.639
  • French FOB spot wheat value: FFr 812.50 (£76.14)
  • Chicago December wheat at close: $3.47 (£76.21)






Prices at yesterdays
wheat futures close:

MONTH Close Change
MAR 75.80 -0.95
MAY 75.80 -0.95
JUL 79.90 -1.05
SEP 77.15 -0.85
NOV 79.15 -0.85
JAN na na

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




    Class 1 milling101
    Feed wheat72
    Feed barley68




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