Grain market update


19 March 1998


Grain market update


Wednesday 18 March, 1998


WITH the continued strength of Sterling, futures closed 50p-85p down. The knock-on effect has been seen on new-crop grains with values for November feed wheat around £74-75/ tonne ex-farm, depending on location.


French Intervention offers now exceed a million tonnes, which includes 821,000 t of barley and 15,000 t of soft wheat.


Chicago finished approx. 4¢/bushel lower in late trading.

  • £1=DM 3.05 / FFr 10.224 / $ 1.669
  • French FOB spot wheat value: FFr 807.50 (£ 78.98)
  • Chicago December wheat at close: $3.35 (£ 72.25)






Prices at Fridays
wheat futures close:

MONTH Close Change
MAR 74.15 -0.70
MAY 76.00 -0.85
JUL 78.00 -0.85
SEP 76.76 -0.50
NOV 78.75 -0.50
JAN 80.75 -0.50

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





    March Class 1 milling101
    March feed wheat70
    March feed barley66
    Harvest feed wheat70/71

    New-crop Class 2 premium is £4-5/ tonne




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