HGCA: UK wheat prices higher
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AFTER two weeks of price falls, UK delivered wheat prices were generally 50p-1 higher in most regions. Prices were as much as 2 higher in a limited number of cases.
On LIFFE, the March wheat contract, which finished trading Friday, ended the week unchanged.
May and July ended 50p-70p lower, whilst most 2001 crop contracts ended 25p higher on the week. Around 2000 lots (200,000 tonnes) were traded.
- Euro recovers over week
THE Euro traded as high as 63.1p midweek from 62.5p the previous Friday. However, by last Friday (23 March), it had lost midweek gains to trade at 62.6p.
This meant that May and July LIFFE wheat futures, expressed in Euros, ended the week around
1/t lower. The small increase in new-crop sterling prices meant that, in Euros, new-crop prices were close to unchanged.
1 = 62.31p, 1 = 1.605 on 26 March
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Taken from HGCA weekly MI Bulletin To contact the HGCA phone 020 7520 3972 Click here to visit the Home-Grown Cereals Authority |