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26 August 1997 GRAIN MARKET UPDATE _ MONDAYS TRADING – 25 AUGUST 1997_ WITH Sterling hovering low for the week and profit-takers evident, UK wheat futures showed no signs of weakening.
Sufficient spot wheat is now keeping consumers happy ,but very little forward grain coming to market will stop the spot market falling too far, if at all. Spot wheat is now valued at
£78/£80/t, with barley being valued around £70/t. Class 1 milling wheat is valued at around £100/t ex-farm. Chicago finished lower on Monday as indications showed export demand was slowing.
Oilseed Rape prices have risen £15- £20 since harvest lows, with a large crop still to come to market – selling will have to be cautious. * £1=DM 2.924 / FFr 9.850 / $ 1.608 * French FOB
spot wheat value: FFr 890.00 (£ 90.36) * Chicago September wheat at close: $ 3.65 (£ 81.72) * Prices at yesterdays wheat futures close: MONTH CLOSE CHANGE JUL 0.00 0.00 SEP 85.50 + 0.40 NOV
88.25 + 0.50 JAN 90.25 + 0.50 MAR 92.25 + 0.50 MAY 94.25 + 0.50 _Information provided by BDR AGRICULTURE LTD, HARVEST HOUSE, 64 NORTH STREET, BOURNE, LINCOLNSHIRE PE10 9AJ– click here for
further details_