Grain markets shadow Sterling

By FWi staff

STERLING continued to be the main influence on UK grain prices this week, as the market quietened in the run-up to harvest.

All new-crop futures trading on Londons LIFFE market yesterday (Wednesday) ended up higher as Sterling continued to fall. At the close of play, the Pound had slipped to DM2.903 against the Deutschmark.

New-crop wheat contracts for all months gained 25p to £76.25 (September), £78.50 (November), £80.50 (January 99), and £82.50 (March 99).
New-crop barley futures also rose by 25p. Contracts are worth £75.25 (November), £77.25 (January 99), and £79.25 (March 99).