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Currencies and grain prices

- 31 March 1998
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31 March 1998

Currencies and grain prices


Monday, 30 March, 1998

  • £1=DM3.101 / FFr10.382 / $1.677

  • French FOB spot wheat value: FFr 777.50 (£ 74.88)

  • Chicago May wheat at close: $3.25 (£ 69.76)



Futures:


PROFIT-TAKING was the order of the morning on Monday, with futures closing 75p up at lunch but, as Sterling climbed over DM3.09, the afternoon session ended on the negative side, with most buyers electing to wait rather than jump in at these levels.





Prices at Mondays
wheat futures close:


MONTH Close Change
MAY 72.25 -0.50
JULY 74.25 -0.50
SEP 74.60 -0.15
NOV 76.60 -0.15
JAN 78.60 -0.15
MAR 80.60 -0.15

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





    March Class 1 milling100
    March feed wheat66/68
    March feed barley66
    Harvest feed wheat66/67

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




  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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