Currencies and grain prices
31 March 1998
Currencies and grain prices
Monday, 30 March, 1998
New-crop Class 2 premium is £4-5/ tonne
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 milling 100
March feed wheat 66/68
March feed barley 66
Harvest feed wheat 66/67