Currencies and grain prices


01 April 1998


Currencies and grain prices


Tuesday, 31 March, 1998

  • £1=DM3.090 / FFr10.350 / $1.673

  • French FOB spot wheat value: FFr 775.00 (£ 74.87)

  • Chicago May wheat at close: $3.19 (£ 68.64)



Futures:


STERLING was very steady yesterday morning at over DM3.10, resulting in early losses of 50p / tonne. However, profit-takers entered the market and bought reasonable volumes from first-hand sellers (April/May) and speculators (June/July). This, coupled with a slight fall in Sterling and an anticipated firmer market in Chicago, was sufficient to close the futures market unchanged to marginally higher. Later on, French and Chicago markets both closed lower.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
MAY 72.25 0.00
JULY 74.25 0.00
SEP 75.00 + 0.40
NOV 77.00 + 0.40
JAN 79.00 + 0.40
MAR 81.00 + 0.40

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





    April Class 1 milling100/102
    April feed wheat66/68
    April feed barley68/70
    Harvest feed wheat67/69




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

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