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Currencies and grain prices

- 25 March 1998
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25 March 1998

Currencies and grain prices


Tuesday, 25 March, 1998

  • £1=DM3.056 / FFr10.241 / $1.672

  • French FOB spot wheat value: FFr 790.00 (£ 77.14)

  • Chicago May wheat at close: $3.31 (£ 71.26)



AT first the futures traded 75p down, then 15p up, and finally they collapsed as shippers took comfort from the strength of Sterling.


New crop wheat is being sold aggressively CIF, and it is hard to see where barley will find a home – probably in Intervention





Prices at Tuesdays
wheat futures close:

MONTH Close Change
MAY 72.35 -1.40
JULY 74.50 -1.25
SEP 74.00 -1.00
NOV 76.00 -1.00
JAN 78.00 -1.00
MAR 80.00 -1.00

    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

  • Read and respond to grain-business issues in the BCE Forum on FWi – Click here

    • See more