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Currencies and grain trading

- 04 September 1998
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  • £1=DM2.906 / FFr9.74/ $1.672

  • French FOB spot wheat value: FFr 765.00 (£ 78.54)

  • Chicago September wheat at close: $2.44 (£ 53.55)


STERLING fell below DM2.90 yesterday and futures increased slightly in value following the trend of recent days. Consumers are now looking to buy October wheat but, with few sellers, this will be difficult. Brussels rejected all bids for wheat at yesterdays meeting, but granted 39,540t of barley at Ecu63.95/t.







Prices at Thursdays
wheat futures close:


MONTH Close Change
SEP 70.75 + 0.30
NOV 72.40 + 0.30
JAN 74.40 + 0.50
MAR 75.90 + 0.30
MAY 78.00 + 0.30

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








    CommodityPrice
    September Class 1 milling wheat83-84
    September Class 2 milling wheat74
    September Soissons77-78
    September feed wheat65-66
    September feed barley64-66




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


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