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Currencies and grain trading

- 22 September 1998
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  • £1=DM2.842 / FFr9.527 / $1.678

  • FOB Rouen spot wheat value: FFr 735.00 (£ 77.14)

  • Chicago December wheat at close: $2.70 (£ 59.05)


THE week started very quietly, with futures initially 35p up, but soon finding sellers willing to push levels below unchanged. The US market was slightly steadier yesterday, with the approval of a $7.1 billion farm aid package and a few sizeable tenders over the next week.







Prices at Mondays
wheat futures close:


MONTH Close Change
SEP 71.25 -0.25
NOV 72.25 -0.25
JAN 74.20 -0.20
MAR 76.20 -0.20
MAY 77.90 -0.10

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









    CommodityPrice
    October Class 1 milling wheat88-90
    October Class 2 milling wheat78-80
    October Soissons82-84
    October feed wheat68-70
    October feed barley67-70
    Harvest 1999 feed wheat73




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


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