Currencies and grain trading


22 April 1998


Currencies and grain trading


Wednesday, 22 April, 1998

  • £1=DM2.994 / FFr10.037 / $1.679

  • French FOB spot wheat value: FFr 745.00 (£ 74.22)

  • Chicago May wheat at close: $3.04 (£ 66.44)



Futures:


FURTHER weakness in Sterling pushed futures higher once again and, with very little farm selling, most buyers are a little frustrated. Having seen a rise of almost £5 per tonne, some are suggesting
prices could soon ease off, but Sterling still needs to be watched.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
MAY 76.10 + 0.80
JULY 78.10 + 0.80
SEP 76.00 + 0.60
NOV 78.00 + 0.60
JAN 80.00 + 0.60
MAR 82.00 + 0.60

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





    April Class 1 milling106/109
    April feed wheat69/70
    April feed barley70/72
    Harvest feed wheat68/70




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

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