Currencies and grain trading


23 April 1998


Currencies and grain trading


Thursday, 23 April, 1998

  • £1=DM2.990 / FFr10.200 / $1.666

  • French FOB spot wheat value: FFr 745.00 (£ 73.04)

  • Chicago May wheat at close: $3.04 (£ 65.69)



Futures:


THE market was very flat yesterday, with domestic business underpinned by spot buyers, yet futures drifting slightly lower. With Sterling easier overnight and looking to stay below DM3.00, the currency should encourage buyers this morning.





Prices at Wednesdays
wheat futures close:


MONTH Close Change
MAY 75.75 -0.35
JULY 77.85 -0.25
SEP 75.60 -0.40
NOV 77.60 -0.40
JAN 79.60 -0.40
MAR 81.60 -0.40

    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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