Currencies and grain trading


27 April 1998


Currencies and grain trading


Monday, 27 April, 1998

  • £1=DM2.993 / FFr10.030 / $1.669

  • French FOB spot wheat value: FFr 745.00 (£ 74.27)

  • Chicago May wheat at close: $2.95 (£ 64.86)



Futures:


FRIDAY saw a very quiet end to a firmer week, with values increasing by £2 per tonne from Monday. One or two vessels presented themselves for immediate shipments, but overall the outlook for May-July has not changed. However, with sufficient shorts on the domestic market, values may remain steady for a few days.


Several flour-millers have now turned to Germany for May-July supplies as UK values for Class 1 and 2 milling wheats have increased by up to £10 per tonne over the past few weeks.





Prices at Fridays
wheat futures close:


MONTH Close Change
MAY 76.90 + 0.40
JULY 79.00 + 0.50
SEP 76.25 + 0.25
NOV 78.25 + 0.25
JAN 80.25 + 0.25
MAR 82.25 + 0.25

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





    April Class 1 milling108/112
    April feed wheat70/72
    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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