Currencies and grain trading


29 April 1998


Currencies and grain trading


Wednesday, 29 April, 1998

  • £1=DM2.994 / FFr10.030 / $1.667

  • French FOB spot wheat value: FFr 740.00 (£ 73.77)

  • Chicago May wheat at close: $3.00 (£ 64.78)



Futures:


ONE or two vessels are presenting themselves for immediate shipment, but overall the outlook for May-July has not changed. We are now entering the period when farm estimates are either too low or too high; it could be an even bigger problem this year, with bushels covering a greater range than last.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
MAY 77.80 + 0.70
JULY 79.60 + 0.50
SEP 75.75 -0.25
NOV 77.75 -0.25
JAN 79.75 -0.25
MAR 81.75 -0.25

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





    May Class 1 milling112
    May feed wheat72
    May feed barley70/72
    Harvest feed wheat70




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

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