Currencies and grain trading
29 April 1998
Currencies and grain trading
Wednesday, 29 April, 1998
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 milling 112
May feed wheat 72
May feed barley 70/72
Harvest feed wheat 70