Currencies and grain trading
06 April 1998
Currencies and grain trading
Monday, 6 April, 1998
Futures:
FRIDAY was another nervous day, with further losses in Sterling prompting short covering in what has been a relatively firm weeks trading.
Egypt has confirmed this morning it has purchased 250,000 t of French wheat at $116.80/ t for May/June delivery.
The AWB this morning ended weeks of speculation by announcing that it had sold 1.5 million tonnes of wheat to India.
Prices at Fridays
wheat futures close:
MONTH
Close
Change
MAY
74.50
+ 0.25
JULY
76.60
+ 0.35
SEP
76.50
+ 0.30
NOV
78.50
+ 0.30
JAN
80.50
+ 0.30
MAR
82.50
+ 0.30
Approximate commodity
values, £/ tonne, ex-farm:
April Class 1 milling 100/102
April feed wheat 66/68
April feed barley 68/70
Harvest feed wheat 67/69