Currencies and grain trading


06 April 1998


Currencies and grain trading


Monday, 6 April, 1998

  • £1=DM3.058 / FFr10.247 / $1.659

  • French FOB spot wheat value: FFr 760.00 (£ 74.16)

  • Chicago May wheat at close: $3.11 (£ 68.79)



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 milling100/102
    April feed wheat66/68
    April feed barley68/70
    Harvest feed wheat67/69




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

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