Currencies and grain trading


05 May 1998


Currencies and grain trading


Tuesday, 5 May, 1998

  • £1=DM2.97 / FFr9.96 / $1.667

  • French FOB spot wheat value: FFr 732.50 (£ 73.54)

  • Chicago May wheat at close: $3.03 (£ 66.70)



THE market opened weaker on Friday, with sellers on both the FOB and the delivered markets. This pushed futures down 75p in the morning session, but soon after lunch Sterling fell and buyers forced futures to 50/75p up on the day.


France has now accepted offers of 2,325,7356 tonnes of grain into Intervention, including 335,541 tonnes of wheat and 1,526,367 tonnes of barley.





Prices at Fridays
wheat futures close:


MONTH Close Change
MAY 76.50 + 0.50
JULY 79.00 + 0.50
SEP 75.00 + 0.60
NOV 77.00 + 0.60
JAN 79.00 + 0.60
MAR 81.00 + 0.60

    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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