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Currencies and grain trading

- 06 May 1998
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06 May 1998

Currencies and grain trading


Wednesday, 6 May, 1998

  • £1=DM2.943 / FFr9.87 / $1.659

  • French FOB spot wheat value: FFr 720 (£ 72.94)

  • Chicago July wheat at close: $3.09 (£ 68.35)



WEAKNESS in Sterling pushed new-crop values £1/ tonne higher, unlike old crop, the prices of which are now a matter of supply and demand.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
MAY 76.60 + 0.10
JULY 79.10 + 0.10
SEP 76.30 + 1.30
NOV 78.30 + 1.30
JAN 80.30 + 1.30
MAR 82.30 + 1.30

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






    May Class 1 milling113
    May feed wheat72
    May feed barley70/72
    Harvest feed wheat70
    Harvest OSR152




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

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