Currencies and grain trading
14 May 1998
Currencies and grain trading
Thursday, 14 May, 1998
WEDNESDAY was another flat day on the grain markets, with a firmer Pound pushing futures marginally down. There wasood consumption interest for June-August, but ex-farm supplies were slow in coming forward. This is a similar pattern to last year, when values rose before falling dramatically in the July position.
Barley has been reported as fully in ear in Norfolk, giving an approximate harvesting date of 8 July – weather permitting.
Prices at Wednesdays
wheat futures close:
MONTH
Close
Change
MAY
78.00
-0.75
JULY
79.40
-0.75
SEP
78.00
-0.15
NOV
80.00
-0.15
JAN
82.00
-0.15
MAR
84.00
-0.15
Approximate commodity
values, £/ tonne, ex-farm:
May Class 1 milling 113
May feed wheat 72
May feed barley 70/72
Harvest feed wheat 70