Currencies and grain trading

14 May 1998

Currencies and grain trading

Thursday, 14 May, 1998

  • £1=DM2.893 / FFr9.704 / $1.627

  • French FOB spot wheat value: FFr 720 (£ 74.19)

  • Chicago July wheat at close: $3.06 (£ 69.02)

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 milling113
    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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