Currencies and grain trading


15 May 1998


Currencies and grain trading


Friday, 15 May, 1998

  • £1=DM2.905 / FFr9.74 / $1.632

  • French FOB spot wheat value: FFr 720 (£ 73.92)

  • Chicago July wheat at close: $3.04 (£ 69.36)



Brussels granted restitutions of:
1,500 t wheat at Ecu21.7
20,000 t barley at Ecu53.74
4,000 t oats at Ecu44.9.
This valued French wheat at about $113 FOB June.


Old-crop futures fell dramatically yesterday as demand vanished for UK feed wheat, currently £3 more expensive than French. The only demand for wheat is from biscuit millers looking to top-up with good Riband, Consort and Brigadier. These three are now commanding a £3/ tonne
premium, but perhaps not for long – Soissons has been reported as in ear in Kent.





Prices at Wednesdays
wheat futures close:


MONTH Close Change
MAY 76.50 -1.50
JULY 77.90 -1.50
SEP 78.00 0.00
NOV 80.00 0.00
JAN 82.00 0.00
MAR 84.00 0.00

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





    May Class 1 milling114
    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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