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Currencies and grain trading

- 19 May 1998
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19 May 1998

Currencies and grain trading


Tuesday, 19 May, 1998

  • £1=DM2.894 / FFr9.71 / $1.623

  • French FOB spot wheat value: FFr 710 (£ 73.12)

  • Chicago July wheat at close: $3.02 (£ 68.28)



OLD-CROP futures drifted once again as UK wheat was still priced £3 over French and the French market was still falling. There were more reports of Soissons in ear, which would give a combining date of around 23 July.





Prices at Mondays
wheat futures close:


MONTH Close Change
MAY 75.60 -0.90
JULY 77.00 -0.75
SEP 78.00 -0.25
NOV 80.00 -0.25
JAN 82.00 -0.25
MAR 84.00 -0.25

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






    May Class 1 milling113
    May feed wheat72
    May feed barley70/72
    Harvest feed wheat70
    Harvest barley66




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

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