Currencies and grain trading
20 May 1998
Currencies and grain trading
Wednesday, 20 May, 1998
OLD-CROP futures fell once again as the fundamentals hit home – UK grain is too expensive compared with French. French analysts predict the UK market to fall by a further £4/5 per tonne and, if this happens, it could pressure
harvest prices
Prices at Tuesdays
wheat futures close:
MONTH
Close
Change
MAY
74.50
-1.10
JULY
75.65
-1.35
SEP
76.75
-1.25
NOV
78.75
-1.25
JAN
80.75
-1.25
MAR
82.75
-1.25
Approximate commodity
values, £/ tonne, ex-farm:
May Class 1 milling 113
May feed wheat 71
May feed barley 68
Harvest feed wheat 70
Harvest barley 65
See more