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Currencies and grain trading

- 20 May 1998
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20 May 1998

Currencies and grain trading


Wednesday, 20 May, 1998

  • £1=DM2.890 / FFr9.695 / $1.625

  • French FOB spot wheat value: FFr 705 (£ 72.71)

  • Chicago July wheat at close: $2.98 (£ 67.30)



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 milling113
    May feed wheat71
    May feed barley68
    Harvest feed wheat70
    Harvest barley65




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

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