Currencies and grain trading


01 June 1998


Currencies and grain trading


Monday, 1 June, 1998

  • £1=DM2.901 / FFr9.736 / $1.629

  • French FOB spot wheat value: FFr 705 (£ 72.41)

  • Chicago July wheat at close: $2.84 (£ 63.98)



FRIDAY saw a quiet end to the week, with merchants locking in spreads on new-crop against consumers fixing supply contract prices.


French intervention offers have now reached 3,339,006 t, including 982,968 t of wheat, 1,735,682 t of barley and 572,012 t of maize.


OSR prices are still falling and harvest could soon trade below £150 ex-farm.





Prices at Fridays
wheat futures close:


MONTH Close Change
JUL 76.00 -0.30
SEP 76.45 + 0.30
NOV 78.45 + 0.30
JAN 80.45 + 0.30
MAR 82.45 + 0.30
MAY 84.45 + 0.30

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






    June Class 1 milling115
    June feed wheat71
    June feed barley68
    Harvest feed wheat67
    Harvest barley63




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

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