Currencies and grain trading


04 June 1998


Currencies and grain trading


Thursday, 4 June, 1998

  • £1=DM2.896 / FFr9.71 / $1.638

  • French FOB spot wheat value: FFr 705 (£ 72.60)

  • Chicago July wheat at close: $2.81 (£ 62.95)



OLD-CROP futures fell as buyers appeared to be covered for the remainder of the season. New-crop improved marginally as Sterling weakened slightly; perhaps there will be a follow-through today, since Sterling weakened overnight. Odd harvest coasters are trading, but interest is still limited to paper short covering against old sales.


Libya purchased 300,000 t of optional-origin barley yesterday for July onwards at approximately £48.84 FOB.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
JUL 75.00 -1.00
SEP 76.25 + 0.25
NOV 78.25 + 0.25
JAN 80.25 + 0.25
MAR 82.25 + 0.25
MAY 84.25 + 0.25

    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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