Currencies and grain trading


08 June 1998


Currencies and grain trading


Monday, 8 June, 1998

  • £1=DM2.90 / FFr9.724 / $1.632

  • French FOB spot wheat value: FFr 710 (£ 73.01)

  • Chicago July wheat at close: $2.79 (£ 62.74)



THERE was no interest in the market on Friday. Consumers are still keeping a close eye on new-crop values, and will probably buy on the first weather scare.


The set-aside rate for next season is to be proposed at 12%, according to several sources. This will not be good news for growers, traders and suppliers of seed, fertiliser and chemicals.





Prices at Fridays
wheat futures close:


MONTH Close Change
JUL 75.00 -0.50
SEP 76.75 + 0.15
NOV 78.75 + 0.15
JAN 80.75 + 0.15
MAR 82.75 + 0.15
MAY 84.75 + 0.15

    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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