09 June 1998
Currencies and grain trading
Tuesday, 9 June, 1998
- £1=DM2.904 / FFr9.73 / $1.633
- French FOB spot wheat value: FFr 717.50 (£ 73.74)
- Chicago July wheat at close: $2.75 (£ 61.80)
THE United States Department of Agriculture reports that 9% of wheat has now beeen harvested, with yields good-to-excellent.
- Mississippi: 53% harvested
- Arkansas: 31% harvested
- Oklahoma: 28% harvested.
Chicago set a new five-year low yesterday and closed just 4¢/bushel off the seven-year low of $2.71/bushel.
Click here for Chicago Board of Trade latest wheat price
Prices at Mondays
wheat futures close:
| MONTH |
Close |
Change |
| JUL |
74.85 |
-0.15 |
| SEP |
76.50 |
-0.25 |
| NOV |
78.50 |
-0.25 |
| JAN |
80.50 |
-0.25 |
| MAR |
82.50 |
-0.25 |
| MAY |
84.50 |
-0.25 |
|
Approximate commodity
values, £/ tonne, ex-farm:
| June Class 1 milling | 115 |
| June feed wheat | 71 |
| June feed barley | 68 |
| Harvest feed wheat | 67 |
| Harvest barley | 63 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
