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Currencies and grain trading

- 11 June 1998
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11 June 1998

Currencies and grain trading


Thursday, 11 June, 1998

  • £1=DM2.927 / FFr9.82 / $1.629

  • French FOB spot wheat value: FFr 720 (£ 73.31)

  • Chicago July wheat at close: $2.78 (£ 62.63)



THE market reacted to the strength of Sterling and, at one stage, new-crop traded down £1.35/ tonne.


French cereals office ONIC yesterday revised its forecast for 30 June EU intervention stocks. Total intervention stocks are now forecast to rise to 14.7 million tonnes v 2.4m last year.





Prices at Wednesdays
wheat futures close:


MONTH Close Change
JUL 73.25 -1.10
SEP 74.75 -1.15
NOV 77.15 -0.75
JAN 79.15 -0.75
MAR 81.15 -0.75
MAY 83.15 -0.75

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






    June Class 1 milling115
    June feed wheat70
    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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