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Currencies and grain trading

- 17 June 1998
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17 June 1998

Currencies and grain trading


Wednesday, 17 June, 1998

  • £1=DM2.968 / FFr9.968 / $1.653

  • French FOB spot wheat value: FFr 695 (£ 69.72)

  • Chicago July wheat at close: $2.77 (£ 61.49)



FUTURES attempted to rise as Sterling remained unchanged, but soon came under pressure as the Pound strengthened. Very little business is being transacted at present as both farmers and consumers are waiting for the weather to improve.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
JUL 74.75 -0.25
SEP 73.75 -0.40
NOV 75.75 -0.40
JAN 77.75 -0.40
MAR 79.75 -0.40
MAY 81.75 -0.40

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






    June Class 1 milling115
    June feed wheat70
    June feed barley65
    Harvest feed wheat66
    Harvest barley62




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

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