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Currencies and grain trading

- 18 June 1998
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18 June 1998

Currencies and grain trading


Thursday, 18 June, 1998

  • £1=DM2.973 / FFr9.968 / $1.665

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

  • Chicago July wheat at close: $2.83 (£ 62.37)



THE market still looks weak on new-crop, with very little buying interest from consumers – even contract lows will not tempt them. The US market rose 6¢/bushel yesterday as fund shorts began covering their positions on the news of support from Washington for the Yen.





Prices at Wedneesdays
wheat futures close:


MONTH Close Change
JUL 75.00 + 0.25
SEP 73.50 -0.25
NOV 75.50 -0.25
JAN 77.50 -0.25
MAR 79.50 -0.25
MAY 81.50 -0.25

    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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