Currencies and grain trading


23 June 1998


Currencies and grain trading


Tuesday, 23 June, 1998

  • £1=DM3.00 / FFr10.058 / $1.672

  • French FOB spot wheat value: FFr 690 (£ 68.60)

  • Chicago July wheat at close: $2.86 (£ 62.77)



OLD-CROP wheat trading is becoming more of a game each day, with both longs and shorts trying to manipulate the market to their advantage. New-crop reacted to stronger Sterling but, with levels almost at contract lows and several consumers looking to take small amounts of cover, it should not fall too far in the short term.





Prices at Mondays
wheat futures close:


MONTH Close Change
JUL 77.25 -1.75
SEP 73.00 -0.25
NOV 75.00 -0.25
JAN 77.00 -0.25
MAR 79.00 -0.25
MAY 81.00 -0.25

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






    June Class 1 milling115
    June feed wheat71
    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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