Currencies and grain trading


25 June 1998


Currencies and grain trading


Thursday, 25 June, 1998

  • £1=DM3.00 / FFr10.056 / $1.671

  • French FOB spot wheat value: FFr 670 (£ 66.62)

  • Chicago July wheat at close: $2.94 (£ 64.57)



OLD-CROP wheat fell once again, although comsumers still have wheat to buy for July. New-crop appears to have found a new trading range but, with ex-farm sales still to come, we could see lower prices at harvest. Storage is still set to cause problems, with most merchants looking to store barley rather than wheat.





Prices at Wednesdays
wheat futures close:


MONTH Close Change
JUL 76.50 -1.00
SEP 73.25 +0.25
NOV 75.25 +0.25
JAN 77.25 +0.25
MAR 79.25 +0.25
MAY 81.25 +0.25

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






    June Class 1 milling115
    June feed wheat71
    June feed barley65
    Harvest feed wheat66
    Harvest barley61




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

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