Currencies and grain trading
25 June 1998
Currencies and grain trading
Thursday, 25 June, 1998
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 milling 115
June feed wheat 71
June feed barley 65
Harvest feed wheat 66
Harvest barley 61