Currencies and grain trading


14 April 1998


Currencies and grain trading


Tuesday, 14 April, 1998

  • £1=DM3.039 / FFr10.188 / $1.666

  • French FOB spot wheat value: FFr 742.50 (£ 72.87)

  • Chicago May wheat at close: $3.00 (£ 66.08)



Futures:


THE Bank of England confirmed no immediate change in base rate on Thursday, and the market drifted lower as the Bank Holiday approached. Good growing conditions in the USA and the UK could possibly trigger lower levels.





Prices at Thursdays
wheat futures close:


MONTH Close Change
MAY 72.80 -0.45
JULY 74.75 -0.50
SEP 74.00 -0.80
NOV 76.00 -0.80
JAN 78.00 -0.80
MAR 80.00 -0.80

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





    April Class 1 milling100/102
    April feed wheat66/68
    April feed barley68/70
    Harvest feed wheat67/69




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

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