09 July 1998
Currencies and grain trading
Thursday, 9 July, 1998
- £1=DM2.984 / FFr10.009 / $1.635
- French FOB spot wheat value: FFr 760 (£75.93)
- Chicago July wheat at close: $2.73 (£ 61.27)
OVERNIGHT strengthening of the currency could mean more selling pressure. The first barley has been cut in Essex – there are no reports of its quality yet.
Prices at Wednesdays
wheat futures close:
| MONTH |
Close |
Change |
| JUL |
74.75 |
-0.25 |
| SEP |
69.90 |
+ 0.15 |
| NOV |
71.90 |
+ 0.15 |
| JAN |
73.85 |
+ 0.25 |
| MAR |
75.75 |
+ 0.25 |
| MAY |
77.85 |
+ 0.35 |
| Approximate commodity
values, £/ tonne, ex-farm:
| July Class 1 milling | 112-115 |
| July feed wheat | 70-72 |
| July biscuit wheat | 75-80 |
| Harvest feed wheat | 64-66 |
| Harvest feed barley | 60-61 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
