Currencies and grain trading


14 July 1998


Currencies and grain trading


Tuesday, 14 July, 1998

  • £1=DM2.951 / FFr9.891 / $1.639

  • French FOB spot wheat value: FFr 760 (£ 76.83)

  • Chicago July wheat at close: $2.66 (£ 59.56)





Softer sterling pushed new crop futures higher. With buyers keeping away from the market, there will be further losses before prices improve. One shipper said: “If sterling fell to DM 2.7, it would make very little difference, there are no buyers”.





Prices at yesterdays
wheat futures close:


MONTH Close Change
JUL 75.50 -0.30
SEP 71.15 +0.65
NOV 73.15 +0.65
JAN 75.00 +0.65
MAR 77.00 +0.65
MAY 79.00 +0.65

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







    July Class 1 milling112-115
    July feed wheat70-72
    July biscuit wheat75-80
    Harvest feed wheat64-66




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

  • FEBRUARY
    7

    Farmers Weekly Awards Show

    Join us for a week-long extravaganza to celebrate the farming heroes and achievements of 2020 and announce the winners of the Farmers Weekly Awards. Countryfile presenter Adam Henson will host five nights of entertainment in 20-minute programmes filmed all over the country. He'll be joined by a host of farming celebrities and feature a special appearance by HRH Prince Charles.
    Find out more
    See more