Currencies and grain trading

21 July 1998

Currencies and grain trading

Tuesday, 21 July, 1998

  • £1=DM2.936 / FFr9.851 / $1.647

  • French FOB spot wheat value: FFr 770 (£ 78.16)

  • Chicago July wheat at close: $2.68 (£ 59.71)

MONDAY was a quieter day than expected, with very few barleys ready to move. Yields reported to date are mixed, and a better picture will develop over the next few days when parcels have been completed. OSR is now moving, mainly to stores, with anticipated pressure on movement still to come.

Chicago finished marginally higher with yesterdays news of wheat “donations” to needy countries. This will surely limit exports from other nations such as Argentina and Australia.

Prices at Mondays
wheat futures close:

MONTH Close Change
SEP 71.20 -0.40
NOV 73.20 -0.40
JAN 75.20 -0.40
MAR 77.20 -0.40
MAY 79.20 -0.40

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

    July Class 1 milling112-115
    July feed wheat70-72
    July biscuit wheat75-80
    Harvest feed wheat64-66
    Harvest feed barley60-61

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

  • See more