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Currencies and grain trading

- 23 July 1998
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23 July 1998

Currencies and grain trading


Thursday, 23 July, 1998

  • £1=DM2.941 / FFr9.87 / $1.642

  • French FOB spot wheat value: FFr 750 (£ 76.08)

  • Chicago July wheat at close: $2.67 (£ 59.67)


UK futures finished at, or just below, contract lows following the French market, which fell £1.50/ tonne on the back of an ever-increasing crop forecast. This forecast has risen to 37-38 million tonnes v 33m tonnes five weeks ago. Good weather is now pushing early-August premiums lower.


Chicago finished 6¢ lower, setting new contract lows.





Prices at Wednesdays
wheat futures close:


MONTH Close Change
SEP 69.50 -1.15
NOV 71.50 -1.35
JAN 73.50 -1.25
MAR 75.50 -1.15
MAY 77.50 -1.15

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









    CommodityPrice range
    July Class 1 milling112-115
    July feed wheat71-75
    July biscuit wheat75-80
    Harvest feed wheat62
    Harvest feed barley60-61




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

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