24 July 1998
Currencies and grain trading
Friday, 24 July, 1998
- £1=DM2.949 / FFr9.884 / $1.651
- French FOB spot wheat value: FFr 720 (£ 72.84)
- Chicago July wheat at close: $2.65 (£ 58.90)
YESTERDAY was another quiet day, with most traders waiting for news of restitutions from the EC:
217,500 tonnes of wheat at Ecu29.99/ t;
100,000 tonnes of barley at Ecu45.75/ t.
Taking the French price FOB Rouen this translates to a price of $94 FOB (£56.93).
Chicago finished 2¢ lower, again setting new contract lows.
Prices at Thursdays
wheat futures close:
| MONTH |
Close |
Change |
| SEP |
69.50 |
0.00 |
| NOV |
71.75 |
+ 0.25 |
| JAN |
73.50 |
0.00 |
| MAR |
75.50 |
0.00 |
| MAY |
77.50 |
0.00 |
|
Approximate commodity
values, £/ tonne, ex-farm:
| Commodity | Price range |
|---|
| July Class 1 milling | 112-115 |
| July feed wheat | 71-75 |
| July biscuit wheat | 75-80 |
| Harvest feed wheat | 62 |
| 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
