Currencies and grain trading

28 July 1998

Currencies and grain trading

Tuesday, 28 July, 1998

  • £1=DM2.951 / FFr9.916 / $1.657

  • French FOB spot wheat value: FFr 720 (£ 72.60)

  • Chicago September wheat at close: $2.60 (£ 57.58)

PRICES are obviously not attractive at present and therefore very little is being sold from the farm. With the French wheat crop increasing in size by the day, the UK market does not seem likely to improve in the short term.

A Bangladeshi food aid tender comes up on 17 August, which could be the last chance for substantial exports from the UK this side of Christmas.

Prices at Mondays
wheat futures close:

MONTH Close Change
SEP 68.75 -0.50
NOV 71.00 -0.35
JAN 72.85 -0.40
MAR 74.85 -0.40
MAY 76.85 -0.40

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

    CommodityPrice range
    July Class 1 milling112-115
    July feed wheat71
    July biscuit wheat75-80
    Harvest feed wheat61
    Harvest feed barley60

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

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