29 July 1998
Currencies and grain trading
Wednesday, 29 July, 1998
- £1=DM2.917 / FFr9.78 / $1.649
- French FOB spot wheat value: FFr 720 (£ 73.61)
- Chicago September wheat at close: $2.56 (£ 56.97)
FOLLOWING the CBIs report of a slowing-down in UK manufacturing, Sterling weakened and UK futures firmed. Market fundamentals have not changed and last night Chicago set new seven-year lows.
Prices at Tuesdays
wheat futures close:
| MONTH |
Close |
Change |
| SEP |
69.60 |
+ 0.85 |
| NOV |
71.60 |
+ 0.60 |
| JAN |
73.60 |
+ 0.85 |
| MAR |
75.50 |
+ 0.65 |
| MAY |
77.50 |
+ 0.65 |
|
Approximate commodity
values, £/ tonne, ex-farm:
| Commodity | Price range |
|---|
| July Class 1 milling | 112-115 |
| July feed wheat | 71 |
| July biscuit wheat | 75-80 |
| Harvest feed wheat | 61 |
| Harvest feed barley | 60 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
