Currencies and grain trading


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:









    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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