05 August 1998
Currencies and grain trading
Wednesday, 5 August, 1998
- £1=DM2.9021 / FFr9.728 / $1.639
- French FOB spot wheat value: FFr 710 (£ 72.98)
- Chicago September wheat at close: $2.47 (£ 55.30)
IT now looks possible harvest prices will be around £60/ tonne ex-farm for feed wheat as the UK only $2 cheaper than French wheat in both the August and September positions .
Prices at Tuesdays
wheat futures close:
| MONTH |
Close |
Change |
| SEP |
67.50 |
-0.75 |
| NOV |
69.75 |
-0.75 |
| JAN |
71.60 |
-0.75 |
| MAR |
73.50 |
-0.75 |
| MAY |
75.45 |
-0.75 |
|
Approximate commodity
values, £/ tonne, ex-farm:
| Commodity | Price range |
|---|
| Old-crop biscuit wheat | 75 |
| 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
