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Currencies and grain trading

- 10 August 1998
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10 August 1998

Currencies and grain trading


Monday, 10 August, 1998

  • £1=DM2.90 / FFr9.724 / $1.629

  • French FOB spot wheat value: FFr 730.50 (£ 75.12)

  • Chicago September wheat at close: $2.51 (£ 56.54)


EARLY trading on Friday pushed futures 75p higher, following the French market, before sellers came out ahead of the weekend forecast, making spot sales and thus reducing any futures gains. All eyes will be on prices for this week coupled with yield data to determine whether the crop is 16 million or 16.5m tonnes.





Prices at Fridays
wheat futures close:


MONTH Close Change
SEP 69.75 + 0.50
NOV 71.25 0.00
JAN 73.25 0.00
MAR 75.25 0.00
MAY 77.25 0.00

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








    CommodityPrice
    Harvest Class 1 milling wheat80
    Harvest Class 2 milling wheat70
    Harvest Soissons70-75
    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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