Currencies and grain trading
11 August 1998
Currencies and grain trading
Tuesday, 11 August, 1998
UK futures closed lower as Sterling strengthened and spot wheat in East Anglia lost the early premiums of last week. Most new-crop wheats are now showing signs of better quality and quantity than last year, but there is still a long way to go. The Class 1 milling premium stands at around £15-16/ t on the forward market, with Class 2 milling trading at around £7/ t over feed. The French crop could be higher than recently predicted, at over 38m tonnes.
Prices at Mondays wheat futures close:
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values, £/ tonne, ex-farm:
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