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Currencies and grain trading

- 17 August 1998
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17 August 1998

Currencies and grain trading


Monday, 17 August, 1998

  • £1=DM2.91 / FFr9.737 / $1.616

  • French FOB spot wheat value: FFr 780 (£ 80.10)

  • Chicago September wheat at close: $2.60 (£ 59.04)


FRIDAY saw a relatively quiet end to the week, with futures finishing virtually unchanged on the day. Buyers are hoping to purchase cheaper grain this week with more volume being available on the market and some movement required. French wheat improved in price once again on Friday and is now trading just £2 below Intervention.





Prices at Fridays
wheat futures close:


MONTH Close Change
SEP 71.10 + 0.10
NOV 73.25 0.00
JAN 75.15 -0.10
MAR 77.15 -0.10
MAY 79.15 -0.10

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








    CommodityPrice
    Harvest Class 1 milling wheat77
    Harvest Class 2 milling wheat72
    Harvest Soissons73
    Harvest feed wheat64
    Harvest feed barley63




  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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