Currencies and grain trading

18 August 1998

Currencies and grain trading

Tuesday, 18 August, 1998

• £1=DM2.897 / FFr9.714 / $1.617
  
  
• French FOB spot wheat value: FFr 780 (£ 80.29)
  
  
• Chicago September wheat at close: $2.62 (£ 59.46)

THERE was brisk start to the week, with spot supply and demand pushing futures higher once again. Reports of only 10% of harvest cut in Yorkshire and only 30% in parts of the Midlands also helped to push spot values higher. Yields are very varied, with some at 3.5-4.0 t/acre, but others as low as 2.5-2.75 t/acre.