Currencies and grain trading


19 August 1998


Currencies and grain trading


Wednesday, 19 August, 1998

  • £1=DM2.913 / FFr9.766 / $1.618

  • French FOB spot wheat value: FFr 777.50 (£ 79.61)

  • Chicago September wheat at close: $2.58 (£ 58.52)


FUTURES fell as news broke from French grains analyst Strategie of a monster French wheat crop – 38.3 million tonnes. This is 1.4m tonnes above ONICs latest forecast, and the largest wheat crop on record.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
SEP 71.25 -0.50
NOV 73.50 -0.75
JAN 75.50 -0.50
MAR 77.40 -0.60
MAY 79.25 -0.75

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








    CommodityPrice
    Harvest Class 1 milling wheat78
    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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