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:
| Commodity | Price |
|---|
| Harvest Class 1 milling wheat | 78 |
| Harvest Class 2 milling wheat | 72 |
| Harvest Soissons | 73 |
| Harvest feed wheat | 64 |
| Harvest feed barley | 63 |
|
Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details
