Grain market update
28 August 1997
Grain market update
Wednesdays trading – 27 August 1997
WITH rain over the whole of the UK preventing any further harvesting, spot demand stimulated prices.
Sterling then opened lower and the futures market started £1 higher. However, UK wheat is more expensive than Danish and on a parity with French, which should make the deferred positions particularly vulnerable to price.
Later in the day , Sterling rallied slightly, making UK wheat even more expensive against equivalent origins.
| MONTH | Close | Change |
|---|---|---|
| JUL
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