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Currencies and grain trading

- 12 June 1998
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12 June 1998

Currencies and grain trading


Friday, 12 June, 1998

  • £1=DM2.945 / FFr9.80 / $1.63

  • French FOB spot wheat value: FFr 715 (£ 72.36)

  • Chicago July wheat at close: $2.77 (£ 62.36)



THE market seemed unchanged at first, but soon weakened as Sterling climbed once again. The currency also firmed overnight, and we could see further losses on futures today.





Prices at Thursdays
wheat futures close:


MONTH Close Change
JUL 73.25 0.00
SEP 74.25 -0.50
NOV 76.60 -0.55
JAN 78.60 -0.55
MAR 80.60 -0.55
MAY 82.60 -0.55

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






    June Class 1 milling115
    June feed wheat70
    June feed barley68
    Harvest feed wheat67
    Harvest 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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