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Currencies and grain trading

- 15 June 1998
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15 June 1998

Currencies and grain trading


Monday, 15 June, 1998

  • £1=DM2.951 / FFr9.897 / $1.631

  • French FOB spot wheat value: FFr 710 (£ 71.73)

  • Chicago July wheat at close: $2.79 (£ 62.77)



THE market was virtually unchanged on Friday as profit-takers acted before the weekend. UK millers say they are expecting earlier-than-average supplies of German milling wheat at competitive prices; the southern German barley harvest was two weeks early.





Prices at Fridays
wheat futures close:


MONTH Close Change
JUL 74.50 + 1.00
SEP 74.75 + 0.50
NOV 76.75 + 0.15
JAN 78.75 + 0.15
MAR 80.75 + 0.15
MAY 82.75 + 0.15

    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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