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Currencies and grain trading

- 15 April 1998
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15 April 1998

Currencies and grain trading


Wednesday, 15 April, 1998

  • £1=DM3.033 / FFr10.181 / $1.683

  • French FOB spot wheat value: FFr 740.00 (£ 72.68)

  • Chicago May wheat at close: $3.00 (£ 65.41)



Futures:


TUESDAY was a very quiet day, with nervous shorts pushing futures to 75p up before renewed selling took place. Class 1 milling wheat improved by £1.50/ t, with several millers looking to take May-July cover.


Chicago finished 0-4¢/bushel higher, tied to technical signals that the market was oversold, and on reports of cold weather in the US Great Plains.





Prices at Tuesdays
wheat futures close:


MONTH Close Change
MAY 73.25 + 0.45
JULY 75.25 + 0.50
SEP 74.25 + 0.25
NOV 76.25 + 0.25
JAN 78.25 + 0.25
MAR 80.25 + 0.25

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





    April Class 1 milling102/104
    April feed wheat66/68
    April feed barley68/70
    Harvest feed wheat67/69




  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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