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- 10 August 1998 https://www.fwi.co.uk More in News Currencies and grain trading - 10 August 1998 >More in News
10 August 1998Currencies and grain tradingMonday, 10 August, 1998
£1=DM2.90 / FFr9.724 / $1.629 French FOB spot wheat value: FFr 730.50 (£ 75.12)Chicago September wheat at close: $2.51 (£ 56.54)
EARLY trading on Friday pushed futures 75p higher, following the French market, before sellers came out ahead of the weekend forecast, making spot sales and thus reducing any futures gains.
All eyes will be on prices for this week coupled with yield data to determine whether the crop is 16 million or 16.5m tonnes.Prices at Fridayswheat futures close:MONTH Close ChangeSEP 69.75+
0.50NOV 71.25 0.00JAN 73.25 0.00MAR 75.25 0.00MAY 77.25 0.00Approximate commodityvalues, £/ tonne, ex-farm:CommodityPriceHarvest Class 1 milling wheat80Harvest Class 2 milling
wheat70Harvest Soissons70-75Harvest feed wheat61Harvest feed barley60Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here
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