AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 132.30 Increased By ▲ 3.33 (2.58%)
BOP 8.65 Increased By ▲ 0.80 (10.19%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.47 Increased By ▲ 0.15 (1.8%)
DFML 38.70 Decreased By ▼ -0.24 (-0.62%)
DGKC 84.20 Increased By ▲ 2.26 (2.76%)
FCCL 34.60 Increased By ▲ 1.18 (3.53%)
FFBL 76.40 Increased By ▲ 0.69 (0.91%)
FFL 12.87 Increased By ▲ 0.05 (0.39%)
HUBC 110.19 Decreased By ▼ -0.17 (-0.15%)
HUMNL 14.30 Increased By ▲ 0.29 (2.07%)
KEL 5.36 Increased By ▲ 0.21 (4.08%)
KOSM 7.73 Increased By ▲ 0.06 (0.78%)
MLCF 40.67 Increased By ▲ 0.87 (2.19%)
NBP 70.14 Decreased By ▼ -2.18 (-3.01%)
OGDC 190.70 Increased By ▲ 2.41 (1.28%)
PAEL 26.01 Increased By ▲ 0.38 (1.48%)
PIBTL 7.47 Increased By ▲ 0.10 (1.36%)
PPL 155.75 Increased By ▲ 3.08 (2.02%)
PRL 25.80 Increased By ▲ 0.41 (1.61%)
PTC 19.20 Increased By ▲ 1.50 (8.47%)
SEARL 82.50 Increased By ▲ 0.08 (0.1%)
TELE 7.82 Increased By ▲ 0.23 (3.03%)
TOMCL 32.83 Increased By ▲ 0.26 (0.8%)
TPLP 8.35 Decreased By ▼ -0.07 (-0.83%)
TREET 17.24 Increased By ▲ 0.46 (2.74%)
TRG 56.05 Increased By ▲ 0.01 (0.02%)
UNITY 28.86 Increased By ▲ 0.08 (0.28%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,688 Increased By 29.1 (0.27%)
BR30 31,728 Increased By 396.7 (1.27%)
KSE100 99,545 Increased By 275.6 (0.28%)
KSE30 30,993 Decreased By -39.9 (-0.13%)

Spot corn basis bids were mostly higher on Friday amid slow farmer selling, demand from ethanol makers and as barge freight eased, grain merchants said. Soyabean basis bids were steady to higher, with river bids in Illinois and Iowa rising 12 to 16 cents a bushel amid strong export demand and the slip in barge freight.
Merchants said ethanol makers were bidding aggressively for corn, paying premium prices to compete with elevators. Barge freight bids for next week eased 25 percent of tariff at St Louis, and 75 percent of tariff on the Lower Ohio River. Bids were steady on the Illinois River. Barge freight had fallen sharply since rising to record highs early this week amid increased grain movement.
Traders awaiting Monday's USDA crop report for price direction. The dollar fell against the euro after data showed steep US job losses in the last three months. CBOT December corn settled down 2-1/2 cents at $3.75-1/2 per bushel; January soyabeans rose 15 cents to $9.21; December wheat fell 1-1/2 cents to $5.21.

Copyright Reuters, 2008

Comments

Comments are closed.