AGL 38.25 Increased By ▲ 0.10 (0.26%)
AIRLINK 130.00 Increased By ▲ 4.93 (3.94%)
BOP 7.20 Increased By ▲ 0.35 (5.11%)
CNERGY 4.58 Increased By ▲ 0.13 (2.92%)
DCL 8.20 Increased By ▲ 0.29 (3.67%)
DFML 38.80 Increased By ▲ 1.46 (3.91%)
DGKC 80.25 Increased By ▲ 2.48 (3.19%)
FCCL 32.30 Increased By ▲ 1.72 (5.62%)
FFBL 73.00 Increased By ▲ 4.14 (6.01%)
FFL 12.40 Increased By ▲ 0.54 (4.55%)
HUBC 108.20 Increased By ▲ 3.70 (3.54%)
HUMNL 13.80 Increased By ▲ 0.31 (2.3%)
KEL 4.89 Increased By ▲ 0.24 (5.16%)
KOSM 7.55 Increased By ▲ 0.38 (5.3%)
MLCF 37.60 Increased By ▲ 1.16 (3.18%)
NBP 71.00 Increased By ▲ 5.08 (7.71%)
OGDC 189.99 Increased By ▲ 10.46 (5.83%)
PAEL 25.00 Increased By ▲ 0.57 (2.33%)
PIBTL 7.35 Increased By ▲ 0.20 (2.8%)
PPL 151.00 Increased By ▲ 7.30 (5.08%)
PRL 25.25 Increased By ▲ 0.93 (3.82%)
PTC 17.24 Increased By ▲ 0.84 (5.12%)
SEARL 80.90 Increased By ▲ 2.33 (2.97%)
TELE 7.65 Increased By ▲ 0.43 (5.96%)
TOMCL 32.59 Increased By ▲ 0.62 (1.94%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.55 Increased By ▲ 0.42 (2.6%)
TRG 56.80 Increased By ▲ 2.14 (3.92%)
UNITY 27.76 Increased By ▲ 0.26 (0.95%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,089 No Change 0 (0%)
BR30 29,509 No Change 0 (0%)
KSE100 97,927 Increased By 3353.2 (3.55%)
KSE30 30,490 Increased By 1044.9 (3.55%)

Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to US offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat as well as good weather for crop development across the US Midwest.
Soyabeans closed firm, with signs of good export demand keying a turnaround after prices dipped into negative territory. Both corn and soyabeans hit their lowest levels since late June during the session. CBOT December corn futures ended down 2 cents at $3.66-1/2 a bushel. CBOT November soyabeans were 1 cent higher at $9.25-1/4 a bushel. CBOT September soft red winter wheat settled 10-1/4 cents lower at $4.19-1/4 a bushel.
Egypt, the world's largest wheat buyer, on Wednesday said it signed deals to buy 295,000 tonnes of Russian wheat and 60,000 tonnes of Ukraine wheat. No US wheat was offered in the tender. While large volumes purchased in the tenders could be supportive of prices, a wide gap between Black Sea origins such as Russian wheat and US and West European origins may maintain price pressure.
But strong export demand was limiting the declines in soyabeans. A delegation of importers from China signed agreements to buy 3.8 million tonnes of US soyabeans valued at about $1.56 billion at a ceremony in Omaha, Nebraska, on Tuesday, the US Soyabean Export Council said on Wednesday.

Comments

Comments are closed.