AGL 38.60 Increased By ▲ 0.45 (1.18%)
AIRLINK 128.50 Increased By ▲ 3.43 (2.74%)
BOP 7.05 Increased By ▲ 0.20 (2.92%)
CNERGY 4.53 Increased By ▲ 0.08 (1.8%)
DCL 8.25 Increased By ▲ 0.34 (4.3%)
DFML 38.39 Increased By ▲ 1.05 (2.81%)
DGKC 79.75 Increased By ▲ 1.98 (2.55%)
FCCL 32.12 Increased By ▲ 1.54 (5.04%)
FFBL 72.90 Increased By ▲ 4.04 (5.87%)
FFL 12.16 Increased By ▲ 0.30 (2.53%)
HUBC 109.15 Increased By ▲ 4.65 (4.45%)
HUMNL 13.81 Increased By ▲ 0.32 (2.37%)
KEL 4.89 Increased By ▲ 0.24 (5.16%)
KOSM 7.46 Increased By ▲ 0.29 (4.04%)
MLCF 37.25 Increased By ▲ 0.81 (2.22%)
NBP 69.75 Increased By ▲ 3.83 (5.81%)
OGDC 187.50 Increased By ▲ 7.97 (4.44%)
PAEL 25.01 Increased By ▲ 0.58 (2.37%)
PIBTL 7.32 Increased By ▲ 0.17 (2.38%)
PPL 150.20 Increased By ▲ 6.50 (4.52%)
PRL 25.00 Increased By ▲ 0.68 (2.8%)
PTC 17.03 Increased By ▲ 0.63 (3.84%)
SEARL 80.70 Increased By ▲ 2.13 (2.71%)
TELE 7.54 Increased By ▲ 0.32 (4.43%)
TOMCL 32.81 Increased By ▲ 0.84 (2.63%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.50 Increased By ▲ 0.37 (2.29%)
TRG 56.21 Increased By ▲ 1.55 (2.84%)
UNITY 27.90 Increased By ▲ 0.40 (1.45%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,438 Increased By 348.7 (3.46%)
BR30 30,743 Increased By 1233.8 (4.18%)
KSE100 97,390 Increased By 2815.8 (2.98%)
KSE30 30,357 Increased By 912.2 (3.1%)

Euronext wheat futures hovered near contract lows on Tuesday, as a tumble in Chicago prices and enduring worries about ample supplies put fresh pressure on prices, offsetting support from a weaker euro. December milling wheat, the most active contract on the Paris-based Euronext exchange, dipped 0.50 euros, or 0.31 percent, to 163.00 euros a tonne by 1617 GMT.
It dropped to a session low of 162.50 euros earlier, in tandem with Chicago wheat which fell along with corn futures. Front-month September wheat was unchanged at 159 euros, after slipping to a session low of 158.25 euros. The contract set a low of 158 euros on Monday, which was also the lowest spot price in eight months.
Dealers noted Euronext was broadly tracking losses in Chicago on Tuesday, which were deepened later in the trading day by a surge in the US dollar. A holiday in parts of Europe, meanwhile, made for quiet trading conditions. "With the holiday in Europe, there's not much of a European driver," said one European dealer. "We're just drifting lower with the world markets."
Ample global supplies also continued to add pressure, in light of large harvests from Russia and Ukraine. "Paris wheat futures continue to feel the pinch from large Black Sea grain supplies," said Helen Plant, senior analyst at AHDB, in a market update, noting a need to boost competitiveness of French wheat in the 2017/18 season.

Comments

Comments are closed.