AGL 42.01 Increased By ▲ 3.47 (9%)
AIRLINK 129.50 No Change ▼ 0.00 (0%)
BOP 5.80 Increased By ▲ 0.19 (3.39%)
CNERGY 4.02 Increased By ▲ 0.16 (4.15%)
DCL 8.68 Decreased By ▼ -0.05 (-0.57%)
DFML 40.90 Decreased By ▼ -0.86 (-2.06%)
DGKC 88.80 Increased By ▲ 0.50 (0.57%)
FCCL 35.05 Increased By ▲ 0.05 (0.14%)
FFBL 66.65 Decreased By ▼ -0.70 (-1.04%)
FFL 10.67 Increased By ▲ 0.06 (0.57%)
HUBC 109.01 Increased By ▲ 0.25 (0.23%)
HUMNL 14.83 Increased By ▲ 0.17 (1.16%)
KEL 4.76 Increased By ▲ 0.01 (0.21%)
KOSM 7.26 Increased By ▲ 0.31 (4.46%)
MLCF 43.08 Increased By ▲ 1.43 (3.43%)
NBP 60.75 Increased By ▲ 1.15 (1.93%)
OGDC 179.66 Decreased By ▼ -3.34 (-1.83%)
PAEL 25.87 Decreased By ▼ -0.38 (-1.45%)
PIBTL 6.04 Increased By ▲ 0.07 (1.17%)
PPL 146.69 Decreased By ▼ -0.01 (-0.01%)
PRL 23.76 Increased By ▲ 0.15 (0.64%)
PTC 16.60 Increased By ▲ 0.04 (0.24%)
SEARL 71.50 Increased By ▲ 3.20 (4.69%)
TELE 7.29 Increased By ▲ 0.06 (0.83%)
TOMCL 36.70 Increased By ▲ 0.75 (2.09%)
TPLP 8.05 Increased By ▲ 0.20 (2.55%)
TREET 15.07 Increased By ▲ 0.87 (6.13%)
TRG 50.91 Increased By ▲ 0.46 (0.91%)
UNITY 27.20 Increased By ▲ 0.45 (1.68%)
WTL 1.27 Increased By ▲ 0.06 (4.96%)
BR100 9,863 Increased By 57.8 (0.59%)
BR30 29,796 Increased By 118.1 (0.4%)
KSE100 92,718 Increased By 413.8 (0.45%)
KSE30 28,924 Increased By 83.8 (0.29%)

Chicago wheat futures rose about 1 percent on Tuesday as a decline in US crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world's top supplier. Corn and soyabean futures were little changed in choppy trade.
As of 12:31 pm CST (1831 GMT), Chicago Board of Trade December wheat was up 4 cents at $4.26 per bushel after reaching $4.28-3/4, its highest in a week. CBOT December corn was steady at $3.45 a bushel after reaching $3.45-3/4, its highest since November 9. January soyabeans were down 1 cent at $9.89 a bushel.
Wheat firmed after Russia's meteorological service said it had measured pollution of a radioactive isotope at nearly 1,000 times normal levels in the Ural mountains. That marked the first official Russian data supporting reports that a nuclear incident had taken place in Russia or Kazakhstan in the last week of September.
Neither Russia nor Kazakhstan has acknowledged any accident. The Russian news reminded some traders of the Chernobyl nuclear disaster of 1986, which sparked a rally in CBOT grain futures. But many were skeptical about the market impact of the contamination, and attributed strength in wheat to technical buying.
Russia is the world's biggest wheat exporter, and its farmers just completed the harvest of a record-large crop. Wheat also drew support from the US Department of Agriculture's weekly crop conditions report late Monday. The government rated 52 percent of the winter wheat crop in good to excellent condition, down from 54 percent the previous week, despite analyst expectations for no change.
CBOT corn was nearly flat after pushing to a 1-1/2-week high. The USDA late Monday said the US corn harvest was 90 percent complete, behind the five-year average of 95 percent, while the soyabean harvest was 96 percent done, near the five-year average of 97 percent.

Comments

Comments are closed.