AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 136.75 Increased By ▲ 2.56 (1.91%)
BOP 9.22 Increased By ▲ 0.37 (4.18%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.83 Increased By ▲ 0.16 (1.85%)
DFML 38.44 Decreased By ▼ -1.34 (-3.37%)
DGKC 85.40 Increased By ▲ 0.25 (0.29%)
FCCL 35.35 Increased By ▲ 0.45 (1.29%)
FFBL 76.99 Increased By ▲ 1.39 (1.84%)
FFL 12.70 Decreased By ▼ -0.04 (-0.31%)
HUBC 108.79 Decreased By ▼ -0.66 (-0.6%)
HUMNL 14.74 Increased By ▲ 0.64 (4.54%)
KEL 5.55 Increased By ▲ 0.15 (2.78%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 40.70 Decreased By ▼ -0.67 (-1.62%)
NBP 71.40 Increased By ▲ 1.70 (2.44%)
OGDC 194.75 Increased By ▲ 1.13 (0.58%)
PAEL 27.00 Increased By ▲ 0.79 (3.01%)
PIBTL 7.48 Increased By ▲ 0.06 (0.81%)
PPL 167.95 Increased By ▲ 4.10 (2.5%)
PRL 26.25 Decreased By ▼ -0.11 (-0.42%)
PTC 20.40 Increased By ▲ 0.93 (4.78%)
SEARL 92.84 Increased By ▲ 8.44 (10%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.32 Increased By ▲ 1.27 (3.73%)
TPLP 8.98 Increased By ▲ 0.26 (2.98%)
TREET 17.34 Increased By ▲ 0.16 (0.93%)
TRG 59.50 Decreased By ▼ -1.50 (-2.46%)
UNITY 31.00 Increased By ▲ 2.04 (7.04%)
WTL 1.39 Increased By ▲ 0.02 (1.46%)
BR100 10,895 Increased By 118.9 (1.1%)
BR30 32,660 Increased By 426.2 (1.32%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Chicago Board of Trade wheat futures sank 1.4 percent to fresh contract lows on Monday, pressured by poor demand for US supplies from overseas buyers, traders said. The drop in wheat weighed on corn futures while soyabean futures edged higher, underpinned by concerns about crop development in South America. The US Agriculture Department on Monday reported weekly wheat export inspections of 344,721 tonnes, in line with estimates for 200,000 tonnes to 400,000 tonnes.
At 11:06 am CST (1606 GMT), the benchmark CBOT March soft red winter wheat futures contract was down 6 cents at $4.28-3/4 a bushel after hitting a low of $4.28 earlier in the session. Deferred soft red winter wheat contracts and K.C. hard red winter wheat offerings also set new lows on Monday. CBOT December corn futures were down 3 cents at $3.39-1/4 a bushel. Corn futures held support near Friday's lows.
CBOT January soyabean futures were 1-3/4 cents higher at $9.95 a bushel. Weekly soyabean export inspections came in at 1.579 million tonnes, near the low end of market forecasts for 1.5 million to 1.8 million tonnes. Corn export inspections of 638,711 tonnes also were in line with the range of expectations. The most-active soyabean contract pared gains after topping $10 a bushel for the first time since November 9. The January contract had neared that key psychological threshold the previous two sessions but failed to top it both times. Weakness in soyaoil also weighed on the soyabean market.
World soyaoil prices will fall after India's decision this month to raise an import tax on edible oil to the highest level in more than a decade, Argentina's export industry chamber said on Friday.

Comments

Comments are closed.