AGL 41.30 Decreased By ▼ -0.20 (-0.48%)
AIRLINK 127.50 Decreased By ▼ -0.50 (-0.39%)
BOP 6.52 Increased By ▲ 0.26 (4.15%)
CNERGY 4.13 No Change ▼ 0.00 (0%)
DCL 8.61 Increased By ▲ 0.17 (2.01%)
DFML 41.40 Increased By ▲ 0.71 (1.74%)
DGKC 87.00 Decreased By ▼ -0.90 (-1.02%)
FCCL 33.45 Decreased By ▼ -0.65 (-1.91%)
FFBL 65.90 Decreased By ▼ -0.43 (-0.65%)
FFL 10.46 Decreased By ▼ -0.10 (-0.95%)
HUBC 110.40 Increased By ▲ 1.70 (1.56%)
HUMNL 14.72 Increased By ▲ 0.26 (1.8%)
KEL 4.86 Increased By ▲ 0.21 (4.52%)
KOSM 7.95 Increased By ▲ 0.62 (8.46%)
MLCF 42.20 Decreased By ▼ -0.52 (-1.22%)
NBP 61.34 Increased By ▲ 0.50 (0.82%)
OGDC 182.10 Increased By ▲ 3.13 (1.75%)
PAEL 25.20 Decreased By ▼ -0.50 (-1.95%)
PIBTL 6.21 Increased By ▲ 0.15 (2.48%)
PPL 147.41 Increased By ▲ 1.26 (0.86%)
PRL 24.78 Decreased By ▼ -0.13 (-0.52%)
PTC 16.15 Increased By ▲ 0.01 (0.06%)
SEARL 69.96 Decreased By ▼ -0.24 (-0.34%)
TELE 7.36 Increased By ▲ 0.14 (1.94%)
TOMCL 36.41 Increased By ▲ 0.21 (0.58%)
TPLP 7.87 Increased By ▲ 0.03 (0.38%)
TREET 15.26 Decreased By ▼ -0.33 (-2.12%)
TRG 52.18 Increased By ▲ 1.82 (3.61%)
UNITY 26.91 Increased By ▲ 0.01 (0.04%)
WTL 1.24 No Change ▼ 0.00 (0%)
BR100 9,838 Increased By 43.2 (0.44%)
BR30 29,962 Increased By 315.1 (1.06%)
KSE100 92,411 Increased By 389.8 (0.42%)
KSE30 28,763 Increased By 98.7 (0.34%)

Chicago Board of Trade wheat futures closed higher on Friday amid technical buying including short-covering, and fears that a weekend storm would damage Australia's wheat harvest, traders said. CBOT March soft red winter wheat settled up 5-1/2 cents at $4.38-1/2 per bushel. For the week, the contract rose 3-3/4 cents, or 0.9 percent, snapping a two-week decline.
K.C. March hard red winter wheat ended up 6 cents at $4.37-1/2 a bushel Friday and MGEX March spring wheat rose 9-3/4 cents at $6.31-1/2. Heavy rains in eastern Australia forecast to intensify over the weekend are threatening to wipe out or damage up to 4 million tonnes of wheat due to be harvested soon, with many grain storage sites forced to close.
Commodity funds hold a large net short position in CBOT wheat, leaving the market vulnerable to bouts of short-covering. A third straight daily decline in the US dollar index lent support. A weaker dollar tends to make US grains more competitive on the world market. The CME Group reported 1,520 deliveries against CBOT December soft red winter wheat futures and 556 K.C. hard red winter wheat deliveries. The MGEX reported 398 December spring wheat deliveries.

Comments

Comments are closed.