AGL 38.54 Increased By ▲ 0.32 (0.84%)
AIRLINK 129.99 Increased By ▲ 1.02 (0.79%)
BOP 8.79 Increased By ▲ 0.94 (11.97%)
CNERGY 4.69 Increased By ▲ 0.03 (0.64%)
DCL 8.49 Increased By ▲ 0.17 (2.04%)
DFML 39.30 Increased By ▲ 0.36 (0.92%)
DGKC 83.00 Increased By ▲ 1.06 (1.29%)
FCCL 34.05 Increased By ▲ 0.63 (1.89%)
FFBL 76.88 Increased By ▲ 1.17 (1.55%)
FFL 12.80 Decreased By ▼ -0.02 (-0.16%)
HUBC 111.01 Increased By ▲ 0.65 (0.59%)
HUMNL 14.20 Increased By ▲ 0.19 (1.36%)
KEL 5.29 Increased By ▲ 0.14 (2.72%)
KOSM 7.76 Increased By ▲ 0.09 (1.17%)
MLCF 40.04 Increased By ▲ 0.24 (0.6%)
NBP 73.96 Increased By ▲ 1.64 (2.27%)
OGDC 191.00 Increased By ▲ 2.71 (1.44%)
PAEL 25.85 Increased By ▲ 0.22 (0.86%)
PIBTL 7.46 Increased By ▲ 0.09 (1.22%)
PPL 156.10 Increased By ▲ 3.43 (2.25%)
PRL 25.71 Increased By ▲ 0.32 (1.26%)
PTC 18.17 Increased By ▲ 0.47 (2.66%)
SEARL 82.00 Decreased By ▼ -0.42 (-0.51%)
TELE 7.70 Increased By ▲ 0.11 (1.45%)
TOMCL 33.09 Increased By ▲ 0.52 (1.6%)
TPLP 8.48 Increased By ▲ 0.06 (0.71%)
TREET 16.85 Increased By ▲ 0.07 (0.42%)
TRG 56.43 Increased By ▲ 0.39 (0.7%)
UNITY 29.19 Increased By ▲ 0.41 (1.42%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 10,781 Increased By 122.4 (1.15%)
BR30 31,705 Increased By 373.5 (1.19%)
KSE100 100,540 Increased By 1271 (1.28%)
KSE30 31,459 Increased By 426.3 (1.37%)

Corn futures at the Chicago Board of Trade were mildly weaker by Friday's midsession on a technical setback from Thursday's rally to a two-month high, traders said. Easing concerns about a high-pressure weather ridge moving into the South-western United States in the 11-to-15-day period also weighed on prices.
July corn was down 1 cent per bushel at $3.89-1/14 by 11:35 am CDT (1635 GMT). The back months were down 2-3/4 cents to up 1 cent. A rally in soybeans and soymeal helped bring corn off its early lows, traders said. There were bearish moves stemming from the corn options pit as J.P. Morgan sold 2,500 July $4.40 call options and 1,000 December $4.50 calls. On a supportive note, export sales were bigger than expected and US cash basis bids remained firm due to a lack of farmer movement, traders said.
The US Agriculture Department reported last week's export sales reached 1,365,600 tonnes (676,000 tonnes old crop), above trade estimates for 850,000 to 1,100,000 tonnes. CBOT oats were steady to up 5-3/4 cents per bushel, with July up 5-3/4 at $2.86-3/4.

Copyright Reuters, 2007

Comments

Comments are closed.