AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

Chicago Board of Trade soyabean futures rose more than 1 percent early Wednesday, rebounding after sliding nearly 90 cents per bushel this week as changing weather forecasts kept prices swinging, traders said.
"A 15 cent rally after a 90 cent break isn't beyond expectations. Beans and corn overdid it with the fund selling the last couple days and the weather forecast is positive given the levels we are trading now," said one cash-connected trader.
August soya was up 13-1/4 cents at $8.47 per bushel by 10:30 am CDT (1530 GMT). August was approaching nearby resistance at $8.54, its 20-day moving average.
November was 13 higher at $8.73-1/2 while the other months were up 11-1/2 to 14. Tenco, Rand Financial and UBS Warburg each bought 200-300 November, traders said.
Beneficial rains moved through the Midwest this week with more showers in the forecast, recharging topsoil moisture ahead of August - the key yield-determining period for soyabeans. That pressured corn and soya prices on Monday and Tuesday.
August soyameal was up $5.70 per ton at $227.90, after falling below its 10-, 20-, 50- and the 100-day moving averages this week. The back months up $2.40 to $9.50.
Soyaoil was 0.17 to 0.34 cent per lb higher, with August up 0.32 at 37.24 cents. Spot basis bids for soyabeans were up as much as 12 cents at Midwest river terminals early Wednesday due to a stronger CIF market at the US Gulf after values fell to historically levels, dealers said. Basis bids were steady at interior points with farmer sales quiet.

Copyright Reuters, 2007

Comments

Comments are closed.