AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.31 Decreased By ▼ -1.91 (-1.46%)
BOP 7.02 Increased By ▲ 0.21 (3.08%)
CNERGY 4.63 Decreased By ▼ -0.08 (-1.7%)
DCL 8.41 Decreased By ▼ -0.03 (-0.36%)
DFML 40.90 Decreased By ▼ -0.57 (-1.37%)
DGKC 80.99 Decreased By ▼ -1.10 (-1.34%)
FCCL 32.50 Decreased By ▼ -0.60 (-1.81%)
FFBL 71.55 Decreased By ▼ -1.32 (-1.81%)
FFL 12.22 Decreased By ▼ -0.04 (-0.33%)
HUBC 109.45 Decreased By ▼ -1.29 (-1.16%)
HUMNL 13.94 Decreased By ▼ -0.57 (-3.93%)
KEL 5.05 Decreased By ▼ -0.14 (-2.7%)
KOSM 7.60 Decreased By ▼ -0.01 (-0.13%)
MLCF 38.10 Decreased By ▼ -0.80 (-2.06%)
NBP 68.10 Increased By ▲ 4.09 (6.39%)
OGDC 188.80 Decreased By ▼ -4.02 (-2.08%)
PAEL 25.09 Decreased By ▼ -0.59 (-2.3%)
PIBTL 7.42 Increased By ▲ 0.08 (1.09%)
PPL 149.11 Decreased By ▼ -4.96 (-3.22%)
PRL 25.24 Decreased By ▼ -0.59 (-2.28%)
PTC 17.15 Decreased By ▼ -0.66 (-3.71%)
SEARL 80.50 Decreased By ▼ -1.80 (-2.19%)
TELE 7.55 Decreased By ▼ -0.21 (-2.71%)
TOMCL 32.90 Decreased By ▼ -0.56 (-1.67%)
TPLP 8.29 Decreased By ▼ -0.20 (-2.36%)
TREET 16.80 Increased By ▲ 0.18 (1.08%)
TRG 57.35 Decreased By ▼ -0.05 (-0.09%)
UNITY 27.81 Increased By ▲ 0.30 (1.09%)
WTL 1.33 Decreased By ▼ -0.04 (-2.92%)
BR100 10,495 Decreased By -9.1 (-0.09%)
BR30 30,830 Decreased By -396.8 (-1.27%)
KSE100 97,968 Decreased By -111.3 (-0.11%)
KSE30 30,539 Decreased By -19.5 (-0.06%)

Winnipeg Commodity Exchange canola futures closed higher on Thursday, supported by crusher buying and a rally in US soyoil futures. Canola settled $2.50 to $5.00 per tonne higher, with November up $3.20 at $431.20 and January up $2.50 at $442.50.
An estimated 1,885 November/January spreads traded between $10.70 and $13.20 and 155 November/March spreads from $19.20-$20.00, traders said. January/March spread trading totalled 150 contracts in a range from $8.70 to $8.80. Total canola futures volume was 10,143 contracts, down from 11,032 contracts on Wednesday.
Statistics Canada on Thursday morning pegged 2007 canola production at 8.86 million tonnes, down from its previous estimate of 9.24 million tonnes and below the average trade projection of 9.2 million tonnes. Traders were divided about how much the Statscan figures affected the market as the surveys used to compile the estimate were completed a few weeks ago.
But one trader said that the market viewed the numbers as bullish for prices. Exporter buying was light and prices would have to fall in the coming days to interest foreign buyers, a trader said. November soybeans rose 3-1/4 US cents per bushel to US $9.54-1/4. December soyoil futures rose 0.48 US cent per pound to close at 39.18 US cents.
Barley futures were mostly lower in thin trading. The October contract fell $4.50 to $201.40 per tonne the December contract was $2.00 lower at $206.40. Barley volume was estimated at 544 contracts, up from 234 on Wednesday. December feed wheat futures closed unchanged at $223 per tonne with only one 20 contracts trading.

Copyright Reuters, 2007

Comments

Comments are closed.