AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 127.10 Increased By ▲ 0.06 (0.05%)
BOP 6.63 Decreased By ▼ -0.04 (-0.6%)
CNERGY 4.56 Increased By ▲ 0.05 (1.11%)
DCL 8.54 Decreased By ▼ -0.01 (-0.12%)
DFML 41.70 Increased By ▲ 0.26 (0.63%)
DGKC 87.15 Increased By ▲ 0.30 (0.35%)
FCCL 32.60 Increased By ▲ 0.32 (0.99%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.35 Decreased By ▼ -0.22 (-0.2%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.55 Increased By ▲ 0.09 (1.21%)
MLCF 41.61 Increased By ▲ 0.23 (0.56%)
NBP 59.88 Decreased By ▼ -0.53 (-0.88%)
OGDC 192.35 Increased By ▲ 2.25 (1.18%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.85 Increased By ▲ 0.02 (0.26%)
PPL 150.84 Increased By ▲ 0.78 (0.52%)
PRL 27.15 Increased By ▲ 0.27 (1%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.77 Increased By ▲ 0.06 (0.78%)
TOMCL 35.50 Increased By ▲ 0.09 (0.25%)
TPLP 8.20 Increased By ▲ 0.08 (0.99%)
TREET 16.35 Decreased By ▼ -0.06 (-0.37%)
TRG 53.66 Increased By ▲ 0.37 (0.69%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 9,989 Increased By 105.7 (1.07%)
BR30 31,179 Increased By 579.5 (1.89%)
KSE100 94,169 Increased By 813.8 (0.87%)
KSE30 29,177 Increased By 245.6 (0.85%)

US corn and soyabeans export premiums at the US Gulf were mostly steady on Friday, with prospects for huge crops keeping buyers at bay. Traders said soft red winter wheat basis offers were higher amid talk that grain elevators would store more of the grain due to attractive 'carries' in the market.
The traders also brushed off data that showed China's soya imports fell about 30 percent in August due to high prices. "They have bought a lot of beans overall, so I don't see this as a concern," a soya trader said. Traders said they were expecting a slump in the dollar to help draw fresh demand next week.
The USDA, in its September crop report, estimated the soyabean crop at 3.245 billion bushels, just below an average of trade estimates for 3.249 billion bushels. The USDA pegged the corn crop at 12.954 billion bushels, above an average trade estimate for 12.901 billion bushels. The USDA raised its estimate of US corn exports to 55.88 million tonnes in the 2009/10 marketing year that began September 1 from its August estimate of 53.34 million tonnes.

Copyright Reuters, 2009

Comments

Comments are closed.