AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 No Change 0 (0%)
BR30 31,713 No Change 0 (0%)
KSE100 97,328 No Change 0 (0%)
KSE30 30,192 No Change 0 (0%)
Markets

Soybeans up 10-13 cents; wheat up 3-6 cents; corn up 2-5 cents

  • CBOT wheat is supported by a strong soybean market, but pressure continues as weather forecasts for the US Southern Plains show beneficial rains for winter wheat there.
  • Wet weather continues to hamper Brazilian harvest and second crop corn planting, adding support to CBOT corn amid tight global stocks.
Published March 8, 2021

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) 8:30 a.m. CST (1430 GMT) on Monday.

WHEAT - up 3-6 cents per bushel

CBOT wheat is supported by a strong soybean market, but pressure continues as weather forecasts for the US Southern Plains show beneficial rains for winter wheat there.

A government agency in Pakistan has issued a new international tender to purchase and import 300,000 tonnes of wheat, European traders said on Monday.

CBOT May soft red winter wheat last traded 4-1/2 cents higher at $6.57-1/2 per bushel. K.C. May hard red winter wheat was last 3-1/4 cents higher at $6.29-1/2 per bushel and MGEX May spring wheat was up 3-3/4 cents to $6.49 per bushel.

CORN - Up 2 to 5 cents per bushel

Wet weather continues to hamper Brazilian harvest and second crop corn planting, adding support to CBOT corn amid tight global stocks.

Back-month contracts reached new contract highs overnight, with September corn reaching $5.04-1/4 per bushel.

CBOT May corn was last 4 cents higher at $5.49-1/2 per bushel.

SOYBEANS - Up 10 to 13 cents per bushel

Soybeans boosted overnight as dryness in Argentina has hit yields, while excessive rain in Brazil is delaying harvest and slowing exports to China.

New life-of-contract highs were notched for all months overnight, with CBOT May soybeans touching $14.60 per bushel, the highest for a most-active contract since June 11, 2014.

China's soybean imports in the first two months of 2021 fell slightly from a year earlier, customs data showed on Sunday, as rains in top exporter Brazil slowed some shipments.

Brazil's soybean harvest is just 25% completed, the slowest pace in 10 years, according to agribusiness consultancy AgRural. The delay is sending truck freight rates soaring.

CBOT May soybeans were last 12-3/4 cents higher at $14.42-3/4 per bushel.

Comments

Comments are closed.