AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)
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.