AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Wheat futures on the Chicago Board of Trade fell on Thursday for a sixth straight session, pressured by heavy deliveries against the December contract and technical selling as most months set life-of-contract lows, traders said. Additional pressure noted from the expanding wheat harvests in Australia and Argentina, adding to already-plentiful global wheat inventories.
Most-active CBOT March wheat settled down 7-1/4 cents at $3.95-1/2 per bushel after falling below psychological support at the $4 mark and notching a contract low at $3.93. Contract lows were also set in K.C. hard red winter wheat futures, with the March ending down 7-1/4 cents at $4.03 a bushel. MGEX spring wheat closed modestly higher, supported by scarce global supplies of top-quality wheat. The March settled up 2-1/2 cents at $5.37 a bushel.
The CBOT reported 901 deliveries against December futures, with the Term house account stopping 203 lots. The exchange also reported 810 deliveries against K.C. December futures. The MGEX reported 77 December spring wheat deliveries. The US Department of Agriculture reported export sales of US wheat in the latest week at 483,500 tonnes, in line with trade expectations for 300,000 to 500,000 tonnes. Ahead of Statistics Canada's final 2016-17 crop production estimates due on Tuesday, analysts on average expect the government to report Canadian all-wheat production at 30.7 million tonnes, the largest in three years. India importers purchased about 500,000 tonnes of wheat, largely from Australia, in the past month as India continues its large import program, European traders said.

Copyright Reuters, 2016

Comments

Comments are closed.