AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were flat to lower on Monday, pressured by a lull in demand and expectations for improved shipping logistics on Midwest rivers, traders said. Warmer temperatures in the Midwest were likely to thaw sections of the Illinois and Mississippi rivers, where vessel traffic has been limited for weeks due to ice.
Traffic remained halted on much of the Illinois but could resume later this week, a barge source said. Lock 52 on the lower Ohio River reopened after it was closed due to low water last week, barge sources said. Some global buyers were delaying purchases until after the US Department of Agriculture's quarterly grain stocks and monthly supply and demand reports due on Friday.
"Demand is lethargic," a corn export trader in the US Pacific Northwest said. The US Department of Agriculture said exporters sold 102,100 tonnes of US corn to Mexico, 132,000 tonnes of US soyabeans to unknown destinations and 120,000 tonnes of soyabeans to Egypt.
Egypt's state grain buyer separately said it was seeking global offers for wheat shipped from February 11-20. CIF bids for soyabean barges loaded this month were 40 cents a bushel over Chicago Board of Trade March futures, down about 6 cents from late last week. FOB Gulf soyabean offers for January soyabean shipments were 56 cents over CBOT March futures.
Bids for corn barges loaded this month were down about 3 cents from last week, at 39 cents above CBOT March futures. FOB basis offers for January corn shipments were about 68 cents over futures. Bids for soft red winter wheat barges loaded in January were at 50 cents per bushel over CBOT March futures steady to up 5 cents from last week.

Copyright Reuters, 2018

Comments

Comments are closed.