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 41.40 Decreased By ▼ -0.04 (-0.1%)
DGKC 87.10 Increased By ▲ 0.25 (0.29%)
FCCL 32.40 Increased By ▲ 0.12 (0.37%)
FFBL 64.95 Increased By ▲ 0.15 (0.23%)
FFL 10.22 Decreased By ▼ -0.03 (-0.29%)
HUBC 109.19 Decreased By ▼ -0.38 (-0.35%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.55 Increased By ▲ 0.09 (1.21%)
MLCF 41.54 Increased By ▲ 0.16 (0.39%)
NBP 60.49 Increased By ▲ 0.08 (0.13%)
OGDC 192.40 Increased By ▲ 2.30 (1.21%)
PAEL 28.14 Increased By ▲ 0.31 (1.11%)
PIBTL 7.82 Decreased By ▼ -0.01 (-0.13%)
PPL 150.79 Increased By ▲ 0.73 (0.49%)
PRL 27.20 Increased By ▲ 0.32 (1.19%)
PTC 16.09 Increased By ▲ 0.02 (0.12%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.74 Increased By ▲ 0.03 (0.39%)
TOMCL 35.49 Increased By ▲ 0.08 (0.23%)
TPLP 8.18 Increased By ▲ 0.06 (0.74%)
TREET 16.40 Decreased By ▼ -0.01 (-0.06%)
TRG 53.52 Increased By ▲ 0.23 (0.43%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.29 Increased By ▲ 0.03 (2.38%)
BR100 9,990 Increased By 106.3 (1.08%)
BR30 31,166 Increased By 566.4 (1.85%)
KSE100 94,158 Increased By 802.3 (0.86%)
KSE30 29,179 Increased By 248.2 (0.86%)

Chicago Board of Trade wheat futures rose more than 3 percent Tuesday on technical buying, including short-covering, and uncertainty about the size of the US winter wheat crop as an annual crop tour began scouting fields in top producer Kansas, traders said. Chicago Board of Trade July wheat futures settled up 18-3/4 per bushel at $5.29-1/4, after reaching $5.30, its highest since March 2.
K.C. July hard red winter wheat ended up 15-1/2 cents at $5.53 a bushel and MGEX July spring wheat rose 8 cents at $6.23-1/2. Funds hold a net short position in CBOT wheat futures, leaving the market vulnerable to bouts of short-covering. Traders await results of the Wheat Quality Council's annual Kansas wheat tour, which began scouting fields on Tuesday.
The USDA late Monday rated 33 percent of the US winter wheat crop in good to excellent condition, up from 31 percent a week earlier. The USDA said the US spring wheat crop was 10 percent seeded by Sunday, behind the five-year average of 36 percent.

Copyright Reuters, 2018

Comments

Comments are closed.