AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.80 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 Decreased By ▼ -0.10 (-1.49%)
CNERGY 4.60 Increased By ▲ 0.08 (1.77%)
DCL 8.58 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Increased By ▲ 0.31 (0.75%)
DGKC 86.50 Decreased By ▼ -0.63 (-0.72%)
FCCL 32.13 Decreased By ▼ -1.26 (-3.77%)
FFBL 65.40 Decreased By ▼ -0.01 (-0.02%)
FFL 10.27 Decreased By ▼ -0.20 (-1.91%)
HUBC 110.60 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.70 Decreased By ▼ -0.60 (-3.92%)
KEL 5.15 Increased By ▲ 0.17 (3.41%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.69 Decreased By ▼ -1.30 (-3.02%)
NBP 60.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 194.48 Decreased By ▼ -3.16 (-1.6%)
PAEL 27.95 Decreased By ▼ -1.06 (-3.65%)
PIBTL 7.98 Decreased By ▼ -0.28 (-3.39%)
PPL 150.52 Decreased By ▼ -3.64 (-2.36%)
PRL 27.08 Increased By ▲ 2.08 (8.32%)
PTC 16.08 Decreased By ▼ -0.01 (-0.06%)
SEARL 78.20 Decreased By ▼ -0.25 (-0.32%)
TELE 7.42 Increased By ▲ 0.05 (0.68%)
TOMCL 35.70 Decreased By ▼ -0.39 (-1.08%)
TPLP 7.90 Decreased By ▼ -0.17 (-2.11%)
TREET 15.87 Decreased By ▼ -0.09 (-0.56%)
TRG 52.70 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.65 Decreased By ▼ -0.06 (-0.22%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,920 Decreased By -52.1 (-0.52%)
BR30 30,751 Decreased By -346.3 (-1.11%)
KSE100 93,225 Decreased By -423.8 (-0.45%)
KSE30 28,885 Decreased By -132.9 (-0.46%)

US soyabean futures rose more than 1 percent on Wednesday, rebounding a day after the most-active contract fell to a 10-year low as the harvest of a likely record-large US crop got under way, analysts said. US wheat futures rose on technical buying and concerns about tightening global supplies, while corn futures followed the firm trend.
As of 1:01 pm CDT (1801 GMT), Chicago Board of Trade November soyabeans were up 14 cents at $8.28 a bushel. The contract on Tuesday fell to $8.12-1/4, the lowest price for a most-active contract since December 2008. Soyabeans also appeared to drew support from world stock markets, which broadly rose for a second straight day on bets the ongoing US-China trade spat would inflict less damage than feared. China is the world's biggest soyabean importer.
CBOT wheat rose more than 2 percent, with the December contract up 12-1/2 cents at $5.23 a bushel. Wheat firmed on a mix of chart-based buying, with the December contract nearing resistance at its 20- and 200-day moving averages, along with a pick-up in global export business that has reinforced ideas of tightening global supplies.
Egypt's main state wheat buyer on Tuesday booked 475,000 tonnes of wheat for two shipment periods, and Turkey's state grain board issued a tender for around 252,000 tonnes of wheat. CBOT corn futures followed wheat and soyabeans higher, with benchmark December up 3-1/4 cents at $3.46-1/2 a bushel, but pressure from the expanding US harvest capped rallies. Traders were also monitoring dry weather and potential for additional cold temperatures in Australia, a key wheat exporter, following possible frost damage last weekend.

Copyright Reuters, 2018

Comments

Comments are closed.