AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.06 Increased By ▲ 0.02 (0.02%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.54 Increased By ▲ 0.03 (0.67%)
DCL 8.58 Increased By ▲ 0.03 (0.35%)
DFML 41.75 Increased By ▲ 0.31 (0.75%)
DGKC 87.40 Increased By ▲ 0.55 (0.63%)
FCCL 32.60 Increased By ▲ 0.32 (0.99%)
FFBL 65.00 Increased By ▲ 0.20 (0.31%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.23 Decreased By ▼ -0.34 (-0.31%)
HUMNL 14.74 Increased By ▲ 0.06 (0.41%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.65 Increased By ▲ 0.27 (0.65%)
NBP 59.61 Decreased By ▼ -0.80 (-1.32%)
OGDC 193.00 Increased By ▲ 2.90 (1.53%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.81 Decreased By ▼ -0.02 (-0.26%)
PPL 151.70 Increased By ▲ 1.64 (1.09%)
PRL 27.37 Increased By ▲ 0.49 (1.82%)
PTC 15.95 Decreased By ▼ -0.12 (-0.75%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.75 Increased By ▲ 0.04 (0.52%)
TOMCL 35.59 Increased By ▲ 0.18 (0.51%)
TPLP 8.18 Increased By ▲ 0.06 (0.74%)
TREET 16.51 Increased By ▲ 0.10 (0.61%)
TRG 53.53 Increased By ▲ 0.24 (0.45%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 9,998 Increased By 114.2 (1.15%)
BR30 31,214 Increased By 613.5 (2%)
KSE100 94,201 Increased By 845.9 (0.91%)
KSE30 29,194 Increased By 263.1 (0.91%)

US soyabean futures retreated on Tuesday as the market braced for an anticipated increase in the government's 2018 harvest forecast and amid concerns of a prolonged trade war with China, the world's top soyabean importer. Corn futures followed soyabeans lower, easing for a second straight session as traders positioned for the US Agriculture Department's (USDA) supply-and-demand report for October due on Thursday.
Concerns about a rain-delayed corn and soya harvest in the western Midwest limited price declines. Wheat futures edged higher on signs of improving US export demand, although prices remain capped by big global supplies and stiff export competition. Analysts polled ahead of Thursday's report, on average, expect the USDA to increase its US corn and soyabean yield and production forecasts as well as raise its US and world grain and soyabean stocks projections.
Chicago Board of Trade (CBOT) November soyabeans fell 5-3/4 cents to $8.64 a bushel by 11:37 a.m. CDT (1637 GMT), while December corn dipped 2 cents to $3.64-1/2 a bushel. CBOT December wheat rose 1-1/4 cents to $5.15-1/4 per bushel, rebounding from overnight declines after the USDA announced a large hard red winter wheat export sale to Bangladesh.
Rains in parts of the western Midwest provided underlying support to the market, however, along with a rising currency in soya export rival Brazil after a strong first-round electoral showing by far-right presidential candidate Jair Bolsonaro.
The USDA's weekly harvest progress and crop condition report, scheduled for release after Tuesday's market close, is expected to show that corn and soyabean harvesting remains ahead of normal, although the pace is expected to slow with this week's rains.

Copyright Reuters, 2018

Comments

Comments are closed.