AGL 39.55 Decreased By ▼ -0.45 (-1.13%)
AIRLINK 128.20 Decreased By ▼ -0.86 (-0.67%)
BOP 6.85 Increased By ▲ 0.10 (1.48%)
CNERGY 4.72 Increased By ▲ 0.23 (5.12%)
DCL 8.42 Decreased By ▼ -0.13 (-1.52%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 82.00 Increased By ▲ 1.04 (1.28%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 74.00 Decreased By ▼ -0.43 (-0.58%)
FFL 11.88 Increased By ▲ 0.14 (1.19%)
HUBC 110.80 Increased By ▲ 1.22 (1.11%)
HUMNL 14.12 Increased By ▲ 0.37 (2.69%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 7.50 Decreased By ▼ -0.22 (-2.85%)
MLCF 39.20 Increased By ▲ 0.60 (1.55%)
NBP 63.89 Increased By ▲ 0.38 (0.6%)
OGDC 193.01 Decreased By ▼ -1.68 (-0.86%)
PAEL 25.61 Decreased By ▼ -0.10 (-0.39%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 153.45 Decreased By ▼ -2.00 (-1.29%)
PRL 25.87 Increased By ▲ 0.08 (0.31%)
PTC 17.51 Increased By ▲ 0.01 (0.06%)
SEARL 81.00 Increased By ▲ 2.35 (2.99%)
TELE 7.66 Decreased By ▼ -0.20 (-2.54%)
TOMCL 33.44 Decreased By ▼ -0.29 (-0.86%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.42 Increased By ▲ 0.15 (0.92%)
TRG 56.90 Decreased By ▼ -1.32 (-2.27%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.38 Decreased By ▼ -0.01 (-0.72%)
BR100 10,507 Increased By 62.3 (0.6%)
BR30 31,110 Decreased By -79.8 (-0.26%)
KSE100 98,286 Increased By 488.2 (0.5%)
KSE30 30,672 Increased By 191.3 (0.63%)

US soyabean futures firmed for the fifth time in six sessions on Friday on solid weekly export sales data and short-covering ahead of the weekend as the market waited for signs that China may soon resume purchases from the United States. Corn also advanced and wheat climbed to a 5-1/2 week high on stronger-than-expected export sales, with additional support stemming from a weakening US dollar.
Grain markets, overall, remain underpinned by hopes that China will soon make large purchases of US agricultural goods following a trade truce between Washington and Beijing last weekend. Expectations for large-scale buying, which the White House said China agreed to, has limited selling interest for much of this week.
Weekly US Department of Agriculture export sales data released on Friday showed sales last week of corn, soyabeans and wheat near the high end of trade estimates or above expectations. The agency also confirmed 224,000 tonnes in additional US wheat sales to undisclosed buyers via USDA's daily export sales reporting system.
Chicago Board of Trade January soyabeans rose 6-1/2 cents to $9.16 a bushel by 11:22 a.m. CST (1722 GMT), on pace for a weekly gain topping 2 percent, the contract's steepest weekly gain in six weeks. CBOT March wheat added 15-1/4 cents to $5.30-3/4 a bushel, touching its highest point since Oct. 29. The contract was up nearly 3 percent on the week, which would be its largest rally in four months.
CBOT March corn was up 2-1/4 cents at $3.85 a bushel, poised for a second straight weekly gain of around 2 percent. Traders continue to monitor news about the arrest of smartphone maker Huawei Technologies' Chief Financial Officer Meng Wanzhou, which some fear could harm relations between the United States and China.

Copyright Reuters, 2018

Comments

Comments are closed.