AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

US wheat futures gained on Monday, lifted by short-covering as well as concerns about North American production as American weather threatened to delay planting.
Corn prices also rose, extending gains into a fourth session, while soyabean futures firmed.
The May wheat futures contract on the Chicago Board of Trade was up 3-1/2 cents at $4.69-1/2 per bushel by 11:56 a.m. EDT (1556 GMT).
CBOT May Corn gained 1-1/4 cent to $3.79-1/2 per bushel. It earlier hit $3.80-1/4 a bushel, near its highest level since Feb. 25.
CBOT May soyabeans rose 2-1/4 cents to $9.06 a bushel.
Raising concerns about wheat production, a blanket of heavy, wet snow is covering most of North Dakota, the top US wheat state, which could mean a delay in planting of spring wheat.
The Farm Belt is still reeling from a "bomb cyclone" storm that unleashed floods last week.
On Monday, the US Department of Agriculture reported export inspections of US wheat in the latest week at 340,398 tonnes. Export inspections of corn totalled 995,997 tonnes, while inspections of soyabeans were 857,970 tonnes.
Corn futures received some support from strong Chinese demand.
The US Department of Agriculture announced corn sales totalling 300,000 tonnes to China on Friday - the largest purchase by Beijing in five years.
The orders came following weeks of rumours that Beijing was poised to make a goodwill purchase of the grain amid ongoing US-China trade talks.
A farmer survey by crop advisory firm Farm Futures on Friday said US growers will plant 1.9 percent more corn acres this year and 3.7 percent fewer soyabean acres.

Copyright Reuters, 2019

Comments

Comments are closed.