AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
BR100 11,869 Decreased By -51.1 (-0.43%)
BR30 35,588 Decreased By -219.5 (-0.61%)
KSE100 113,252 Decreased By -532.6 (-0.47%)
KSE30 35,194 Decreased By -193.2 (-0.55%)
Markets

CBOT wheat sinks on firm dollar, technical selling

CHICAGO: Chicago Board of Trade (CBOT) wheat futures fell on Tuesday on technical selling and as a firming dollar st
Published August 6, 2019

CHICAGO: Chicago Board of Trade (CBOT) wheat futures fell on Tuesday on technical selling and as a firming dollar stoked concerns about US export prospects, traders said.

* CBOT September soft red winter wheat ended 10-1/2 cents lower at $4.84 per bushel. The contracts hit chart resistance at its 20-day moving average. Selling accelerated as it broke through chart support at its 100-day average.

* K.C. September hard red winter wheat fell 8-3/4 cents to $4.18 a bushel, and MGEX September spring wheat fell 2-1/2 cents to $5.22.

* Concerns about US wheat export demand and ample world supplies weighed on prices. A firmer dollar makes US grain exports costlier for buyers holding other currencies.

* Egypt's GASC bought 415,000 tonnes of Russian and Romanian wheat on Tuesday at an international tender.

* The US Department of Agriculture (USDA) rated 73% of the US spring wheat crop in good to excellent condition in its weekly crop progress report, unchanged from a week ago.

* The USDA also reported the US winter wheat harvest to be 82% complete.

Copyright Reuters, 2019

Comments

Comments are closed.