AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Markets

Soy up 6-8 cents, corn up 3-4 cents, wheat mixed

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board o
Published August 20, 2019

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.

WHEAT - Mixed

* Activity in corn futures will likely help give direction to the wheat market, traders said.

* Concerns about poor prospects for US wheat supplies on the export market are weighing on wheat futures, although short-covering could underpin prices, traders said.

* CBOT December soft red winter wheat last traded up 2-1/2 cents at $4.75 a bushel. The contract hit a one-week low overnight.

* K.C. December hard red winter wheat was last up 1 cent at $4.07-3/4 a bushel and MGEX December spring wheat was last up 1/2 cent at $5.17-1/2.

CORN - Up 3 cents to 4 cents per bushel

* Corn futures are getting a boost from a decline in US crop condition ratings and lower production projections from the Pro Farmer Midwest Crop Tour, traders said.

* Scouts on the crop tour estimated corn yields in Ohio and South Dakota will be down from a year ago after heavy rains disrupted plantings this spring.

* Traders will wait for more field reports from the four-day crop tour.

* The USDA, in a weekly report issued late on Monday, rated 56% of the US corn crop in good-to-excellent condition, down from 57% a week earlier. Analysts had expected the rating to remain unchanged.

* CBOT December corn last traded up 5 cents at $3.79-1/2 a bushel.

SOYBEANS - Up 6 cents to 8 cents per bushel

* Declining crop conditions and Pro Farmer's tour estimates were seen to be supporting soybean futures.

* The Pro Farmer crop tour does not project soybean yields but scouts estimated a lower number of soybean pods in a 3-by-3-foot square in Ohio and South Dakota, compared to last year.

* The USDA on Monday cut its soybean crop rating to 53% good-to-excellent from 54% a week earlier. Analysts had expected the rating to hold steady.

* Expectations for beneficial rains in the US Midwest could weigh on prices, analysts said.

* CBOT November soybeans last traded 6-1/4 cents higher at $8.72-3/4 a bushel.

Copyright Reuters, 2019

Comments

Comments are closed.