AGL 37.94 No Change ▼ 0.00 (0%)
AIRLINK 161.48 Increased By ▲ 6.26 (4.03%)
BOP 8.96 Decreased By ▼ -0.11 (-1.21%)
CNERGY 6.86 Increased By ▲ 0.14 (2.08%)
DCL 10.08 Increased By ▲ 0.55 (5.77%)
DFML 40.50 Increased By ▲ 0.19 (0.47%)
DGKC 91.90 Decreased By ▼ -1.05 (-1.13%)
FCCL 38.04 Decreased By ▼ -0.34 (-0.89%)
FFBL 78.35 Decreased By ▼ -0.23 (-0.29%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 113.50 Increased By ▲ 3.31 (3%)
HUMNL 14.55 Decreased By ▼ -0.34 (-2.28%)
KEL 5.64 Decreased By ▼ -0.09 (-1.57%)
KOSM 8.24 Decreased By ▼ -0.23 (-2.72%)
MLCF 44.76 Decreased By ▼ -0.90 (-1.97%)
NBP 74.98 Decreased By ▼ -1.19 (-1.56%)
OGDC 192.01 Increased By ▲ 0.14 (0.07%)
PAEL 31.83 Increased By ▲ 1.35 (4.43%)
PIBTL 8.40 Increased By ▲ 0.24 (2.94%)
PPL 166.99 Increased By ▲ 0.43 (0.26%)
PRL 31.35 Increased By ▲ 1.91 (6.49%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 97.30 Increased By ▲ 0.68 (0.7%)
TELE 8.50 Increased By ▲ 0.23 (2.78%)
TOMCL 34.75 Increased By ▲ 0.49 (1.43%)
TPLP 11.20 Increased By ▲ 0.98 (9.59%)
TREET 18.10 Increased By ▲ 0.44 (2.49%)
TRG 61.00 Decreased By ▼ -0.25 (-0.41%)
UNITY 32.15 Increased By ▲ 0.18 (0.56%)
WTL 1.53 Increased By ▲ 0.06 (4.08%)
BR100 11,239 Increased By 23.4 (0.21%)
BR30 33,901 Increased By 250.2 (0.74%)
KSE100 104,797 Increased By 238.2 (0.23%)
KSE30 32,425 Increased By 59.4 (0.18%)

Chicago Board of Trade soyabean futures closed lower on Thursday on doubts about whether China will make the purchases from the United States promised in a trade deal between the two countries, analysts said.

CBOT March soyabean futures settled down 4-3/4 cents at $9.24 per bushel after touching $9.22, the contract's lowest since Dec. 13.

CBOT March soyaoil ended down 0.27 cent at 33.03 cents per pound while March soyameal closed higher, up 50 cents at $300.60 per short ton.

In the trade pact signed on Wednesday, China committed to increase purchases of US farm products by $32 billion over two years, including $12.5 billion above the corresponding 2017 baseline of $24 billion in 2020 and $19.5 billion above the baseline in 2021.

However, China's pledge to buy US agricultural goods based on "market conditions" added to doubts about the size of any future purchases.

The US Department of Agriculture (USDA) reported export sales of US soyabeans in the week ended Jan. 9 at 711,400 tonnes, in line with trade expectations.

The USDA reported weekly soyameal export sales at 375,200 tonnes and soyaoil sales at 36,100 tonnes, both above expectations.

Through its daily reporting system, the USDA said private exporters sold 180,000 tonnes of US soyameal to the Philippines.

Copyright Reuters, 2020

Comments

Comments are closed.