AGL 37.80 Decreased By ▼ -0.35 (-0.92%)
AIRLINK 128.65 Increased By ▲ 3.58 (2.86%)
BOP 7.32 Increased By ▲ 0.47 (6.86%)
CNERGY 4.63 Increased By ▲ 0.18 (4.04%)
DCL 8.40 Increased By ▲ 0.49 (6.19%)
DFML 38.60 Increased By ▲ 1.26 (3.37%)
DGKC 81.00 Increased By ▲ 3.23 (4.15%)
FCCL 32.49 Increased By ▲ 1.91 (6.25%)
FFBL 74.35 Increased By ▲ 5.49 (7.97%)
FFL 12.29 Increased By ▲ 0.43 (3.63%)
HUBC 109.32 Increased By ▲ 4.82 (4.61%)
HUMNL 13.95 Increased By ▲ 0.46 (3.41%)
KEL 5.08 Increased By ▲ 0.43 (9.25%)
KOSM 7.47 Increased By ▲ 0.30 (4.18%)
MLCF 38.23 Increased By ▲ 1.79 (4.91%)
NBP 70.50 Increased By ▲ 4.58 (6.95%)
OGDC 187.55 Increased By ▲ 8.02 (4.47%)
PAEL 25.01 Increased By ▲ 0.58 (2.37%)
PIBTL 7.36 Increased By ▲ 0.21 (2.94%)
PPL 151.50 Increased By ▲ 7.80 (5.43%)
PRL 25.25 Increased By ▲ 0.93 (3.82%)
PTC 17.07 Increased By ▲ 0.67 (4.09%)
SEARL 82.06 Increased By ▲ 3.49 (4.44%)
TELE 7.55 Increased By ▲ 0.33 (4.57%)
TOMCL 32.59 Increased By ▲ 0.62 (1.94%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.45 Increased By ▲ 0.32 (1.98%)
TRG 56.70 Increased By ▲ 2.04 (3.73%)
UNITY 27.85 Increased By ▲ 0.35 (1.27%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,520 Increased By 430.5 (4.27%)
BR30 30,930 Increased By 1421.5 (4.82%)
KSE100 98,251 Increased By 3676.5 (3.89%)
KSE30 30,664 Increased By 1219.3 (4.14%)

Euronext wheat futures were lower on Friday with forecast rains in parts of northern Europe this week set to bring some relief after a prolonged period of dry weather. September milling wheat on the Paris-based Euronext exchange was down 1.75 euros, or 0.9%, at 188.25 euros ($205.02) a tonne by 1527 GMT.

"A good volume of rain is forecast in Germany, Poland and southern Russia over the weekend and early next week which is an influence today, but I think markets will wait to see how much rain actually falls," one German trader said.

Dry conditions have dented crop outlooks across northern Europe, Russia and parts of the United States.

In Britain, production could fall below 10 million tonnes, down sharply from last summer's 16.2 million tonnes, with the threat to yields coming against the backdrop of a steep decline in planted area.

"There is little rain in the forecast and, with temperatures rising, there may not be any short-term relief," UK merchant Frontier Agriculture said in an update issued on Friday.

November feed wheat futures in London were down 1.0% at 168.75 pounds a tonne after rising on Thursday to a peak of 171 pounds, the highest level for the contract since April 23.

Germany has a mixed crop picture, with wheat in central and southern regions assessed as having received sufficient rain.

But the crop in Germany's northern and eastern grain belts, the main export regions, is looking dry and harvest forecasts have been cut.

Standard bread wheat with 12% protein for September delivery in Hamburg was offered for sale little changed at around 1.5 euros under the Paris December contract. Sellers were seeking about 2 euros under Paris.

Copyright Reuters, 2020

Comments

Comments are closed.