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Print - 2017-05-14
Comey crisis could bedevil Trump on healthcare

Comey crisis could bedevil Trump on healthcare

US Republicans struggling to pass a health care overhaul and tax reform this year have seen their path narrow, as Congress reels from fallout over President Donald Trump's firing of his FBI director. The shock dismissal of James Comey - and the White Hous
Published 14 May, 2017 12:00am
Genchi genbutsu

Genchi genbutsu

The term genchi genbutsu translates from Japanese as "Going to the source" or "actual place, actual thing". In order to solve the problem within an automotive industry or any other related field, the best way to understand the root cause of the problem is
Published 14 May, 2017 12:00am
Taxpayers must be new VIPs of society

Taxpayers must be new VIPs of society

Recently there has been a blurring of the lines between public goods and private goods with the private sector stepping in to finance public goods and the public sector providing goods that can be classified as rival and excludable. But how can the govern
Published 14 May, 2017 12:00am
PM's remarks on corruption

PM's remarks on corruption

What Prime Minister Nawaz Sharif had to say while talking to journalists at the inauguration of a metro bus construction project which is to link the federal capital with the New Islamabad International Airport, has raised many eyebrows. He seemed to sugg
Published 14 May, 2017 12:00am
Moon shines in South Korea

Moon shines in South Korea

South Koreans have elected a left-leaning liberal - Moon Jae-in - as their president, lending credence to the age-old adage 'Cometh the man, cometh the hour'. Following the impeachment and sentencing of his predecessor Park Geun-hye, South Korea was nearl
Published 14 May, 2017 12:00am
Seaports fail to handle increased container load

Seaports fail to handle increased container load

The country''''s seaports have been choked to their capacity to pile up more imported cargo containers as the goods transporters strike enters the fifth consecutive day, harbours sources said on Saturday. Over the last five days, imported cargo containers
Published 14 May, 2017 12:00am
Seaports fail to handle increased container load

Seaports fail to handle increased container load

The country''s seaports have been choked to their capacity to pile up more imported cargo containers as the goods transporters strike enters the fifth consecutive day, harbours sources said on Saturday. Over the last five days, imported cargo containers a
Published 14 May, 2017 12:00am
Seaports fail to handle increased container load

Seaports fail to handle increased container load

The country's seaports have been choked to their capacity to pile up more imported cargo containers as the goods transporters strike enters the fifth consecutive day, harbours sources said on Saturday. Over the last five days, imported cargo containers ar
Published 14 May, 2017 12:00am
Seaports fail to handle increased container load

Seaports fail to handle increased container load

The country's seaports have been choked to their capacity to pile up more imported cargo containers as the goods transporters strike enters the fifth consecutive day, harbours sources said on Saturday. Over the last five days, imported cargo containers ar
Published 14 May, 2017 12:00am
Pakistani, child killed in Saudi town gunfire

Pakistani, child killed in Saudi town gunfire

Saudi authorities blocked roads in a flashpoint Shia town on Saturday, residents said a day after security officials reported that gunmen killed a two-year-old boy and a Pakistani man. The gunfire targeted a redevelopment site in a neighbourhood of the Sh
Published 14 May, 2017 12:00am
China supportive of Pakistan's stance on Kashmir: PM

China supportive of Pakistan's stance on Kashmir: PM

Prime Minister Muhammad Nawaz Sharif on Saturday said China was supportive of Pakistan's stance on the issue of Kashmir and favoured its resolution through peaceful dialogue. "On Kashmir issue, China has always been supportive of Pakistan's stance and has
Published 14 May, 2017 12:00am
China supportive of Pakistan's stance on Kashmir: PM

China supportive of Pakistan's stance on Kashmir: PM

Prime Minister Muhammad Nawaz Sharif on Saturday said China was supportive of Pakistan's stance on the issue of Kashmir and favoured its resolution through peaceful dialogue. "On Kashmir issue, China has always been supportive of Pakistan's stance and has
Published 14 May, 2017 12:00am
Three hurt in unprovoked Indian firing

Three hurt in unprovoked Indian firing

Indian troops committed several unprovoked ceasefire violations across the Line of Control (LoC) early Saturday morning, injuring three innocent civilians, including two women. The Inter Services Public Relations said in a statement that Indian border for
Published 14 May, 2017 12:00am
Three hurt in unprovoked Indian firing

Three hurt in unprovoked Indian firing

Indian troops committed several unprovoked ceasefire violations across the Line of Control (LoC) early Saturday morning, injuring three innocent civilians, including two women. The Inter Services Public Relations said in a statement that Indian border for
Published 14 May, 2017 12:00am
CoAS appreciates operational preparations of troops

CoAS appreciates operational preparations of troops

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Saturday visited troops deployed along Line of Control in Nikial Sector and was briefed on situation by the local commander. He appreciated high-state of operational readiness, effective response to
Published 14 May, 2017 12:00am
CoAS appreciates operational preparations of troops

CoAS appreciates operational preparations of troops

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Saturday visited troops deployed along Line of Control in Nikial Sector and was briefed on situation by the local commander. He appreciated high-state of operational readiness, effective response to
Published 14 May, 2017 12:00am
Organisations hit by global cyberattack

Organisations hit by global cyberattack

A huge range of organisations around the world have been affected by the WannaCry ransomware cyberattack, described by the EU''s law enforcement agency as "unprecedented". Here are some of the most prominent victims, from Britain''s National Health Servic
Published 14 May, 2017 12:00am
Organisations hit by global cyberattack

Organisations hit by global cyberattack

A huge range of organisations around the world have been affected by the WannaCry ransomware cyberattack, described by the EU's law enforcement agency as "unprecedented". Here are some of the most prominent victims, from Britain's National Health Service
Published 14 May, 2017 12:00am
Organisations hit by global cyberattack

Organisations hit by global cyberattack

A huge range of organisations around the world have been affected by the WannaCry ransomware cyberattack, described by the EU's law enforcement agency as "unprecedented". Here are some of the most prominent victims, from Britain's National Health Service
Published 14 May, 2017 12:00am
Over 75,000 global victims of cyberattack

Over 75,000 global victims of cyberattack

The unprecedented global cyberattack affected "more than 75,000 victims" in dozens of countries, French police said in a statement Saturday, the day after the ransomware hit Russia''s banks, British hospitals and European car factories among others. "This
Published 14 May, 2017 12:00am
Over 75,000 global victims of cyberattack

Over 75,000 global victims of cyberattack

The unprecedented global cyberattack affected "more than 75,000 victims" in dozens of countries, French police said in a statement Saturday, the day after the ransomware hit Russia's banks, British hospitals and European car factories among others. "This
Published 14 May, 2017 12:00am
Over 75,000 global victims of cyberattack

Over 75,000 global victims of cyberattack

The unprecedented global cyberattack affected "more than 75,000 victims" in dozens of countries, French police said in a statement Saturday, the day after the ransomware hit Russia's banks, British hospitals and European car factories among others. "This
Published 14 May, 2017 12:00am
Dawn Leaks: Many questions remain unanswered: PTI

Dawn Leaks: Many questions remain unanswered: PTI

Pakistan Tehreek-e-Insaf (PTI) again said Saturday that the conclusion of Dawn Leaks controversy left many questions unanswered, adding it was not a matter just between the government and military. The meeting of the party's Central Executive Committee ch
Published 14 May, 2017 12:00am
Dawn Leaks: Many questions remain unanswered: PTI

Dawn Leaks: Many questions remain unanswered: PTI

Pakistan Tehreek-e-Insaf (PTI) again said Saturday that the conclusion of Dawn Leaks controversy left many questions unanswered, adding it was not a matter just between the government and military. The meeting of the party's Central Executive Committee ch
Published 14 May, 2017 12:00am
Gunmen kill 10 labourers in Gwadar

Gunmen kill 10 labourers in Gwadar

Gunmen on motorbikes opened fire on construction workers, killing 10 in Gwadar, officials said on Saturday. "Two gunmen riding on motorbikes opened fire on a group of construction workers in Peshukan Ganz neighbourhood of Gwadar," local administration off
Published 14 May, 2017 12:00am
Gunmen kill 10 labourers in Gwadar

Gunmen kill 10 labourers in Gwadar

Gunmen on motorbikes opened fire on construction workers, killing 10 in Gwadar, officials said on Saturday. "Two gunmen riding on motorbikes opened fire on a group of construction workers in Peshukan Ganz neighbourhood of Gwadar," local administration off
Published 14 May, 2017 12:00am
Chinese industries: PM may unveil incentive package today

Chinese industries: PM may unveil incentive package today

Incentive package for Chinese industries to be relocated in 9 prioritised Special Economic Zones in Pakistan is likely to be announced by Prime Minister Nawaz Sharif during his visit to China. Prime Minister Nawaz Sharif is paying a visit to China at the
Published 14 May, 2017 12:00am
Chinese industries: PM may unveil incentive package today

Chinese industries: PM may unveil incentive package today

Incentive package for Chinese industries to be relocated in 9 prioritised Special Economic Zones in Pakistan is likely to be announced by Prime Minister Nawaz Sharif during his visit to China. Prime Minister Nawaz Sharif is paying a visit to China at the
Published 14 May, 2017 12:00am
Chinese industries: PM may unveil incentive package today

Chinese industries: PM may unveil incentive package today

Incentive package for Chinese industries to be relocated in 9 prioritised Special Economic Zones in Pakistan is likely to be announced by Prime Minister Nawaz Sharif during his visit to China. Prime Minister Nawaz Sharif is paying a visit to China at the
Published 14 May, 2017 12:00am
Energy crisis deepens

Energy crisis deepens

The country''s energy crisis has further deteriorated this summer due to gradual increase in demand verses generation with consumers facing 8-10 hours load shedding in urban areas and 16-hours in rural areas. However, the Ministry of Water and Power, whic
Published 14 May, 2017 12:00am
Energy crisis deepens

Energy crisis deepens

The country's energy crisis has further deteriorated this summer due to gradual increase in demand verses generation with consumers facing 8-10 hours load shedding in urban areas and 16-hours in rural areas. However, the Ministry of Water and Power, which
Published 14 May, 2017 12:00am
Energy crisis deepens

Energy crisis deepens

The country's energy crisis has further deteriorated this summer due to gradual increase in demand verses generation with consumers facing 8-10 hours load shedding in urban areas and 16-hours in rural areas. However, the Ministry of Water and Power, which
Published 14 May, 2017 12:00am
Pakistan, China ink six accords

Pakistan, China ink six accords

Pakistan and China on Saturday inked six accords of co-operation in diverse fields including Framework Agreement on upgradation of Main Line-1 rail track and establishment of a dry port at Havelian. Prime Minister Muhammad Nawaz Sharif and Chinese Premier
Published 14 May, 2017 12:00am
Pakistan, China ink six accords

Pakistan, China ink six accords

Pakistan and China on Saturday inked six accords of co-operation in diverse fields including Framework Agreement on upgradation of Main Line-1 rail track and establishment of a dry port at Havelian. Prime Minister Muhammad Nawaz Sharif and Chinese Premier
Published 14 May, 2017 12:00am
Pakistan, China ink six accords

Pakistan, China ink six accords

Pakistan and China on Saturday inked six accords of co-operation in diverse fields including Framework Agreement on upgradation of Main Line-1 rail track and establishment of a dry port at Havelian. Prime Minister Muhammad Nawaz Sharif and Chinese Premier
Published 14 May, 2017 12:00am
Concerns on CPEC: India to skip Belt and Road Forum in China?

Concerns on CPEC: India to skip Belt and Road Forum in China?

India will reportedly skip the two-day Belt and Road Forum(BRF) in Beijing starting today (Sunday) due to its "concerns" on China-Pakistan Economic Corridor (CPEC) which is a part of China''s ambitious One Belt One Road (OBOR) project, the Indian media re
Published 14 May, 2017 12:00am
Concerns on CPEC: India to skip Belt and Road Forum in China?

Concerns on CPEC: India to skip Belt and Road Forum in China?

India will reportedly skip the two-day Belt and Road Forum(BRF) in Beijing starting today (Sunday) due to its "concerns" on China-Pakistan Economic Corridor (CPEC) which is a part of China's ambitious One Belt One Road (OBOR) project, the Indian media rep
Published 14 May, 2017 12:00am
Concerns on CPEC: India to skip Belt and Road Forum in China?

Concerns on CPEC: India to skip Belt and Road Forum in China?

India will reportedly skip the two-day Belt and Road Forum(BRF) in Beijing starting today (Sunday) due to its "concerns" on China-Pakistan Economic Corridor (CPEC) which is a part of China's ambitious One Belt One Road (OBOR) project, the Indian media rep
Published 14 May, 2017 12:00am
Chinese energy companies invited for investment

Chinese energy companies invited for investment

Prime Minister Nawaz Sharif on Saturday met a delegation of Chinese energy companies in Beijing. Addressing the delegation of the energy companies in Beijing, the Prime Minister said Pakistan was focusing on its energy sector and was currently executing p
Published 14 May, 2017 12:00am
Chinese energy companies invited for investment

Chinese energy companies invited for investment

Prime Minister Nawaz Sharif on Saturday met a delegation of Chinese energy companies in Beijing. Addressing the delegation of the energy companies in Beijing, the Prime Minister said Pakistan was focusing on its energy sector and was currently executing p
Published 14 May, 2017 12:00am
Chinese energy companies invited for investment

Chinese energy companies invited for investment

Prime Minister Nawaz Sharif on Saturday met a delegation of Chinese energy companies in Beijing. Addressing the delegation of the energy companies in Beijing, the Prime Minister said Pakistan was focusing on its energy sector and was currently executing p
Published 14 May, 2017 12:00am
Nawaz lauds Chinese cooperation on energy

Nawaz lauds Chinese cooperation on energy

Prime Minister Nawaz Sharif Saturday spoke high of co-operation by the Chinese government as well as the China''s National Energy Administration (NEA) to help Pakistan cope with energy crisis through building power generation projects. Addressing the Bhas
Published 14 May, 2017 12:00am
Nawaz lauds Chinese cooperation on energy

Nawaz lauds Chinese cooperation on energy

Prime Minister Nawaz Sharif Saturday spoke high of co-operation by the Chinese government as well as the China's National Energy Administration (NEA) to help Pakistan cope with energy crisis through building power generation projects. Addressing the Bhash
Published 14 May, 2017 12:00am
Nawaz lauds Chinese cooperation on energy

Nawaz lauds Chinese cooperation on energy

Prime Minister Nawaz Sharif Saturday spoke high of co-operation by the Chinese government as well as the China's National Energy Administration (NEA) to help Pakistan cope with energy crisis through building power generation projects. Addressing the Bhash
Published 14 May, 2017 12:00am
Pakistan fully supports OBOR initiative: Prime Minister

Pakistan fully supports OBOR initiative: Prime Minister

Prime Minister Muhammad Nawaz Sharif Saturday said Pakistan fully supported China''s giant One Belt, One Road (OBOR) initiative and would work closely with it to contribute for the region''s prosperity. He expressed these views in a meeting with the Chine
Published 14 May, 2017 12:00am
Pakistan fully supports OBOR initiative: Prime Minister

Pakistan fully supports OBOR initiative: Prime Minister

Prime Minister Muhammad Nawaz Sharif Saturday said Pakistan fully supported China's giant One Belt, One Road (OBOR) initiative and would work closely with it to contribute for the region's prosperity. He expressed these views in a meeting with the Chinese
Published 14 May, 2017 12:00am
Pakistan fully supports OBOR initiative: Prime Minister

Pakistan fully supports OBOR initiative: Prime Minister

Prime Minister Muhammad Nawaz Sharif Saturday said Pakistan fully supported China's giant One Belt, One Road (OBOR) initiative and would work closely with it to contribute for the region's prosperity. He expressed these views in a meeting with the Chinese
Published 14 May, 2017 12:00am
US nears $100 billion arms deal for Saudi Arabia

US nears $100 billion arms deal for Saudi Arabia

The United States is close to completing a series of arms deals for Saudi Arabia totalling more than $100 billion, a senior White House official said on Friday, a week ahead of President Donald Trump's planned visit to Riyadh. The official, who spoke to R
Published 14 May, 2017 12:00am
US nears $100 billion arms deal for Saudi Arabia

US nears $100 billion arms deal for Saudi Arabia

The United States is close to completing a series of arms deals for Saudi Arabia totalling more than $100 billion, a senior White House official said on Friday, a week ahead of President Donald Trump's planned visit to Riyadh. The official, who spoke to R
Published 14 May, 2017 12:00am
Government announces Rs 20 billion ''election-centric'' uplift schemes

Government announces Rs 20 billion ''election-centric'' uplift schemes

Prime Minster Nawaz Sharif has announced over Rs 20 billion developmental schemes that were not part of the Budget 2016-17 in the current fiscal year post-Panama Leaks to counter the opponents'' criticism and win public support for the 2018 general electi
Published 14 May, 2017 12:00am
Government announces Rs 20 billion 'election-centric' uplift schemes

Government announces Rs 20 billion 'election-centric' uplift schemes

Prime Minster Nawaz Sharif has announced over Rs 20 billion developmental schemes that were not part of the Budget 2016-17 in the current fiscal year post-Panama Leaks to counter the opponents' criticism and win public support for the 2018 general electio
Published 14 May, 2017 12:00am
Government announces Rs 20 billion 'election-centric' uplift schemes

Government announces Rs 20 billion 'election-centric' uplift schemes

Prime Minster Nawaz Sharif has announced over Rs 20 billion developmental schemes that were not part of the Budget 2016-17 in the current fiscal year post-Panama Leaks to counter the opponents' criticism and win public support for the 2018 general electio
Published 14 May, 2017 12:00am
AIIB approves seven new members

AIIB approves seven new members

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China''s biggest diplomatic event of the year kicks off. Leaders from 29 countries will attend China''s new Silk
Published 14 May, 2017 12:00am
AIIB approves seven new members

AIIB approves seven new members

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China's biggest diplomatic event of the year kicks off. Leaders from 29 countries will attend China's new Silk R
Published 14 May, 2017 12:00am
AIIB approves seven new members

AIIB approves seven new members

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China's biggest diplomatic event of the year kicks off. Leaders from 29 countries will attend China's new Silk R
Published 14 May, 2017 12:00am
Iran & Afghanistan: good relations are indispensable, says Raza

Iran & Afghanistan: good relations are indispensable, says Raza

Chairman of the Senate of Pakistan Mian Raza Rabbani has said that good relations with Islamic Republic of Iran and Afghanistan were indispensable, Aaj News reported on Saturday. He said, "Pakistan needs to reconsider its foreign policy."
Published 14 May, 2017 12:00am
Aziz writes letter to UN SG

Aziz writes letter to UN SG

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz in a letter sent to the United Nations Secretary General Antonio Guterres has drawn his attention towards the Indian government's plan of bringing demographic changes in the Indian-held Kashmir
Published 14 May, 2017 12:00am
Aziz writes letter to UN SG

Aziz writes letter to UN SG

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz in a letter sent to the United Nations Secretary General Antonio Guterres has drawn his attention towards the Indian government's plan of bringing demographic changes in the Indian-held Kashmir
Published 14 May, 2017 12:00am
YOUR RUPEE LAST MONTH
Exchange

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (April 3 to 28, 2017)

Published 14 May, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (May 13, 2017) and the forecast for Sunday (May 14, 2017).

Published 14 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 13, 2017)

Published 14 May, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee held its overnight levels in process of trading, dealers said. The rupee did not move any side against the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. Th
Published 14 May, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee held its overnight levels in process of trading, dealers said. The rupee did not move any side against the dollar for buying and selling at Rs 105.80 and Rs 106.00 respectively, they said. Th
Published 14 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 13, 2017).

Published 14 May, 2017 12:00am
Palm oil prices up on European vegoils market
Vegetable Oil

Palm oil prices up on European vegoils market

Palm oil prices on the European vegetable oils market rose on Thursday following Malaysian palm oil futures up on weaker than forecast production growth in April. Asking prices for palm oil were mostly between $2.50 and $20 a tonne higher after Malaysian
Published 14 May, 2017 12:00am
Vietnamese coffee premiums fall in quiet market

Vietnamese coffee premiums fall in quiet market

Coffee export markets were quiet this week as Indonesia is on holiday while premiums in Vietnam edged lower on weak demand, traders said on Thursday. The 5 percent black and broken grade 2 robusta in Vietnam, the world's largest grower of robusta beans, w
Published 14 May, 2017 12:00am
US FOB Gulf corn offers mostly weaker on light demand

US FOB Gulf corn offers mostly weaker on light demand

Export premiums for corn shipped from the US Gulf Coast were mostly flat to weaker on Thursday, capped by light demand and abundant global feed grain supplies, traders said. Bumper South American crops are poised to flood the global market beginning next
Published 14 May, 2017 12:00am
CBOT soyabean futures fall on technical selling
Exchange

CBOT soyabean futures fall on technical selling

Soyabean futures on the Chicago Board of Trade fell Thursday on technical selling, some hedge pressure and rising estimates of South America's harvest, traders said. CBOT July soyabeans settled down 4 cents at $9.66-1/4 per bushel. The Buenos Aires Grains
Published 14 May, 2017 12:00am
Chinese iron ore futures fall to four-month low
Exchange

Chinese iron ore futures fall to four-month low

Iron ore futures in China fell to a four-month low on Thursday before recovering at the close, pressured by lean demand as the world's top steel producer sustains a crackdown against polluting industries that could limit output. Tangshan city in China's t
Published 14 May, 2017 12:00am
Rice buyers turn to Vietnam as prices firm in Thailand, India

Rice buyers turn to Vietnam as prices firm in Thailand, India

Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday. Thai benchmark 5-percent broken rice edged up to $387-$392 a tonne, free-on-board (FOB) Bangkok, from $380-$390 last week. "Some ship
Published 14 May, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slipped on Thursday, weighed down by a lack of buyers and lower US crop markets. Crusher demand seen dropping off after running ahead of year-ago pace, pressuring the July contract, a trader said. More favorable Western Canada
Published 14 May, 2017 12:00am
US natural gas futures jump to highest since January

US natural gas futures jump to highest since January

US natural gas futures jumped to their highest since January on Thursday on a smaller-than-expected storage build and worries a key pipeline may be delayed, possibly cutting output growth this year. The US Energy Information Administration said utilities
Published 14 May, 2017 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

Spot cash bids for hard red winter (HRW) wheat firmed at the US Gulf Coast on Thursday while the basis held steady elsewhere in the southern Plains and farmer selling remained thin, grain merchandisers said. The Gulf track basis bid rose to 126 cents over
Published 14 May, 2017 12:00am
CBOT corn futures close lower
Exchange

CBOT corn futures close lower

Chicago Board of Trade corn futures closed lower on Thursday, pressured by disappointing weekly export sales data and forecasts for warmer weather in the US Midwest, traders said. CBOT July corn futures closed down 4-1/2 cents at $3.69-1/4 per bushel.
Published 14 May, 2017 12:00am
China's 2017-18 corn planting area to fall 2.5 percent

China's 2017-18 corn planting area to fall 2.5 percent

Chinese farmers are expected to sow 35.84 million hectares of corn this year, down 2.5 percent from last year, the agriculture ministry said on Wednesday, as Beijing looks to boost alternative crops to reduce its corn glut. In its first estimate for the 2
Published 14 May, 2017 12:00am
Conab raises Brazil's soyabean crop view to 113 million tones

Conab raises Brazil's soyabean crop view to 113 million tones

Brazil's agricultural statistics agency Conab, for the fifth time this year, raised its estimate on Thursday for the country's 2016/17 soyabean crop to 113 million tonnes. The agency had previously estimated the soyabean harvest, which is nearly complete,
Published 14 May, 2017 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Chicago Board of Trade July wheat futures closed 2 cents higher on Thursday at $4.33-3/4 per bushel, lifted by technical buying and short-covering, analysts said. K.C. July hard red winter wheat closed up 1-1/2 cents to $4.40-3/4 a bushel, while MGEX July
Published 14 May, 2017 12:00am
Asia's naphtha cracks at two-session high

Asia's naphtha cracks at two-session high

Asia's naphtha crack was at a two-session high of $67.28 a tonne, supported by firm demand from North Asia, while the gasoline crack was a two-week high of $10.47 a barrel with a sharp drawdown in inventories in the Singapore hub. Eyes were also on Formos
Published 14 May, 2017 12:00am
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