All
 

 

Just in:  

You are here: Home»Top News»Pakistan Top News»Soybeans hit 12-day high on dry Argentine weather

a-soyabean-SYDNEY: US soybeans hit a 12-day high on Wednesday as the oilseed drew more support from concerns that dry weather in Argentina would cut the upcoming harvest.

 

Wheat edged higher after sliding more than 1 percent in the previous session, while corn also rebounded from losses.

 

Chicago Board of Trade March soybeans rose 0.46 percent to $14.77 a bushel by 0253 GMT, the highest level since February 8.

 

The rise followed a 3.2-percent gain in the previous session, the largest in a month.

"There was an expectation that there would be a good rain event last weekend and that didn't happen," said Victor Thianpiriya, agriculture Strategist at ANZ Singapore, adding that some dry areas in Argentina received only about a tenth of the rainfall expected.

 

"It looks like supplies are going be tight," he said.

 

March corn rose 0.3 percent to $6.97-1/4 a bushel, after sliding 0.5 percent on Tuesday.

 

March wheat rose 0.34 percent to $7.34-3/4 a bushel, having dropped 1.35 percent in the previous session.

 

 

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln