AVN 72.11 Increased By ▲ 0.69 (0.97%)
BOP 9.04 Increased By ▲ 0.02 (0.22%)
CHCC 136.40 Increased By ▲ 0.23 (0.17%)
DCL 9.75 Increased By ▲ 0.08 (0.83%)
DGKC 106.74 Decreased By ▼ -0.06 (-0.06%)
EFERT 61.40 Decreased By ▼ -0.09 (-0.15%)
EPCL 45.64 Increased By ▲ 0.34 (0.75%)
FCCL 21.46 Decreased By ▼ -0.02 (-0.09%)
FFL 15.10 No Change ▼ 0.00 (0%)
HASCOL 15.26 Increased By ▲ 0.10 (0.66%)
HBL 129.98 Decreased By ▼ -0.13 (-0.1%)
HUBC 84.54 Decreased By ▼ -0.01 (-0.01%)
HUMNL 6.04 No Change ▼ 0.00 (0%)
JSCL 28.37 Decreased By ▼ -0.13 (-0.46%)
KAPCO 28.62 Increased By ▲ 0.02 (0.07%)
KEL 3.69 Increased By ▲ 0.03 (0.82%)
LOTCHEM 13.20 Increased By ▲ 0.04 (0.3%)
MLCF 40.95 Decreased By ▼ -0.02 (-0.05%)
OGDC 102.95 Increased By ▲ 0.05 (0.05%)
PAEL 34.70 No Change ▼ 0.00 (0%)
PIBTL 12.83 Decreased By ▼ -0.02 (-0.16%)
PIOC 95.43 No Change ▼ 0.00 (0%)
POWER 9.70 No Change ▼ 0.00 (0%)
PPL 92.83 Increased By ▲ 0.01 (0.01%)
PSO 206.80 Increased By ▲ 0.04 (0.02%)
SNGP 44.23 Decreased By ▼ -0.07 (-0.16%)
STPL 16.00 Decreased By ▼ -0.25 (-1.54%)
TRG 72.95 Decreased By ▼ -0.36 (-0.49%)
UNITY 27.36 Increased By ▲ 0.05 (0.18%)
WTL 1.10 Increased By ▲ 0.05 (4.76%)
BR100 4,399 Increased By ▲ 24.17 (0.55%)
BR30 22,249 Increased By ▲ 134.76 (0.61%)
KSE100 42,207 Increased By ▲ 159.28 (0.38%)
KSE30 17,683 Increased By ▲ 17.86 (0.1%)

CHICAGO: US soyabean and corn futures steadied near recent highs on Thursday, with strong export demand and dry weather in Brazil underpinning the market. Soyabean prices hit their highest in more than 2-1/2 years on Thursday morning while corn peaked at its highest in nearly a year.

Wheat futures dropped 1.9% on a profit-taking setback after hitting their highest in more than five years.

Traders said that investment funds were squaring positions ahead the US Agriculture Department's monthly World Agricultural Supply and Demand Estimates and Crop Production reports that will be released on Friday. Analysts expected the report would show a lower government forecast for US corn and soyabean harvests.

A fresh round of export deals, which included sales to China and Mexico supported soyabeans. Additionally, the US Agriculture Department said that weekly soyabean export sales totalled 2.591 million tonnes last week, the fifth straight week in which sales have topped 2 million tonnes.

"We had the great exports this morning," said Mark Gold, founder of Top Third Ag Marketing. At 11:18 a.m. CDT (1600 GMT), Chicago Board of Trade November soyabean futures were unchanged at $10.51 a bushel. Prices peaked at $10.69, the highest since March 8, 2018.

CBOT December corn was up 1/4 cent at $3.89 after topping out at $3.94-1/2, the highest for the most-active contract since Oct. 18. USDA said that corn export sales for the week were 1.226 million tonnes, near the high end of market expectations.

CBOT December wheat was 11-1/2 cents lower at $5.96 a bushel. Wheat rallied 6.5% during the previous four sessions. The most-active contract hit its highest since June 30, 2015 overnight.