BML 4.80 Decreased By ▼ -0.11 (-2.24%)
BOP 12.73 Decreased By ▼ -0.33 (-2.53%)
CNERGY 7.04 Decreased By ▼ -0.08 (-1.12%)
CPHL 83.40 Decreased By ▼ -1.25 (-1.48%)
DCL 13.24 Decreased By ▼ -0.48 (-3.5%)
DGKC 171.88 Decreased By ▼ -1.46 (-0.84%)
FCCL 46.29 Decreased By ▼ -0.31 (-0.67%)
FFL 15.63 Decreased By ▼ -0.07 (-0.45%)
GCIL 26.22 Decreased By ▼ -0.45 (-1.69%)
HUBC 148.65 Decreased By ▼ -1.74 (-1.16%)
KEL 5.31 Increased By ▲ 0.04 (0.76%)
KOSM 6.25 Decreased By ▼ -0.15 (-2.34%)
LOTCHEM 20.65 Decreased By ▼ -0.11 (-0.53%)
MLCF 84.10 Decreased By ▼ -1.34 (-1.57%)
NBP 125.00 Decreased By ▼ -3.85 (-2.99%)
PAEL 40.90 Decreased By ▼ -1.15 (-2.73%)
PIAHCLA 21.88 Decreased By ▼ -0.28 (-1.26%)
PIBTL 10.13 Increased By ▲ 0.04 (0.4%)
POWER 14.00 Increased By ▲ 0.06 (0.43%)
PPL 163.48 Decreased By ▼ -0.48 (-0.29%)
PREMA 41.35 Decreased By ▼ -0.63 (-1.5%)
PRL 32.14 Decreased By ▼ -0.68 (-2.07%)
PTC 22.85 Decreased By ▼ -0.71 (-3.01%)
SNGP 115.45 Decreased By ▼ -2.52 (-2.14%)
SSGC 44.15 Decreased By ▼ -1.10 (-2.43%)
TELE 7.74 Decreased By ▼ -0.26 (-3.25%)
TPLP 9.95 Decreased By ▼ -0.17 (-1.68%)
TREET 23.40 Decreased By ▼ -0.57 (-2.38%)
TRG 55.82 Decreased By ▼ -1.19 (-2.09%)
WTL 1.50 Decreased By ▼ -0.02 (-1.32%)
BR100 14,134 Decreased By -4.9 (-0.03%)
BR30 39,571 Decreased By -563.9 (-1.4%)
KSE100 138,597 Decreased By -68.1 (-0.05%)
KSE30 42,341 Decreased By -12.3 (-0.03%)

CHICAGO: US wheat futures fell on Friday, touching a one-month low on improving prospects for the crop in the US Plains, traders said.

Corn futures fell on a round of profit-taking after rising in three of the previous four sessions. Soybeans also closed lower, with concerns about demand outweighing a bargain-buying attempt after prices for the most-active contract sagged to a three-week low.

Traders noted slowing activity from soya crushers as well as export buyers.

“High prolonged prices (are) finally starting to trim overall demand as we head into the summer months,” Arlan Suderman, chief commodities economist at StoneX, said in a note to clients.

The most-active soyabean futures contract dropped 3.9% this week, its biggest weekly decline in four months.

Chicago Board of Trade July soyabean futures settled down 7 cents at $15.26-1/4 a bushel.

CBOT May soft red winter wheat futures were 1 cent lower at $6.74-1/4 a bushel. The contract bottomed out at $6.65-3/4 a bushel, the lowest on a continuous basis for the most-active contract since April 21.

Scouts on an annual tour of Kansas wheat fields found record yield potential in the top US winter wheat state’s crop after late-season rains.

CBOT July corn was down 5 cents at $6.59-1/2 a bushel. The contract rose 2.4% this week after plunging 12.1% last week.

Forecasts for good crop weather in the US Midwest added pressure to corn futures.

“The weather is still wet to start the weekend up and down the spine of the Midwest,” Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients.

Warmer temperatures and further showers forecast in the US Midwest in the next three weeks could boost harvest prospects for recently planted corn, traders said.

Comments

Comments are closed.