AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)
Markets

Wheat steady-up 5 cents, corn down 2-5 cents, soy up 6-10 cents

  • Wheat seen steady to firm, with MGEX spring wheat contracts rising on support from concerns about dry conditions in the northern US Plains.
  • The USDA said corn planting was 90% complete, 10 percentage points ahead of the five-year average.
Published May 25, 2021

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Tuesday.

WHEAT - Steady to up 5 cents per bushel

Wheat seen steady to firm, with MGEX spring wheat contracts rising on support from concerns about dry conditions in the northern US Plains.

The US Agriculture Department's weekly crop progress and conditions report showed that the spring wheat crop was rated 45% good to excellent as of May 23, at the low end of a range of market forecasts.

The government rated the hard red winter wheat crop as 47% good to excellent, down 1 percentage point from a week earlier.

CBOT July soft red winter wheat was last 1-1/4 cents higher at $6.63-1/2 per bushel. K.C. July hard red winter wheat was last down 1/4 cent at $6.15 per bushel. MGEX July spring wheat was last 5-1/2 cents higher at $6.90-1/4 per bushel.

CORN - Down 2 to 5 cents per bushel

Corn easing on fast pace of planting, good conditions for growth in US Midwest.

The USDA said corn planting was 90% complete, 10 percentage points ahead of the five-year average.

CBOT July corn dropped below its 30-day moving average during overnight trading.

CBOT July corn was last 4-3/4 cents lower at $6.52-1/2 per bushel.

SOYBEANS - Up 6 to 10 cents per bushel

Bargain buying bounce expected in soybeans after five straight days of declines, the longest stretch of lower closes for the most-active contract since June 2020. Rally in global vegetable oil markets adds support.

CBOT July soybean futures rose above their 30-day moving average overnight.

CBOT July soybeans were last up 9-1/4 cents at $15.32 per bushel.

Comments

Comments are closed.