ANL 12.97 Decreased By ▼ -0.83 (-6.01%)
ASC 14.45 Decreased By ▼ -0.11 (-0.76%)
ASL 14.95 Decreased By ▼ -0.35 (-2.29%)
AVN 98.20 Decreased By ▼ -1.69 (-1.69%)
BOP 8.49 Decreased By ▼ -0.11 (-1.28%)
CNERGY 6.62 Decreased By ▼ -0.39 (-5.56%)
FFL 9.15 Decreased By ▼ -0.34 (-3.58%)
FNEL 8.96 Decreased By ▼ -0.43 (-4.58%)
GGGL 13.85 Decreased By ▼ -1.05 (-7.05%)
GGL 20.60 Decreased By ▼ -1.52 (-6.87%)
GTECH 9.70 Decreased By ▼ -0.27 (-2.71%)
HUMNL 6.63 Decreased By ▼ -0.03 (-0.45%)
KEL 3.19 Decreased By ▼ -0.07 (-2.15%)
KOSM 4.02 Decreased By ▼ -0.36 (-8.22%)
MLCF 32.83 Decreased By ▼ -1.21 (-3.55%)
PACE 4.02 Decreased By ▼ -0.33 (-7.59%)
PIBTL 7.20 Decreased By ▼ -0.20 (-2.7%)
PRL 14.39 Decreased By ▼ -0.51 (-3.42%)
PTC 8.90 Decreased By ▼ -0.20 (-2.2%)
SILK 1.33 Decreased By ▼ -0.08 (-5.67%)
SNGP 33.87 Decreased By ▼ -0.63 (-1.83%)
TELE 17.30 Decreased By ▼ -0.45 (-2.54%)
TPL 14.07 Decreased By ▼ -1.28 (-8.34%)
TPLP 27.63 Decreased By ▼ -2.27 (-7.59%)
TREET 38.06 Decreased By ▼ -2.95 (-7.19%)
TRG 88.36 Decreased By ▼ -5.99 (-6.35%)
UNITY 27.14 Decreased By ▼ -1.06 (-3.76%)
WAVES 15.04 Decreased By ▼ -0.49 (-3.16%)
WTL 2.21 Decreased By ▼ -0.14 (-5.96%)
YOUW 7.70 Decreased By ▼ -0.52 (-6.33%)
BR100 4,570 Decreased By -108.2 (-2.31%)
BR30 17,697 Decreased By -926.7 (-4.98%)
KSE100 44,833 Decreased By -674 (-1.48%)
KSE30 17,652 Decreased By -274 (-1.53%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,037
824hr
Pakistan Cases
1,338,993
5,47224hr
Sindh
509,308
Punjab
455,499
Balochistan
33,744
Islamabad
112,557
KPK
182,619

WINNIPEG, (Manitoba): ICE canola futures plunged on Tuesday to a one-month low, dragged lower by a sell-off of crude and soyoil on fears about vaccine efficacy.

The head of drugmaker Moderna Inc said COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been against the Delta variant, causing oil prices to tumble.

Canola and soyoil prices are linked to crude through their use in biofuels.

Canola’s price crash was inevitable anyway, with crushers well-covered into spring, a broker said. Cash prices have begun to weaken in some parts of western Canada, he said.

January canola lost $40.30 or 3.9% to $987.10 per tonne, touching the lowest price for a most-active contract since Oct. 28.

January-March canola spread traded 4,022 times.

Comments

Comments are closed.