AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

US corn futures rose to a 3-1/2-week high on Friday as China booked its largest purchase of the grain in more than 5 years and as flooding in the western US Midwest raised concerns over spring planting. Technical selling and profit-taking later pulled corn from the highs, although the market closed with a second straight weekly gain.
Soyabeans fell for the first time in three sessions on worries over demand for ample US supplies as Brazilian farmers are harvesting a bumper crop.
Wheat futures drifted lower in a profit-taking pullback from earlier 3-1/2 week highs.
The US Department of Agriculture announced corn sales totaling 300,000 tonnes to China on Friday following weeks of rumors that Beijing was poised to make a goodwill purchase of the grain amid ongoing US-China trade talks.
Grains futures were anchored by a broader commodities market selloff and as a firming US dollar, particularly against the currencies of rival exporters Brazil and Argentina, stoked concerns about US export demand.
Flooding in the western US Midwest remained a focus for grains markets as large swathes of Iowa and Nebraska - two of the top three corn-producing states - are under water.
The USDA is due to release its annual planting prospects report next Friday.
A farmer survey by crop advisory firm Farm Futures on Friday said US growers will plant 1.9 percent more corn acres this year and 3.7 percent less soyabeans.
Chicago Board of Trade May corn futures settled up 2 cents at $3.78-1/4 a bushel, ending 1.3 percent higher on the week.
May soyabeans were down 6-3/4 cents at $9.03-3/4 a bushel. The 0.6 percent weekly decline was its third drop in four weeks.
CBOT May wheat ended down 1/2 cent at $4.66 a bushel after earlier hitting a 3-1/2 week high of $4.73-3/4. The contract closed the week up 0.8 percent, its second straight weekly advance after falling in the previous five weeks.

Copyright Reuters, 2019

Comments

Comments are closed.