AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,676 Increased By 42.9 (0.56%)
BR30 25,471 Increased By 298.6 (1.19%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)
Markets

Corn down 2-4 cents, wheat down 1-3 cents, soy steady-down 2 cents

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board o
Published July 11, 2019

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

NOTE: Trade awaits the release of the US Department of Agriculture's monthly supply/demand report at 11 a.m. CST (1700 GMT).

WHEAT - Down 1 cent to 3 cents per bushel

* Market under pressure from poor export prospects, ongoing harvest of US winter wheat crop but trade expected to be thin ahead of WASDE report.

* USDA reported export sales of wheat at 284,400 tonnes in the latest week, near the low end of forecasts that ranged from 250,000 tonnes to 550,000 tonnes.

* CBOT September soft red winter wheat contract last traded down 1-1/2 cents at $5.03-1/4 a bushel. K.C. hard red winter wheat for September delivery was 1-3/4 cents lower at $4.39-3/4 a bushel and MGEX September spring wheat was down 1-3/4 cents at $5.27 a bushel.

CORN - Down 2 cents to 4 cents per bushel

* Technical pressure weighs on the corn market. Concerns about crop shortfalls in the United States expected to keep declines in check.

* Benchmark CBOT December corn futures fell below 10-day and 40-day moving averages during overnight trading session.

* Export sales of corn were 397,000 tonnes. Analysts' forecasts for the week had ranged from 250,000 tonnes to 700,000 tonnes.

* CBOT December corn futures last traded down 3-1/2 cents at $4.36 a bushel.

SOYBEANS - Steady to down 2 cents per bushel

* Most-active soybean futures contract hit 10-day high overnight before easing as traders squared positions ahead of USDA report.

* Benchmark CBOT November soybean contract found support at 100-day moving average during overnight trading.

* Weekly soybean export sales totaled 261,700 tonnes, near the low end of forecasts for 250,000 tonnes to 750,000 tonnes.

* CBOT November soybean futures last traded down 3/4 cent at $9.12.

Copyright Reuters, 2019

Comments

Comments are closed.