AIRLINK 75.15 Increased By ▲ 0.30 (0.4%)
BOP 5.00 Increased By ▲ 0.02 (0.4%)
CNERGY 4.55 Increased By ▲ 0.06 (1.34%)
DFML 42.06 Increased By ▲ 2.06 (5.15%)
DGKC 87.10 Increased By ▲ 0.75 (0.87%)
FCCL 21.59 Increased By ▲ 0.23 (1.08%)
FFBL 33.90 Increased By ▲ 0.05 (0.15%)
FFL 9.77 Increased By ▲ 0.05 (0.51%)
GGL 10.53 Increased By ▲ 0.08 (0.77%)
HBL 114.75 Increased By ▲ 2.01 (1.78%)
HUBC 139.80 Increased By ▲ 2.36 (1.72%)
HUMNL 11.80 Increased By ▲ 0.38 (3.33%)
KEL 5.23 Decreased By ▼ -0.05 (-0.95%)
KOSM 4.70 Increased By ▲ 0.07 (1.51%)
MLCF 38.10 Increased By ▲ 0.30 (0.79%)
OGDC 139.40 Decreased By ▼ -0.10 (-0.07%)
PAEL 26.10 Increased By ▲ 0.49 (1.91%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.84 Increased By ▲ 0.04 (0.59%)
PPL 123.50 Increased By ▲ 1.30 (1.06%)
PRL 26.86 Increased By ▲ 0.28 (1.05%)
PTC 14.02 Decreased By ▼ -0.03 (-0.21%)
SEARL 59.61 Increased By ▲ 0.63 (1.07%)
SNGP 68.85 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.40 Increased By ▲ 0.10 (0.97%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.21 Increased By ▲ 0.15 (1.36%)
TRG 64.32 Increased By ▲ 0.13 (0.2%)
UNITY 26.60 Increased By ▲ 0.05 (0.19%)
WTL 1.46 Increased By ▲ 0.01 (0.69%)
BR100 7,943 Increased By 105.5 (1.35%)
BR30 25,639 Increased By 187.1 (0.73%)
KSE100 76,008 Increased By 893.9 (1.19%)
KSE30 24,452 Increased By 338.3 (1.4%)
Markets

Soy down 5-6 cents, corn down 1-3, wheat down 4-5

CHICAGO: Following are US trade expectations for the opening of grain and soy complex trading at the Chicago Board o
Published July 15, 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 Monday.

WHEAT - Down 4 to 5 cents per bushel

* Wheat lower, following downturns in soybeans and corn. Additional pressure noted from the ongoing US winter wheat harvest.

* Russia's IKAR agriculture consultancy lowered its 2019 wheat output forecast to 77.5 million tonnes from 78.5 million tonnes previously.

* The supplement to the US Commodity Futures Trading Commission's weekly commitments report showed large speculators expanded their net short position in CBOT wheat by about 6,000 contracts in the week to July 9, to 19,704 lots.

* For K.C. hard red winter wheat, the CFTC's supplemental report showed large speculators trimmed their net short by about 1,200 contracts, to 16,232 lots.

* CBOT September soft red winter wheat contract last traded down 4-3/4 cents at $5.18-1/4 a bushel. K.C. hard red winter wheat for September delivery was down 5-1/4 cents at $4.62 a bushel and MGEX September spring wheat was down 2-3/4 cents at $5.40 a bushel.

CORN - Down 1 to 3 cents per bushel

* Corn futures head lower, following a downturn in soybeans on ideas that showers from the remnants of Tropical Storm Barry will bring welcome moisture to crops in the Mississippi River Delta and the eastern Corn Belt. Market underpinned by forecasts for hot and mostly dry weather elsewhere in the US crop belt, and prospects for a drop in corn condition ratings.

* The supplement to the CFTC's weekly commitments report showed large speculators slightly expanded their net long position in CBOT corn by 226 contracts in the week to July 9, to 131,024 lots.

* CBOT December corn futures last traded down 3-1/2 cents at $4.50-3/4 a bushel.

SOYBEANS - Down 5 to 6 cents per bushel

* Soybeans lower, turning down after a firm open on expectations that rains from the remnants of Tropical Storm Barry will bring beneficial moisture to crops in the Mississippi River Delta and eastern Midwest.

* China's pig herd shrank 25.8% in June compared with the same month a year earlier, while the sow herd contracted 26.7%, the Ministry of Agriculture and Rural Affairs said.

* Market awaits monthly crush data due Monday from the National Oilseed Processors Association.

* The CFTC's weekly commitments report showed large speculators widened their net short position in CBOT soybeans by about 4,000 contracts in the week to July 9, to 62,103 lots.

* CBOT August soybeans last traded down 6-3/4 cents at $9.06-1/2 a bushel and new-crop November was last down 6-1/2 cents at $9.25 a bushel.

Copyright Reuters, 2019

Comments

Comments are closed.