Trends - Corn - Business Recorder

Corn

CBOT corn may retest resistance at $4.49-1/2

Support is at $4.46-3/4, a break below which could cause a fall into the $4.43-3/4 to $4.45-1/2 range.

Published 24 Dec, 2020 09:46am

Markets

NY coffee may rise towards $1.2665

The uptrend from $1.2040 looks incomplete. It seems to have adopted an impulsive wave mode. A small triangle is contracting to a point. It is a bullish continuation pattern.

Published 24 Dec, 2020 09:37am

Markets

Soybeans gain as South American supply falters

Wheat and corn followed soybeans, supported by Argentina's export woes and concerns over prolonged dryness for developing South American crops.

Published 24 Dec, 2020 03:13am

Markets

Palm oil may test support at 3,381 ringgit

A break above 3,426 ringgit may lead to a gain to 3,474 ringgit.

Published 23 Dec, 2020 10:28am

Markets

CBOT corn still targets $4.45-1/2 to $4.47-3/4 range

Support is at $4.41-1/2, a break below which could cause a fall to $4.39.

Published 23 Dec, 2020 09:43am

Markets

NY coffee may fall to $1.2235

8 A realistic target will be $1.2235, the 23.6% retracement. A break above $1.2450 could lead to a gain into $1.2545-$1.2665 range.

Published 22 Dec, 2020 12:04pm

Markets

CBOT soybeans may rise into $12.56-$12.61 range

Support is at $12.47-1/2, a break below which could cause a fall to $12.42-1/2.

Published 22 Dec, 2020 09:51am

Markets

CBOT corn may rise into $4.45-1/2 to $4.47-3/4 range

Chances are it may extend into the target zone, following the deep correction on Monday.

Published 22 Dec, 2020 09:49am

Markets

Brent oil may seek support in $51.05-$51.24 zone

It is too early to confirm a reversal of the uptrend, simply based on the drop from the Dec. 18 high of $52.48. Resistance is at $51.83, a break above which could lead to a gain to $52.15.

Published 21 Dec, 2020 10:14am

Markets

Palm oil may retest resistance at 3,474 ringgit

Support is at 3,426 ringgit, a break below which could cause a fall into the 3,348-3,381 ringgit range.

Published 21 Dec, 2020 10:05am

Markets

CBOT soybeans may test resistance at $12.34

Support is at $12.25-3/4, a break below which could cause a fall to $12.15-3/4.

Published 21 Dec, 2020 09:46am

Markets

Soybeans hit more than six-year high on global supply concerns

Markets were concerned about dry weather in South America that could curtail soybean and corn production.

Published 21 Dec, 2020 09:38am

Markets

CBOT corn may rise into $4.41-1/2 to $4.43 range

The resistance is identified as the 176.4% projection level of an upward wave 3 from $4.20-1/2. This wave is expected to travel into a range of $4.45-1/2 to $4.47-3/4.

Published 21 Dec, 2020 09:28am

Markets

CBOT wheat may retest support at $6.05

The third wave labelled c is expected to travel into a range of $5.99-1/4 to $6.02-1/4. A break above $6.11 could lead to a gain into $6.14-3/4 to $6.18 range.

Published 21 Dec, 2020 09:13am

Markets

EU wheat firm on South America weather, Russia export uncertainty

March milling wheat on Paris-based Euronext was up 0.75 euros, or 0.4pc, at 208.00 euros a tonne by 1503 GMT.

Updated 18 Dec, 2020 09:11pm

Markets

Soybeans extend run to 6-year high; South American weather in focus

The most active soybean futures on the Chicago Board Of Trade were up 0.9pc at $12.12 a bushel at 1154 GMT, after earlier rising to a 6-1/2 year high of $12.16-1/4.

Published 18 Dec, 2020 06:08pm

Markets

Soybeans hit more than six-year high on strong demand, South American concerns

Wheat prices in western European markets were little changed as improved crop outlooks in several rival exporters kept a lid on the market.

Published 18 Dec, 2020 10:12am

Markets

US corn, wheat and soybeans rally with exports in focus

"We are at the crucial time," said Mark Schultz, chief market analyst at Northstar Commodity. "They better start getting the moisture."
Chicago Board of Trade January soybean futures settled up 17-1/2 cents at $12.01-1/4 a bushel. CBOT March corn futures gained 5-1/4 cents to $4.32-1/2.

Published 18 Dec, 2020 03:27am

Markets

Jordan tenders to buy 120,000 tonnes feed barley

A new tender had been expected after Jordan made no purchase in its previous barley tender also seeking 120,000 tonnes on Tuesday.

Published 17 Dec, 2020 12:27pm

Markets

Will China boost corn output or become a permanent importer?

But around April this year, the country's corn prices began to rise. Between May and September, the ministry held several reserve auctions, which were cleaned out almost every time despite the high costs.

Published 17 Dec, 2020 10:49am

Markets

Soybeans edge higher on concerns over South America crop

US soy processors crushed 181.018 million bushels of soybeans in November, their third-largest monthly crush on record, the National Oilseed Processors Association said.MARKET NEWS

Published 17 Dec, 2020 10:20am

Markets

Palm extend gains tracking rival oils

US soybean futures edged higher as concerns over production in South America supported prices.

Published 17 Dec, 2020 09:37am

Markets

Bangladesh withdraws tender to buy 50,000 tonnes wheat

A notice sent to traders said the tender will be suspended because of "unavoidable" circumstances. Details were not given.

Published 16 Dec, 2020 11:58am

Markets

Bullish crush data sparks rally in US soybeans; corn, wheat firm

The strength in soybeans pulled corn higher, which closed in positive territory after trading lower for much of the session.
US soy processors crushed 181.018 million bushels of soybeans in November.

Published 16 Dec, 2020 02:05am

Markets

Wheat regains ground as Egypt tender keeps focus on Russian exports

Soybeans and corn edged lower as weather forecasts pointing to heavier rain next week in central Brazil easing concerns about persisting dryness in crop belts.

Published 15 Dec, 2020 06:36pm

Markets

Traders union UGA sees Ukraine's 2020/21 corn exports falling to 24mn T

"According to various estimates, we will harvest from 28 to 30 million tonnes (of corn) and export could amount to 24 million tonnes".

Published 15 Dec, 2020 04:29pm

Markets

Ukraine wheat export prices flat, corn down

It said farmers had almost completed the 2020 corn harvest, threshing 28.8 million tonnes of the commodity from 98% of the sowing area.

Published 14 Dec, 2020 12:32pm

Markets

Wheat hits near three-week high

The most active corn futures were up 1.1% at $4.29 a bushel, having gained 0.5% in the previous session.

Published 14 Dec, 2020 09:04am

Markets

Asia Rice-Indian rates extend gains to over 2-month high on fresh orders

Prices for the top exporter's 5% broken parboiled variety rose to $378-$383 per tonne, their highest since the week of Sept. 24, from $375-$381 last week.

Published 11 Dec, 2020 11:36am

Markets

Soybeans set for second weekly decline on smaller cuts to supplies

Brazil's CONAB also cut its corn and soybean crop outlooks on Thursday, citing dry conditions.

Published 11 Dec, 2020 11:11am

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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