Trends - Corn - Business Recorder

Corn

Corn, soy lower on easing weather threat; wheat holds firm

Forecasts show Midwest hot, dry spell less severe than feared.
Corn, soy markets also weigh China tensions, await USDA report.
Wheat supported by doubts over European harvest.

Published 08 Jul, 2020 05:44pm

Markets

CBOT corn futures rise

CHICAGO: Chicago Board of Trade corn futures rose on Monday on concerns that hot, dry weather in the US Midwest ...

Published 08 Jul, 2020 02:55am

Markets

US MIDDAY: Corn, soya slip

CHICAGO: US corn and soyabean futures eased on Tuesday as weather forecasts looked less threatening to America's...

Published 08 Jul, 2020 02:55am

Markets

Wheat steady-down 2 cents, corn and soybeans down 3-6 cents

Wheat futures slip after prior-session gains, tracking weakness in corn and soybeans and as the US dollar firmed.
Corn down on forecasts for improved rains in parts of the US Midwest and generally favorable crop ratings.

Published 07 Jul, 2020 07:41pm

Markets

CBOT corn futures climb

CHICAGO: Chicago Board of Trade corn futures hit a three-month high on Wednesday after the US Department of...

Published 03 Jul, 2020 02:59am

Markets

Corn holds near 3-1/2 month peak as crop outlook, demand assessed

Corn equals Wednesday high as area estimate, weather support.
Soybeans touch new 4-month top, wheat eases after rally.

Published 02 Jul, 2020 06:28pm

Markets

CBOT corn futures up as USDA plantings fall

CHICAGO: Chicago Board of Trade corn futures surged about 4% on Tuesday after the US Department of Agriculture...

Published 02 Jul, 2020 02:48am

Markets

US MIDDAY: Corn keeps surging

CHICAGO: US corn futures extended a rally on Wednesday to their highest in more than three months after a...

Published 02 Jul, 2020 02:48am

Markets

Corn extends rally after deep cut to US planting estimate

The most-active corn contract on the CBOT was up 1.2% by 1048 GMT at $3.54-3/4 a bushel, after reaching its highest since March 20 at $3.55.

Published 01 Jul, 2020 06:41pm

Markets

US MIDDAY: Corn, soya climb

CHICAGO: Chicago corn futures surged nearly 4% on Tuesday after the US Department of Agriculture reported that...

Published 01 Jul, 2020 03:09am

Markets

CBOT corn futures drop on favourable weather

CHICAGO: US corn futures declined for a fifth straight session on Friday and hit a nearly eight-week low as...

Published 30 Jun, 2020 03:10am

Markets

US MIDDAY: Corn, wheat higher

CHICAGO: Chicago corn futures rose on Monday on short-covering and talk that China was in the market for US corn...

Published 30 Jun, 2020 03:10am

Markets

Wheat, corn up 3-4 cents; soy steady-down 2 cents

Statistics Canada pegged Canadian wheat plantings at 25.0 million acres, compared to estimates for 25.2 million.
Corn supported by mild round of short-covering after front-month contract hit its lowest since May 12 on Friday.

Published 29 Jun, 2020 07:06pm

Markets

Corn firms from six-week low as market awaits US crop data

Corn helped by steady financial markets, caution before USDA data.
Expectations of bumper US harvest expected to keep a lid on prices.
Wheat also gains after harvest slide and as Algeria calls tender.

Published 29 Jun, 2020 06:01pm

Markets

Corn set for weekly loss on favourable US crop weather

Rains across US Midwest seen boosting corn, soy production.
IGC raises forecasts for 2020/21 global wheat, corn crops.
Grain markets turn focus to USDA June 30 acreage, stocks reports.

Published 26 Jun, 2020 04:56pm

Markets

Corn stays weak as US weather boosts crop prospects

Benign Midwest weather fuels expectations of big corn crop.
Soybeans also ease as coronavirus worries hang over market.
Wheat steadies after initial harvest slide.
Market awaits weekly export data, looks ahead to acreage report.

Published 25 Jun, 2020 05:12pm

Markets

CBOT corn futures fall to 3-week low

CHICAGO: US corn futures fell to a three-week low on Tuesday after the US Department of Agriculture (USDA)...

Published 25 Jun, 2020 02:49am

Markets

Corn steady-up 1 cent, soy mixed; wheat steady-down 1

Wheat flat to slightly lower, consolidating after last week's multi-month lows. Rallies capped by ample global supplies and seasonal pressure from the ongoing US winter wheat harvest.
CBOT July corn last traded up 1/2 cent at $3.25-1/2 per bushel.

Published 24 Jun, 2020 06:59pm

Markets

US MIDDAY: Corn drops

CHICAGO: US corn futures fell for a second straight session on Tuesday and touched a three-week low after US...

Published 24 Jun, 2020 03:13am

Markets

Corn drops to 3-week low on improved US crop rating

US corn rated 72% good-excellent, above analyst consensus.
Soybeans ease despite crop rating fall as China newsflow weighed.
Wheat resumes fall, pressured by northern hemisphere harvests.

Published 23 Jun, 2020 05:25pm

Markets

Corn drops

CHICAGO: US corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains...

Published 23 Jun, 2020 03:12am

Markets

Soybeans fall on crop development; wheat steady on short-covering

Corn futures weakened on forecasts of crop-boosting rain in the Midwest, which is expected to ease the impact of recent hot weather.

Published 16 Jun, 2020 12:05am

Markets

CBOT corn biased to retest resistance at $3.31

On the daily chart, the rise on Thursday was due to a support at $3.24-1/4, the 100pc projection level on a downward wave C from $4.20.

Published 12 Jun, 2020 04:50pm

Markets

CBOT corn falls on favorable US crop weather

CBOT July corn was down 6-1/4 cents at $3.27-1/2 a bushel at the close.
Rain associated with tropical depression Cristobal is bringing rain to Missouri and other parts of the Corn Belt.

Published 10 Jun, 2020 12:16am

Markets

CBOT corn rises on follow-through buying, short-covering

CBOT July corn was up 2-1/2 cents at $3.33-3/4 a bushel.
A trader said the unwinding of long soy/short corn spread trades helped lift corn futures.

Published 09 Jun, 2020 02:23am

Markets

CBOT corn may rise towards $3.32-1/4

The resistance is identified as the 86.4pc projection level of an upward wave C from $3.16, which is capable of travelling to or above $3.32-1/4.
Support is at $3.28-1/4, a break below which could cause a fall to $3.26.

Published 05 Jun, 2020 05:25pm

Markets

Taiwan's MFIG buys 65,000 tonnes corn from Brazil/US

The corn was purchased in a single consignment, all at an estimated premium of 124.57 US cents a bushel over the Chicago December 2020, corn contract, they said.
Shipment of some 40,000 to 65,000 tonnes of yellow corn was sought in September and Oct

Published 03 Jun, 2020 06:51pm

Markets

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

Shipment of some 40,000 to 65,000 tonnes of yellow corn is sought in September and October depending on origin supplied.
If sourced from the U.S. Pacific Northwest coast or South Africa, shipment is sought between Sept. 21 and Oct. 10.

Published 02 Jun, 2020 07:39pm

Markets

CBOT corn may retest support at $3.19-3/4

The trend followed the completion of a three-wave cycle from the April 29 low of $3.09-1/4.
On the daily chart, the bounce triggered by a support at $3.10-1/4 may have finished.

Published 02 Jun, 2020 06:08pm

Markets

CBOT corn may retest resistance at $3.30

The correction triggered by the resistance at $3.30 was much deeper than expected.

Published 01 Jun, 2020 05:05pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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