Trends - Wheat - Business Recorder

Wheat

China plans wheat, rice sales to tame surging corn prices

BEIJING: China plans to sell rice and wheat from state reserves to animal feed producers who are struggling with ...

Published 22 Jul, 2020 02:47am

Markets

Paris wheat lower as euro rises, harvests progress

PARIS: Paris wheat closed lower on Monday, pressured by better-than-expected crop yields as harvests progress in...

Published 22 Jul, 2020 02:47am

Markets

Russian wheat export prices up amid slow supply

MOSCOW: Russian wheat export prices rose for the second consecutive week last week due to the slow pace of...

Published 22 Jul, 2020 02:47am

Import of wheat: 60 percent regulatory duty abolished

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished 60 percent regulatory duty on the import of wheat from...

Published 22 Jul, 2020 02:47am

Markets

CBOT wheat ends higher as US currency weakens

CBOT September soft red winter wheat settled up 5-3/4 cents at $5.27-3/4 per bushel.
The USDA said 74% of US winter wheat has been harvested, up from 68% last week. Analysts had expected 79%.

Published 22 Jul, 2020 12:43am

Markets

Paris wheat ticks up after falls, follows US markets higher

The export-punishing rise of the euro to 4-1/2 month highs after European Union countries struck a deal on a massive stimulus plan was capping gains.
There is not enough news on the harvest to justify a massive fall so we are following the US market in the meantime.

Published 21 Jul, 2020 11:11pm

Markets

Egypt's GASC buys 115,000 tonnes of Ukrainian wheat in tender

GASC was seeking an unspecified quantity of wheat for Aug. 21-31 shipment period.
Cofco 60,000 Ukrainian wheat at $208.98 and $15.50 freight equating to $224.48 from Ochakov port in Ukraine

Published 21 Jul, 2020 10:45pm

Markets

Ethiopia postpones tender to buy 400,000 tonnes wheat

Ethiopia had on June 9 also cancelled a planned purchase of 400,000 tonnes of wheat provisionally bought in May.

Published 21 Jul, 2020 04:33pm

Markets

CBOT wheat may test support at $5.16-1/2

The support is identified as the 100pc projection level of an uptrend from $4.87-3/4.

Published 21 Jul, 2020 04:31pm

Markets

China plans wheat, rice sales to tame surging corn prices

Beijing may offload about 10 million tonnes of rice in the first batch of sales, according to one of the sources who was briefed on the plan.

Published 21 Jul, 2020 03:14pm

Business & Finance

Govt issued 288 wheat import permits so far

The first shipment carrying about 66,000 tons of wheat will arrive in the country next month while the second shipment of 70,000 tons is expected to arrive in September.

Published 21 Jul, 2020 12:09pm

Pakistan

'NFS&R ensuring supply of wheat at affordable price'

ISLAMABAD: The Ministry of National Food Security and Research (NFS&R) is ensuring supply of wheat at affordable...

Updated 21 Jul, 2020 04:14am

Markets

Saudi Arabia liberalises wheat imports for flour mills

DUBAI: Saudi Arabia's state grain buyer SAGO said on Monday that companies that buy its flour mills will be able to...

Published 21 Jul, 2020 02:55am

Markets

CBOT wheat ends down on stronger US dollar

CBOT September soft red winter wheat settled down 12-3/4 cents at $5.22 per bushel.
Winter wheat harvest is expected to be 79% complete, up from 68% a week earlier. Estimates ranged from 75% to 85%.

Published 21 Jul, 2020 12:04am

Markets

Taiwan tenders for 98,230 tonnes wheat of US-origin

The tender seeks a range of different wheat types in two consignments for shipment from the US Pacific Northwest coast.

Published 20 Jul, 2020 05:04pm

Markets

CBOT wheat may bounce to $5.38-1/4 before falling

The contract found a support at $5.30-3/4, which is strengthened by another one at $5.32-1/2, the 23.6pc retracement of the cycle.

Published 20 Jul, 2020 05:02pm

Markets

Ukraine wheat export prices add $4 over the past week

Its 2020/21 July-June season grain exports remain slow at 719,000 tonnes so far versus around 1.7 million tonnes at the same point last season.

Published 20 Jul, 2020 03:55pm

Markets

Business community for immediate action to curb wheat crisis

KARACHI: Business community has urged the government to take immediate action for wheat import to curb the emerging...

Published 19 Jul, 2020 02:41am

Private sector books 270,000 metric tons of wheat for Aug, Sept

ISLAMABAD: Private sector has booked 270,000 metric tons of wheat on four vessels for August and September. Federal...

Published 19 Jul, 2020 02:41am

Markets

Euronext wheat falls as US rally fizzles out

PARIS: Euronext wheat fell on Thursday as Chicago futures retreated from a surge the day before, with traders ...

Published 18 Jul, 2020 02:47am

Markets

Wheat import permits issued in compliance with ECC decision

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R)'s Department of Plant Protection (DPP)...

Published 18 Jul, 2020 02:47am

Wheat flour prices surge to Rs 60 per kg

KARACHI: Wheat flour prices rose sharply by Rs 6 per kilogram in the domestic market on panic buying of wheat ...

Published 18 Jul, 2020 02:47am

Business & Finance

Corn, soybeans up 2-3 cents; wheat up 1-3 cents

Technical buying, end-of-week short-covering expected in wheat market.
Recent Chinese purchases of US corn also supportive.
Signs of rising Chinese demand for US soybeans prices.

Published 17 Jul, 2020 07:47pm

Markets

Euronext wheat futures rise for second day

PARIS: Euronext wheat futures rose for a second day on Wednesday, lifted by an accelerating rally in Chicago as...

Published 17 Jul, 2020 02:53am

Markets

Flour prices shoot up due to wheat hoarders: millers' body

HYDERABAD: The Flour Mill Owners' Social Welfare Association president Haji Mohammed Hafeez Khanzada said due to...

Published 17 Jul, 2020 02:53am

Markets

Wheat holds near 3-month top on China demand talk, world crop risks

Wheat edges down after 4% jump on Wednesday.
Talk of China buying US wheat, harvest doubts fuel rally.
Corn, soybeans stay firm on China demand, Midwest weather risks.

Published 16 Jul, 2020 05:26pm

Markets

Wheat procurement, import: ECC voices anger at failure

ISLAMABAD: The Econ-omic Coordination Committee (ECC) of the Cabinet has expressed its anger at failure to ensure...

Published 16 Jul, 2020 02:38am

Markets

European wheat futures rise on firmer US markets

HAMBURG: European wheat futures in Paris rose on Tuesday, supported by firmer US markets and expectations of a...

Published 16 Jul, 2020 02:38am

BR Research

Wheat prices: temporary respite?

National wheat prices appear to have finally plateaued. For the week ending 09-July, 10kg wheat bag price as tracked...

Published 15 Jul, 2020 08:09am

Markets

Paris wheat retreats

PARIS: Euronext wheat fell on Monday, in retreat from a seven-week high struck last week as a stronger euro and...

Published 15 Jul, 2020 02:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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