Trends - Wheat - Business Recorder

Wheat

Soy climbs on continued China buying; wheat up on global demand

Grains recover from Monday's losses.
Egypt tenders as Black Sea prices rise.
Corn capped by surprise crop ratings improvement.
Soybeans buoyed by strong meal demand.

Published 22 Sep, 2020 11:06pm

Markets

Paris wheat hits five-month high as Egypt tender fuels Russia rally

Front-month December milling wheat, the most active contract on Paris-based Euronext.
Its highest since April 23 and above Monday's five-month peak of 195 euro.

Published 22 Sep, 2020 10:42pm

Markets

South Korea's MFG passes in 70,000 T feed wheat tender

The tender had sought wheat sourced from worldwide origins for arrival in South Korea around Jan. 30, 2021.

Published 22 Sep, 2020 03:21pm

Markets

Punjab cabinet allows purchase of imported wheat from TCP

LAHORE: The Punjab Cabinet, which met here on Monday with Chief Minister, Sardar Usman Buzdar in the chair, accorded...

Published 22 Sep, 2020 02:39am

Markets

Wheat, soybeans and corn fall sharply on fund selling

The grains, led by a 3.7% drop in wheat that marked its biggest daily percentage decline since August 2019.
Strong demand from China had pushed soybeans to their highest in more than two years last week.

Published 22 Sep, 2020 01:44am

Pakistan

NDMA distributes 420 ton wheat, 29,000 tents among Sindh flood affectees

Lt Gen Muhammad Afzal assured the parliamentarian that NDMA will stand by people of affected areas and will continue its support for government and people of Sindh.

Published 21 Sep, 2020 08:08pm

Markets

CBOT wheat faces resistance at $5.77-1/4

The resistance is identified as the 61.8pc projection level of an upward wave (c) from $5.33-1/4.

Published 21 Sep, 2020 05:05pm

Markets

Russian wheat prices up sharply on strong demand, higher global benchmarks

Sovecon, another Moscow consultancy, pegged wheat up $6 at $228 a tonne at the end of last week and barley up $3 at $192 a tonne.

Published 21 Sep, 2020 03:05pm

Markets

Wheat: Open the floodgates

The shipments have finally arrived! After nearly yearlong wheat and flour shortfall, rollercoaster ride of wholesale...

Published 21 Sep, 2020 08:46am

Markets

Soy up 9-12 cents, wheat up 3-4 cents, corn steady-up 2 cents

Concerns about dry conditions limiting global production underpin wheat market.
Gains in wheat and soybeans support corn futures, which have risen 2.4% this week and hit their highest since March 10 overnight.

Published 18 Sep, 2020 06:08pm

Markets

Tunisia buys barley and durum in tender, no soft wheat

The grains can all be sourced from optional origins. The agency made no purchase of up to 42,000 tonnes of soft wheat also sought because of high prices.
The barley was bought in three 25,000 tonne consignments: with sellers said to be Dreyfus at $225.47 a tonne c&f, Glencore at $226.75 a tonne c&f and Aston at $223.00 a tonne c&f.

Updated 18 Sep, 2020 06:05pm

Markets

Euronext wheat higher

PARIS: Euronext wheat reversed from a two-week low to end higher on Wednesday as traders assessed news that Algeria...

Published 18 Sep, 2020 02:59am

ECC for wheat import in small quantities

ISLAMABAD: A special meeting of the Economic Coordination Committee (ECC) of the Cabinet has decided to import wheat...

Published 18 Sep, 2020 02:59am

Markets

KP to import 0.3m metric tons of wheat through TCP

PESHAWAR: The Khyber Pakhtunkhwa cabinet decided on Wednesday it would import 0.3 million metric tons of wheat...

Published 17 Sep, 2020 02:30am

Markets

Russian wheat prices rise on strong demand

MOSCOW: Russian wheat export prices rose for the third week in a row, supported by strong demand from major ...

Published 17 Sep, 2020 02:30am

Markets

European wheat futures down to 2-week lows

HAMBURG: European wheat futures fell on Tuesday to near two-week lows, pressured by a pullback in US and Russian...

Published 17 Sep, 2020 02:30am

Markets

FranceAgriMer cuts soft wheat export outlook

PARIS: Farm office FranceAgriMer on Wednesday lowered its forecast of French soft wheat exports in the current...

Published 17 Sep, 2020 02:30am

Markets

European wheat steady, demand in France thin

PARIS: European wheat was trading sideways on Monday, split between concern for feed demand after China banned ...

Published 16 Sep, 2020 02:46am

Wheat tender: Four int'l suppliers evince interest

KARACHI: In response to the Trading Corporation of Pakistan (TCP) wheat import tender, some 4 international ...

Updated 16 Sep, 2020 03:18am

ECC likely to allow import of wheat

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet, which is scheduled to meet on Wednesday (today), is...

Updated 16 Sep, 2020 03:19am

Markets

200,000MT of wheat from Russia: PASSCO exchanges draft documents for import

LAHORE: Pakistan Agricultural Storage and Services Corporation (PASSCO) on Monday exchanged the draft documents for...

Published 15 Sep, 2020 02:27am

Markets

Russian wheat prices rise further

MOSCOW: Russian wheat export prices rose for the third week in a row, supported by strong demand from major ...

Published 15 Sep, 2020 02:27am

Markets

Russian wheat prices rise further on strong demand from importers

Russia's September wheat exports seen at record level – Sovecon.
Domestic sunflower seed starts new season at record high prices

Published 14 Sep, 2020 04:57pm

BR Research

Punjab wheat price anomaly

Over the past 10 weeks, wheat flour prices in Lahore have declined by almost one-fifth. Timely release of wheat by...

Published 14 Sep, 2020 07:46am

Markets

Euronext wheat rises to 3-month high

PARIS: Euronext wheat rose on Thursday to its highest level in over three months as brisk demand from importers...

Published 13 Sep, 2020 02:24am

Markets

Euronext wheat steady after 8-week high

PARIS: Euronext wheat ended flat to slightly higher on Wednesday, after setting a new high since mid-July, as the...

Published 11 Sep, 2020 02:42am

Markets

Wheat up 5-8 cents, corn up 2-3 cents, soy steady-up 2 cents

Wheat firming on bargain buying after five straight days of declines. Strong world demand supportive.
CBOT December corn futures rose above their 200-day moving average overnight.

Published 10 Sep, 2020 07:35pm

Markets

European wheat futures little changed

HAMBURG: European wheat futures in Paris were little changed on Tuesday after earlier hitting seven-week highs, as...

Published 10 Sep, 2020 02:29am

Markets

Egypt sets up commodities exchange for wheat, oils, sugar and rice

CAIRO: Egypt on Wednesday announced the formation of a commodities exchange which will initially trade wheat, oils,...

Published 10 Sep, 2020 02:29am

Markets

Turkey to buy 500,000 tonnes of wheat

HAMBURG: Turkey's state grain board TMO has issued an international tender to purchase a total of some 500,000 ...

Published 09 Sep, 2020 02:38am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.40
USD PKR Interbank Buying / Jun 4	278.20
USD to Japanese Yen / Jun 4	156.01
USD to Swiss Franc / Jun 4	0.90
Pound Sterling to USD / Jun 4	1.28
Euro to USD / Jun 4	1.09

Stock	Volume
S&P 500 / Jun 3	5283.40
Nasdaq / Jun 3	16828.67
Dow Jones / Jun 3	38571.03
India Sensex / Jun 4	70382.44
Tokyo Nikkei / Jun 4	38837.46
Hang Seng / Jun 4	18525.93
FTSE 100 / Jun 4	8215.10
Germany DAX 30 / Jun 4	18525.10

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 3	19935
Crude Oil USD/Barrel / Jun 4	73.30
Gold 10 Grams PKR / Jun 4	206619
Gold Spot USD/Ounce / Jun 4	2346.95
Cotton US¢/pound / Jun 4	73.74
Petrol/Litre / Jun 5	268.36

Gainers
Losers
Leaders

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

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

Stock	Volume
P.I.A.C.(A) / Jun 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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