Trends - CBOT corn - Business Recorder

CBOT corn

CBOT soybeans neutral in $14.04-1/2 to $14.20-1/2 range

Signals on the daily chart are a bit bearish as well, as the contract is zigzagging up in a rising channel, which suggests a further drop into $13.76-3/4 to $13.95 range.

Published 12 Mar, 2021 10:51am

Markets

CBOT corn may test support at $5.29

The drop from $5.72 may have been driven by a wave 4, which will be reversed by a wave 5.

Published 11 Mar, 2021 01:05pm

Markets

CBOT wheat may retest support at $6.42

Under the repeated attacks by bears, this support may be broken on Thursday.

Published 11 Mar, 2021 12:40pm

Markets

Soybeans down 18-22 cents; wheat down 8-10 cents; corn down 5-8 cents

CBOT wheat sliding overnight after climbing Tuesday on increased Chinese demand for US wheat, noted in the US Department of Agriculture's monthly supply and demand report.
Ukraine's winter crops are in good condition, with limited areas of frost damage.

Published 10 Mar, 2021 07:44pm

Markets

CBOT soybeans may test resistance at $14.62-1/2

Key support is at $14.17-3/4, a break below which may be followed by a deep drop into $13.58-1/4 to $13.95 range.

Published 10 Mar, 2021 12:10pm

Markets

Wheat up 1-3 cents; soybeans, corn down 3-5 cents

CBOT wheat inching higher overnight after the USDA offered mixed ratings for US winter wheat conditions. Gains are limited by rain forecasts across the US Southern Plains.
Russian wheat export prices fell last week after two weeks of growth due to lower prices in Chicago and Paris, analysts said.

Published 09 Mar, 2021 08:45pm

Markets

CBOT soybeans may retest resistance at $14.62-1/2

On the daily chart, the contract is riding on a wave 5, which may travel to $15.51, as suggested by the depth of the wave 4.

Published 09 Mar, 2021 12:48pm

Markets

CBOT corn may retest support at $5.36-1/4

Resistance is at $5.47-3/4, a break above which could lead to a gain to $5.52.

Published 09 Mar, 2021 12:44pm

Markets

CBOT corn ends choppy session higher on South American weather concerns

The US Department of Agriculture reported export inspections of US corn in the latest week at 1,544,460 tonnes, in line with trade expectations for 1.2 million to 1.8 million tonnes.

Published 09 Mar, 2021 10:12am

Markets

CBOT soybeans approach 7-year high on South America weather woes

Brazilian farmers harvested an estimated 35% of the country's soybean acreage through last Thursday, down from 49% a year ago and the slowest pace in a decade, agribusiness consultancy AgRural said.

Published 09 Mar, 2021 10:10am

Markets

Soybeans up 10-13 cents; wheat up 3-6 cents; corn up 2-5 cents

CBOT wheat is supported by a strong soybean market, but pressure continues as weather forecasts for the US Southern Plains show beneficial rains for winter wheat there.
Wet weather continues to hamper Brazilian harvest and second crop corn planting, adding support to CBOT corn amid tight global stocks.

Updated 08 Mar, 2021 10:16pm

Markets

CBOT wheat may retest resistance at $6.61-3/4

A target of $6.16-1/2 will be established then.

Updated 08 Mar, 2021 05:10pm

Markets

CBOT Trends - Wheat, corn down 5-10 cents; soy down 9-12 cents

Benchmark CBOT May soft red winter wheat hit technical resistance overnight at its five-day moving average. Support was noted at its 20-day moving average.
Corn seen lower in profit-taking setback after rising 1.3% on Tuesday.

Published 03 Mar, 2021 07:41pm

Markets

Wheat up 5-7 cents; corn, soybeans down 2-4 cents

Wheat futures rebounding from three straight days of declines, supported by deteriorating crop conditions in the US Plains.
The US Agriculture Department lowered its good-to-excellent ratings for wheat in Kansas, Texas and Oklahoma.

Published 02 Mar, 2021 08:30pm

Markets

CBOT soybeans may break $13.78-1/4 and fall to $13.62-1/4

A break below $13.63 could confirm this wedge and a target of $13.11-3/4.

Published 02 Mar, 2021 01:32pm

Markets

CBOT corn may fall to $5.23-1/2

On the daily chart, corn is riding on a wave 4, which is unfolding towards $5.25-1/4.

Published 02 Mar, 2021 12:18pm

Markets

Soybeans rebound on hopes of strong demand for US supplies

Large speculators cut their net long position in CBOT corn futures in the week to Feb. 23, regulatory data released on Friday showed.

Published 01 Mar, 2021 01:09pm

Markets

Palm hits 7-week high tracking soyoil; weak Feb exports weigh

Dalian's most-active soyoil contract rose 3.1%, while its palm oil contract climbed 2.1%. Soyoil prices on the CBOT were up 0.9%.

Published 01 Mar, 2021 12:44pm

Markets

CBOT soybeans may fall to $14.04

A break above $14.45-3/4 could confirm the wedge as a bullish continuation pattern, which suggests a target around $15.50.

Published 01 Mar, 2021 10:07am

Markets

Soybeans down 18-23 cents, wheat down 11-12, corn down 5-9

Wheat futures head lower on profit taking at month's end and carry-over selling after Thursday's disappointing weekly US export sales report.
The CBOT reported no deliveries against CBOT March wheat on first notice day, as expected by traders, and 89 K.C. wheat deliveries, versus trade expectations for zero to 50 lots.

Published 26 Feb, 2021 08:58pm

Markets

CBOT soybeans may drop into $13.62-1/4 to $13.78-1/4 range

The current drop could be against the rise from $8.79. It may extend to $13.63.

Published 26 Feb, 2021 11:53am

Markets

Corn down 5-10 cents, wheat down 7-9, soybeans down 3-5

The US Department of Agriculture reported export sales of US old-crop wheat at 167,800 tonnes, a marketing year low that fell below a range of trade expectations, while new-crop sales totaled 14,800 tonnes.
Corn futures slid to session lows after the USDA's weekly export sales data fell below trade expectations.

Published 25 Feb, 2021 09:00pm

Markets

CBOT corn futures firmer

CHICAGO: Chicago Board of Trade corn futures closed firm on Tuesday, following a rally in the soybean market as ...

Published 25 Feb, 2021 04:58am

Markets

CBOT soybeans may retest resistance at $14.23-1/4

The correction is presumed to have ended at $14.05 and the uptrend has resumed. A fall below $14.05 could be extended into the range of $13.88 to $13.94-3/4.

Published 24 Feb, 2021 02:55pm

Markets

CBOT corn may retest resistance at $5.59-3/4

A break below $5.45-3/4 will make the wedge invalid. A bearish target zone of $5.30 to $5.37-3/4 will be established accordingly.

Published 24 Feb, 2021 01:41pm

Markets

CBOT wheat may test resistance at $6.76-3/4

A retracement analysis reveals a break above $6.62-3/4. The contract may climb into a range of $6.74-1/4 to $6.84.

Published 24 Feb, 2021 12:22pm

Markets

Wheat eases after rally; near 3-week high on cold weather worries

Still, showers on Argentina's Pampas grains belt in recent weeks have helped make up for the dryness that parched soybean and corn crops from the middle of last year, weather experts said on Monday.

Published 23 Feb, 2021 12:01pm

Markets

CBOT soybeans may test support at $13.76-3/4

The contract still faces a resistance at $13.89-1/4, only a break above which could signal an extension of the uptrend towards $14.09-1/2.

Published 22 Feb, 2021 11:22am

Markets

CBOT corn futures fall

CHICAGO: Chicago Board of Trade corn futures retreated on Thursday after the US Department of Agriculture (USDA)...

Updated 21 Feb, 2021 05:11pm

Markets

CBOT soybeans may fall to $13.56-3/4

The consolidation within a wedge may develop more.

Published 19 Feb, 2021 11:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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CBOT corn

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