Trends - CBOT soybean - Business Recorder

CBOT soybean

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 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

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 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 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 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

CBOT soyabeans rise on slow harvest

CHICAGO: Chicago Board of Trade soyabean futures rose on Monday on support from harvest delays in South America....

Published 24 Feb, 2021 05:24am

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 fall to $13.56-3/4

The consolidation within a wedge may develop more.

Published 19 Feb, 2021 11:28am

Markets

CBOT wheat may retest support at $6.38-1/4

This wave has a complex structure, consisting of three smaller waves.

Published 18 Feb, 2021 02:35pm

Markets

CBOT soybeans may revisit Feb. 9 high of $14.09-1/2

On the daily chart, there is a similar resistance at $13.97. The sideways move over the past two days could be due to an accumulation of the bullish momentum.

Published 18 Feb, 2021 11:17am

Markets

CBOT corn may test resistance at $5.55-3/4

On the daily chart, corn has broken a resistance at $5.51. It is likely to test the next resistance at $5.59, a break above which could lead to a gain to $5.72-1/2.

Published 18 Feb, 2021 11:08am

Markets

CBOT soybeans may revisit Feb. 9 high of $14.09-1/2

This is the last barrier towards $14.36-1/2. It is the third attempt of the contract to break this resistance. It may succeed.

Published 17 Feb, 2021 12:39pm

Markets

CBOT wheat may retest support at $6.25-3/4

The support is provided by the 76.4% projection level of a downward wave c from $6.60-1/2. This wave is expected to travel to $6.15-1/4, its 100% projection level.

Published 11 Feb, 2021 12:18pm

Markets

CBOT corn may hover above $5.23-1/2

On the daily chart, the current fall is presumed to be against the uptrend from $4.14-1/2.

Published 11 Feb, 2021 10:04am

Markets

CBOT soybeans may rise into $14.15-1/4 to $14.38-1/4 range

Chances are the contract may fail to break $14.01-1/4 in its first attempt and then retreat moderately towards $13.89-3/4. A rise to $14.03 may confirm a break above $14.01-1/4.

Published 09 Feb, 2021 10:53am

Markets

CBOT soybeans may drop to $13.57-3/4

A downwards wave C could be progressing, which is capable of traveling far below $12.98. A break above $13.80-1/2 could lead to a gain to $13.94-3/4.

Published 08 Feb, 2021 10:28am

Markets

CBOT soybeans may retest resistance at $13.83

A break below $13.50-1/2 will not only cause a fall to $13.30-1/2, but also signals an extension of the downtrend from $14.35-3/4.

Published 02 Feb, 2021 12:10pm

Markets

CBOT soybeans may rise into $14.03 to $14.35-3/4 range

A failure to break $13.97 may be followed by a drop towards $13.54-1/2 again.

Published 01 Feb, 2021 12:22pm

Markets

CBOT corn may rise into $5.60-1/4 to $5.63-1/4 range

Support is at $5.50-3/4, a break below which could cause a fall into $5.40-1/4 to $5.43-1/4 range. On the daily chart, the contract is rising towards a zone of $5.60 to $5.73-1/4.

Published 01 Feb, 2021 12:06pm

Markets

CBOT soybeans target of $14.35-3/4 aborted

The contract lost its bullish momentum even below the resistance at $14.03, the 76.4% retracement of the fall from $14.35-3/4.

Published 28 Jan, 2021 11:09am

Markets

Corn hits 2-week high on China demand, soybeans rise as rains disrupt Brazil harvest

Rains disrupted harvest in Brazilian soybean-growing areas, slowing down field work in the world's largest soy producer and potentially delaying planting of the country's second corn crop.

Published 27 Jan, 2021 02:59pm

Markets

CBOT soybeans may revisit Jan. 14 high of $14.35-3/4

This break is regarded as a convincing signal that the downtrend will be completely reversed. A drop to $13.78 could suggest the break was false, and the target has to be temporarily aborted.

Published 27 Jan, 2021 02:55pm

Markets

CBOT corn may rise into $5.46-1/2 to $5.51-3/4 range

A realistic target will be $5.46-1/2 or $5.51-3/4. Support is at $5.30-3/4.

Published 27 Jan, 2021 02:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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