Trends - CBOT wheat - Business Recorder

CBOT wheat

Soy down 40-55 cents, corn down 25-35 cents, wheat down 20-30 cents

CBOT July soft red winter wheat was last down 22-1/4 cents at $6.58-1/2 per bushel; K.C. July hard red winter wheat was last off 23-1/2 cents at $6.14-1/2 per bushel, and MGEX July spring wheat lost 34 cents to $7.30-3/4 per bushel.

Published 14 Jun, 2021 06:12pm

Markets

Palm extends fall to hit over 4-month low on cheaper US soyoil

CBOT soybean and soyoil prices fell more than 2% each, weighed down by a possible US move to reduce biodiesel production.

Published 14 Jun, 2021 12:19pm

Markets

Soy down 12-23 cents, corn down 8 to 13 cents, wheat down 5-7 cents

Russian agriculture consultancy Sovecon said on Friday that it had raised its forecast for Russia's 2021 wheat crop by 1.5 million tonnes to 82.4 million tonnes.
CBOT July corn was last down 8-1/4 cents to $6.90-3/4 per bushel, while new-crop December corn eased 12-1/4 cents to $6.04-1/4.

Published 11 Jun, 2021 06:41pm

Markets

CBOT wheat may rise to $7.03-1/2

A break below $6.69-1/2 could confirm a double-top forming around $7.03-1/2, which will then suggest a target of $6.39-1/2.

Published 11 Jun, 2021 01:39pm

Markets

CBOT soybeans may test support at $15.31-1/4

A break above $15.57-1/4 could lead to a gain into $15.78-1/4 to $15.99-1/4 range. On the daily chart, the uptrend remains intact, as an upward wave (5) is yet to unfold.

Published 11 Jun, 2021 11:13am

Markets

Wheat extends fall, corn rises ahead of USDA report

Rain forecast for US, Canadian wheat growing areas add pressure.
Corn extends gains, soybeans edge higher ahead of US report.

Published 10 Jun, 2021 04:54pm

Markets

CBOT corn may retest resistance at $7.01-3/4

Corn has failed twice to break $7.01-3/4, it is highly likely to succeed this time, as the wave (3) has a fierce character.

Published 10 Jun, 2021 11:16am

Markets

CBOT soybeans set to retest resistance at $16.25-1/4

The third wave is ready to travel towards $16.41-3/4.

Published 10 Jun, 2021 11:13am

Markets

CBOT wheat may rise towards $7.18-1/2

Most likely, the current rise will consist of five waves as well.

Published 07 Jun, 2021 11:36am

Markets

CBOT corn may revisit the May 11 high of $7.32-1/2

On the daily chart, corn could be riding on an extended fifth wave which is often seen in commodity markets.

Published 07 Jun, 2021 11:35am

Markets

CBOT soybeans may rise to $16.67-1/2

On the daily chart, the wave count is a bit different. The contract is riding on a wave (5) which is expected to travel above the peak of the wave (3) at $16.67-1/2.

Published 07 Jun, 2021 11:32am

Markets

Wheat up 4-6 cents, corn up 9-12 cents, soy up 15-20 cents

The US Agriculture Department (USDA) on Friday morning said that weekly export sales of wheat totaled 365,100 tonnes, in line with trade estimates that ranged from 175,000 to 600,000 tonnes.

Published 04 Jun, 2021 07:06pm

Markets

CBOT soybeans may rise to $16.25-1/4 per bushel

This wave has overcome the barrier at $15.73. It is expected to extend towards the next resistance at $16.41-3/4.

Published 03 Jun, 2021 12:06pm

Markets

CBOT wheat may retest resistance at $7.03-1/2

This impulsive wave mode is highly consistent with the one from the May 26 low of $6.39-1/2. The consistency confirms a steady uptrend from $4.96-1/4.

Published 02 Jun, 2021 12:07pm

Markets

CBOT soybeans may retreat into $15.24-1/4 to $15.33-1/2 range

This wave has completed its first part.

Published 02 Jun, 2021 12:06pm

Markets

CBOT corn may test resistance at $7.01-3/4

A drop to $6.79 could make this wave count invalid, a bearish target of $6.67-1/2 will be established accordingly. On the daily chart, corn could be riding on an extended fifth wave.

Published 02 Jun, 2021 12:03pm

Markets

CBOT wheat may test resistance at $6.88-1/4

A retracement analysis on the trend reveals a target zone of $7.03-1/2 to $7.18-1/2. Support is at $6.69-1/2, a break below which may cause a fall to $6.58.

Published 01 Jun, 2021 11:34am

Markets

CBOT wheat may retest a support at $6.39-1/2

Wave pattern suggests a lower target of $5.92-1/4, the bottom of the wave B. No matter where the drop ends, a decent bounce may occur around $6.17.

Published 27 May, 2021 12:02pm

Markets

CBOT corn may retest support at $6.08-1/2

As a result, the pullback may end around $6.31-3/4. A rise to $6.36 may confirm a break above $6.31-3/4 and a target of $6.46-1/2.

Published 27 May, 2021 12:01pm

Markets

CBOT soybeans may retest support at $14.89-3/4

A break above $15.11-3/4 may lead to a gain into $15.24-1/4 to $15.47 range. On the daily chart, the support at $15.04-1/4 failed to hold.

Published 27 May, 2021 12:00pm

Markets

Wheat steady-up 5 cents, corn down 2-5 cents, soy up 6-10 cents

Wheat seen steady to firm, with MGEX spring wheat contracts rising on support from concerns about dry conditions in the northern US Plains.
The USDA said corn planting was 90% complete, 10 percentage points ahead of the five-year average.

Published 25 May, 2021 07:52pm

Markets

Palm oil set for first daily gain after four-day losing streak

The contract slumped 11% last week, the sharpest in a year, as a resurgence in COVID-19 cases and lockdown measures in India hit demand.

Published 25 May, 2021 12:39pm

Markets

CBOT soybeans may test resistance at $15.47

Regardless of final ending point of this wave, the uptrend will remain intact.

Published 25 May, 2021 12:29pm

Markets

CBOT corn may approach $6.71 again

A break below $6.47-1/2 may cause a fall to $6.33. On the daily chart, the contract looks sideways around a support at $6.52-1/4.

Published 25 May, 2021 12:12pm

Markets

CBOT corn may retreat into $6.39-3/4 to $6.47-1/2 range

On the daily chart, the bounce over the past few days consists of a few candlesticks with very small bodies.

Published 21 May, 2021 12:25pm

Markets

CBOT soybeans may test support at $15.11-3/4

On the daily chart, the contract is sliding towards $15.04-1/4.

Published 21 May, 2021 12:19pm

Markets

Corn jumps 1% on strong Chinese demand; wheat recovers

Crop scouts on the second day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the southwestern portion of the state at 56.7 bushels per acre, up from 47.6 bushels in 2019.

Published 20 May, 2021 10:57am

Markets

Corn rises after another sale to China; wheat, soybeans fall

CBOT July soybean futures ended down 13-1/4 cents at $15.74-1/4 a bushel, settling below its 10-day moving average for the first time in five weeks.

Published 19 May, 2021 12:12pm

Markets

CBOT soybeans may test support at $15.58-1/2

The contract consolidated above a support at $15.79-1/4 for a few days. It is facing a stronger support at $15.58-1/2, which may hold and trigger a bounce as well.

Published 19 May, 2021 11:42am

Markets

CBOT wheat may test resistance at $7.23-3/4

SINGAPORE: CBOT wheat may test a resistance at $7.23-3/4 per bushel, a break above which could open the way towards...

Published 19 May, 2021 06:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

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

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

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

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