Trends - CBOT wheat - Business Recorder

CBOT wheat

CBOT corn may rise more into $6.39 to $6.45-3/4 range

Another projection analysis on the uptrend from $5.49-3/4 reveals a piercing above a resistance at $6.32-1/2 as well.

Published 22 Apr, 2021 01:14pm

Markets

CBOT soybeans may extend gains into $15.30-1/4 to $15.41-1/4 range

The resistance at $15.14-1/4 may not hold.

Published 22 Apr, 2021 12:23pm

Markets

CBOT soybeans may hover below $14.88-1/4

A realistic target will be $15.01-1/4. On the daily chart, the contract faces a similar resistance at $14.91-1/2.

Published 21 Apr, 2021 12:03pm

Markets

CBOT wheat may fall to $6.39-3/4

A decent correction is due. On the daily chart, two doji formed around a resistance at $6.54-3/4, on Monday and April 16.

Published 20 Apr, 2021 11:40am

Markets

CBOT corn may rise into $6.00-1/4 to $6.07 range

This could be a bullish continuation pattern or a top pattern, depending on the subsequent break above the upper trendline or below the lower trendline.

Published 20 Apr, 2021 11:35am

Markets

CBOT soybeans may test resistance at $14.72-1/4

Based on the depth of the correction from the March 8 high of $14.60 to the March 30 low of $13.64-1/4, the contract may rise to $15.57.

Published 20 Apr, 2021 11:34am

Markets

CBOT corn may retest resistance at $6.00-1/4

A rising trendline suggests a target of $6.19-1/4.

Published 19 Apr, 2021 11:28am

Markets

CBOT soybeans may retest resistance at $14.54

The uptrend from $8.23-3/4 so far remains intact. Indeed, it may have resumed, as the contract persistently rose towards $14.54-3/4.

Published 19 Apr, 2021 11:27am

Markets

CBOT soybeans may test resistance at $14.31-1/2

A break below $14.20-1/2, now a support, could open the way towards $14.04-1/2.

Published 16 Apr, 2021 11:25am

Markets

CBOT corn may rise into $6.00-1/4 to $6.07 range

The zigzagging mode indicates either a temporary top around $6.06 or an early stage of a strong rally. The $6.06-1/2 level will be pivotal in evaluating the next direction.

Published 15 Apr, 2021 11:56am

Markets

CBOT soybeans may test resistance at $14.20-1/2

Based on the readings on the hourly chart, the contract may edge up into the range of $14.33-1/2 to $14.54-3/4 first.

Published 15 Apr, 2021 11:28am

Markets

Wheat up 7-9 cents, soy up 6-9 cents, corn up 5-8 cents

CBOT wheat gained overnight, boosted by strength in corn and soybeans as concerns over dryness in Europe and US spring wheat planting regions continue to provide support.
CBOT's most-active wheat contract climbed above its 100-day moving average overnight, nearing its 50-day moving average of $6.40.

Published 14 Apr, 2021 06:19pm

Markets

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Markets

CBOT soybeans may test resistance at $13.91-1/2

With the contract having come so close to the March 30 low of $13.64-1/4, the pattern around $14.54-3/4 looks more and more like a double-top, which will suggest a target of $12.70 once confirmed.

Published 13 Apr, 2021 01:09pm

Markets

CBOT corn may stabilize around $5.65-3/4

Even though corn is much expected to bounce from the current level, it is still too early to conclude a resumption of the uptrend.

Published 13 Apr, 2021 12:59pm

Markets

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

Benchmark CBOT May soft red winter wheat rose above its 100-day moving average for the first time since March 24 during the overnight trading session. Technical resistance was noted at the contract's 30-day moving average.
CBOT May soft red winter wheat was last up 5-1/2 cents at $6.34-1/4 per bushel. K.C. May hard red winter wheat was last up 5-3/4 cents at $5.82-1/4.

Published 09 Apr, 2021 07:25pm

Markets

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

Only a rise above $14.33-1/2 could bring some hope to the continuation of the uptrend.

Published 09 Apr, 2021 10:56am

Markets

CBOT soybeans may fall into $13.78-1/2 to $13.91-1/2 range

On the daily chart, the pattern around $14.54-3/4 looks like a double-top, based on the weak bounce from the April 1 low of $13.98-1/2.

Published 08 Apr, 2021 12:51pm

Markets

CBOT wheat may retest resistance at $6.21-1/2

On the daily chart, the current bounce is expected to be matching the one from the Jan. 25 low of $6.26.

Published 07 Apr, 2021 01:51pm

Markets

CBOT wheat may test resistance zone of $6.16-3/4 to $6.21-1/2

SINGAPORE: CBOT May wheat may test a resistance zone of $6.16-3/4 to $6.21-1/2 per bushel, a break above which could...

Published 06 Apr, 2021 04:23am

Markets

Corn jumps to highest since 2013 on lower US planting outlook

The United States is the world's biggest corn exporter and the No. 2 soybean supplier.

Published 01 Apr, 2021 11:35am

Markets

CBOT soybeans may stabilize in support zone of $14.20-1/2 to $14.31-1/2

A projection analysis reveals a possible ending point of the correction in the support zone of $14.17-3/4 to $14.33-1/2.

Published 01 Apr, 2021 11:11am

Markets

Palm up over 3% on firmer US soyoil prices

Meanwhile, Dalian's most-active soyoil contract rose 2.9 % and its palm oil contract climbed 2.7%.

Published 01 Apr, 2021 11:07am

Markets

CBOT soybeans decline on US weather, positioning ahead of USDA

Analysts expect the USDA's March 31 planting intentions report to show an expansion in US plantings of corn and soybeans compared to last year, while March 1 soybean stocks are expected to be down 32% from a year earlier.

Published 30 Mar, 2021 11:20am

Markets

CBOT wheat ends higher on bargain buying after three-month low

CBOT May soft red winter wheat settled up 3-1/2 cents at $6.16-3/4 per bushel, after a drop to $6.07-1/4, its lowest since Dec. 22.

Published 30 Mar, 2021 11:13am

Markets

Corn falls 1%, soy drifts lower on US plantings outlook

The USDA is scheduled to release its annual US planting intentions and quarterly grain stocks reports on March 31.

Published 30 Mar, 2021 11:11am

Markets

Funds forge most bullish CBOT corn view

FORT COLLINS, (Colo.): Speculators have not significantly altered views in Chicago-traded grains and oilseeds in...

Published 30 Mar, 2021 05:45am

Markets

CBOT wheat may test support at $6.05-1/2

A bounce from the current level could be weak, probably limited to a range of $6.16-3/4 to $6.21-1/2.

Published 26 Mar, 2021 11:33am

Markets

CBOT corn may retest support at $5.41-3/4

A break above $5.47-1/2 could lead to a gain to $5.53-1/4.

Published 26 Mar, 2021 11:32am

Markets

CBOT soybeans may test support at $14.01-1/2

The contract observes closely a set of projection levels on the uptrend from $13.36-3/4. After breaking below $14.20-1/2, it is falling towards $14.04-1/2.

Published 26 Mar, 2021 11:31am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 11 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 11 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 11 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 11 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 11 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 11 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 11 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 11 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 11 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 11 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 11 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 11 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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CBOT wheat

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