Trends - CBOT wheat - Business Recorder

CBOT wheat

CBOT wheat may seek support in $5.60-1/2 to $5.89-1/2 zone in Q2

A rise above $6.27-1/2 may be extended to $6.52-1/2.

Published 25 Mar, 2021 02:15pm

Markets

CBOT wheat may fall into $6.11-1/2 to $6.16-3/4 range

Resistance is at $6.24-1/4, a break above which could lead to a gain into $6.27-3/4 to $6.32-1/4.

Published 25 Mar, 2021 11:35am

Markets

CBOT corn biased to retest support at $5.47-1/2

Only a rise above $5.56 could confirm the extension of the uptrend towards $5.60-1/4 to $5.65-1/4 range.

Published 25 Mar, 2021 11:34am

Markets

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

Following its failure to break $14.31-1/2 on Tuesday, the contract may succeed this time.

Published 25 Mar, 2021 11:32am

Markets

CBOT wheat may retest resistance at $6.39

A break below $6.32-1/4 could cause a fall into the range of $6.24-1/4 to $6.27-3/4 while a break above $6.39 may lead to a gain to $6.44-3/4.

Published 24 Mar, 2021 11:46am

Markets

CBOT corn may break support at $5.47-1/2

The reversal signals a continuation of the fall from the March 19 high of $5.59.

Published 24 Mar, 2021 11:45am

Markets

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

This target is based on a double-bottom.

Published 24 Mar, 2021 11:44am

Markets

CBOT wheat may test resistance at $6.31-1/2

The downtrend from $6.88-1/2 has been driven by a wave C, which failed to travel below its 100% projection level of $6.21-1/2.

Published 22 Mar, 2021 12:01pm

Markets

CBOT corn may fall to $5.47-1/2

To get charts, key in "TECH/C" to retrieve the original reports.

Published 22 Mar, 2021 11:59am

Markets

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

The drop from the March 8 high of $14.60 looks incomplete. It consists of three waves. The second wave labelled b is ending around $14.20-1/2.

Published 22 Mar, 2021 11:58am

Markets

Soybeans set for second weekly loss on Argentine rains

Consultancy Strategie Grains on Thursday lowered its monthly forecast of soft wheat exports from the European Union and Britain in the 2020/21 season by 900,000 tonnes to 25.2 million to take account of a drop in demand, notably from China.

Published 19 Mar, 2021 10:08am

Markets

CBOT corn may test resistance at $5.60-1/4

A break below $5.43 could be followed by a drop towards $5.25-1/4.

Published 17 Mar, 2021 11:42am

Markets

CBOT soybeans may rise into $14.31-1/2 to $14.46-1/2 range

This fall may be extended into the range of $13.91-1/2 to $14.04-1/2 then.

Published 17 Mar, 2021 11:40am

Markets

Wheat down 5-6 cents, soy down 3-4, nearby corn up 3-4

Wheat futures lower on improved US winter wheat condition ratings and ideas that Russia might relax grain export controls.
Weekly winter wheat condition ratings improved in the last week in Kansas and Oklahoma while holding steady in Texas, the US Department of Agriculture said Monday.

Updated 16 Mar, 2021 10:03pm

Markets

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

Wave pattern suggests the completion of a wave iv, and the start of a wave v towards $14.54-3/4.

Published 16 Mar, 2021 11:18am

Markets

CBOT corn may test resistance at $5.56-1/4

A break below $5.43 could be followed by a drop towards $5.25-1/4.

Published 16 Mar, 2021 11:11am

Markets

Soybeans down 2-3 cents; corn, wheat mixed

Wheat futures choppy following weekend storms that brought beneficial moisture to dry areas of the US Plains winter wheat belt.
Russian wheat export prices fell for a second consecutive week last week after the Russian origin lost a major tender in Egypt and CBOT wheat prices fell, analysts said.

Updated 15 Mar, 2021 09:26pm

Markets

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

A break below $13.95 may cause a fall into the $13.58-1/4 to $13.76-3/4 range.

Published 15 Mar, 2021 11:03am

Markets

Wheat flat; set for second weekly drop as US weather improves

Losses in the soybean market were curbed by South American crop worries.

Published 12 Mar, 2021 12:17pm

Markets

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 corn may fall to $5.29-1/4

On the daily chart, corn breaks a support at $5.43. The break has opened the way towards $5.25-1/4.

Published 10 Mar, 2021 02:17pm

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

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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CBOT wheat

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