Trends - CBOT wheat - Business Recorder

CBOT wheat

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

US wheat, soybeans, corn fall on profit taking

Corn and soybean futures also weakened, with traders noting a lack of export activity this week even with Chinese buyers back on the market following the Lunar New Year celebrations.
"A bull market needs to be fed everyday," said Mark Gold, founder of Top Third Ag Marketing. "We just do not see export numbers justifying these kind of prices."

Published 26 Feb, 2021 09:28pm

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

CBOT wheat futures rise

CHICAGO: Chicago Board of Trade soft red winter wheat futures rose on Wednesday to their highest since Jan. 19 on a...

Published 26 Feb, 2021 05:20am

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 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 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

Wheat at 1-week high as frigid US weather lifts supply worries

The US Department of Agriculture on Friday said private exporters reported the sale of 195,338 tonnes of corn to Costa Rica and 115,577 tonnes of corn to Guatemala.

Published 16 Feb, 2021 12:32pm

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 soybeans may drop to $13.24-1/4

Based on the current strong momentum, the wave C may eventually travel to $12.71-3/4. A bounce from the current level may be limited to $13.56-3/4.

Published 11 Feb, 2021 10:18am

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 wheat may test support at $6.36-1/4

Until the contract gets out of a range of $6.29 to $6.53-1/2, the trending signal may remain mixed.

Published 08 Feb, 2021 01:16pm

Gainers
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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

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