Trends - CBOT wheat - Business Recorder

CBOT wheat

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

Markets

Soybeans rebound on hopes of strong demand, corn near 2013 high

In Argentina, the Buenos Aires Grains Exchange on Thursday cut its 2020/21 corn crop forecast by 1 million tonnes to 46 million tonnes, citing lower-than-expected yields caused by dry weather.

Published 08 Feb, 2021 11:08am

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

Wheat up 5-7 cents, soy up 2-5 cents, corn steady-down 2 cents

End-of-week bargain buying and short-covering expected in wheat futures after most-active soft red winter wheat contract dropped 1.7% on Thursday.
Corn market consolidating after most-active futures contract hit 7-1/2-year high on Thursday.

Published 05 Feb, 2021 07:26pm

Markets

CBOT soybeans may drop to $13.57-3/4

A break above $13.80-1/2 could lead to a gain to $13.94-3/4.

Published 05 Feb, 2021 11:12am

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

Wheat down 3-4 cents, corn up 1-3 cents, soy down 4-5 cents

Wheat futures turn lower, retreating from early strength, awaiting market direction. Strength in corn lends support.
The US Agriculture Department confirmed private sales of 125,730 tonnes of US corn to Mexico and another 110,000 tonnes to Japan.

Published 01 Feb, 2021 08:02pm

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 wheat may test resistance at $6.72-3/4

On the daily chart, wheat is retesting a resistance at $6.68-1/2, the 23.6% retracement of the uptrend from $5.89-3/4 to $6.93.

Published 01 Feb, 2021 10:59am

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

Wheat up 4-6 cents, corn up 10-15 cents, soy up 15-20 cents

CBOT March soft red winter wheat last traded up 4-3/4 cents at $6.70 per bushel. K.C. March hard red winter wheat rose 4 cents to $6.45 per bushel.
CBOT March corn was last up 10-1/4 cents at $5.42-1/2 per bushel.

Updated 27 Jan, 2021 11:24pm

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 wheat may test resistance at $6.76-3/4

A break below $6.66-1/2, now a support, may cause a fall to $6.58-1/2. On the daily chart, the correction from $6.93 ended around $6.29, the 61.8% retracement.

Published 27 Jan, 2021 01:12pm

Markets

CBOT wheat may bounce into $6.38 to $6.40-3/4 range

The contract may bounce towards $6.41-1/4.

Published 25 Jan, 2021 12:46pm

Markets

Wheat down 10-15 cents, corn down 4-8, soybeans down 15-20

Wheat lower for a fourth straight session on profit-taking and technical selling, and on spillover pressure from lower corn and soybeans.
CBOT March soft red winter wheat last traded down 12-3/4 cents at $6.48 per bushel.

Published 22 Jan, 2021 08:27pm

Markets

CBOT soybeans may fall to $13.27-3/4

A retracement analysis on the uptrend from $11.43 to $14.35-3/4 reveals a similar target of $13.23-3/4, the 38.2% level.

Published 22 Jan, 2021 12:35pm

Markets

CBOT corn may fall into $5.02-3/4 to $5.09-1/2 range

Resistance is at $5.20-1/2, a break above which could lead to a gain to $5.24-1/2. On the daily chart, the contract is falling towards the Jan. 20 low of $5.12-3/4.

Published 22 Jan, 2021 12:33pm

Markets

CBOT corn may test resistance at $4.87-1/2

The third wave labeled c would start in the zone, to reverse the wave b. A break below $4.83-1/2 may cause a fall into $4.75-1/4 to $4.79-1/4.

Published 05 Jan, 2021 01:07pm

Markets

Funds pile in to CBOT corn, pushing bullishness to eight-year high: Braun

Money managers' net long in CBOT wheat futures and options rose to 13,360 contracts through Dec. 29 from 6,233 a week earlier. That is less bullish than a year ago, but it is uncharacteristically optimistic for the time of year versus other recent years.

Published 05 Jan, 2021 10:46am

Markets

CBOT soybeans to test resistance at $12.69-1/4

8 The contract is riding on a wave 3 that is travelling towards the range of $12.69-1/4 to $12.77-3/4, formed by its 338.2% and 361.8% projection levels.

Published 24 Dec, 2020 10:00am

Markets

CBOT wheat rises as USDA cuts supply outlook, Russia eyes export curbs

CBOT March soft red winter wheat gained 13-1/4 cents to end at $5.96-1/2 per bushel.
K.C. March hard red winter wheat rallied 12-1/2 cents to $5.63-1/2 a bushel and MGEX March spring wheat rose 7 cents to $5.62-1/2 a bushel.

Published 11 Dec, 2020 02:04am

Markets

CBOT wheat may test resistance at $5.89-3/4

This pattern suggests a target of $5.94-1/4. It indeed has a more bullish indication that the downtrend from the Oct. 21 high of $6.37-3/4 has reversed.

Published 10 Dec, 2020 12:42pm

Markets

CBOT wheat may retest support at $5.66-1/2

A short falling trendline and a long rising trendline meet at $5.45-1/4, which works as a target as well.

Updated 09 Dec, 2020 05:46pm

Markets

CBOT wheat may retest support at $5.66-1/2

The bounce from the Monday low of $5.65-1/2 is classified as a pullback towards the range. This pullback has been overdone a bit.

Published 08 Dec, 2020 12:27pm

Markets

CBOT wheat ends up on declining US crop ratings, technical buying

CBOT March soft red winter wheat settled up 13 cents at $6.17-1/2 per bushel.
The contract dipped below Monday's low but rallied to close above Monday's high, a bullish technical signal.

Published 25 Nov, 2020 02:23am

Markets

CBOT wheat gains as weather woes worsen

The most-active CBOT December soft red winter wheat contract ended 21-1/2 cents higher at $6.18-1/4 a bushel, the highest since Dec. 29, 2014.
Argentina's 2020/21 wheat crop is estimated at 17 million tonnes, the Rosario grains exchange said on Thursday.

Updated 16 Oct, 2020 12:08am

Markets

CBOT wheat ends higher on weather concerns

The most-active CBOT December soft red winter wheat contract ended 2-3/4 cents higher at $5.96-3/4 a bushel.
K.C. December hard red winter wheat closed 4 cents higher at $5.35-1/4 a bushel while MGEX December spring wheat gained 1-3/4 cents to settle at $5.46.

Published 15 Oct, 2020 02:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Cotton US¢/pound / Apr 24	81.26
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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