Trends - Corn - Business Recorder

Corn

Soybeans hit more than six-year high on global supply concerns

Markets were concerned about dry weather in South America that could curtail soybean and corn production.

Published 21 Dec, 2020 09:38am

Markets

CBOT corn may rise into $4.41-1/2 to $4.43 range

The resistance is identified as the 176.4% projection level of an upward wave 3 from $4.20-1/2. This wave is expected to travel into a range of $4.45-1/2 to $4.47-3/4.

Published 21 Dec, 2020 09:28am

Markets

CBOT wheat may retest support at $6.05

The third wave labelled c is expected to travel into a range of $5.99-1/4 to $6.02-1/4. A break above $6.11 could lead to a gain into $6.14-3/4 to $6.18 range.

Published 21 Dec, 2020 09:13am

Markets

EU wheat firm on South America weather, Russia export uncertainty

March milling wheat on Paris-based Euronext was up 0.75 euros, or 0.4pc, at 208.00 euros a tonne by 1503 GMT.

Updated 18 Dec, 2020 09:11pm

Markets

Soybeans extend run to 6-year high; South American weather in focus

The most active soybean futures on the Chicago Board Of Trade were up 0.9pc at $12.12 a bushel at 1154 GMT, after earlier rising to a 6-1/2 year high of $12.16-1/4.

Published 18 Dec, 2020 06:08pm

Markets

Soybeans hit more than six-year high on strong demand, South American concerns

Wheat prices in western European markets were little changed as improved crop outlooks in several rival exporters kept a lid on the market.

Published 18 Dec, 2020 10:12am

Markets

US corn, wheat and soybeans rally with exports in focus

"We are at the crucial time," said Mark Schultz, chief market analyst at Northstar Commodity. "They better start getting the moisture."
Chicago Board of Trade January soybean futures settled up 17-1/2 cents at $12.01-1/4 a bushel. CBOT March corn futures gained 5-1/4 cents to $4.32-1/2.

Published 18 Dec, 2020 03:27am

Markets

Jordan tenders to buy 120,000 tonnes feed barley

A new tender had been expected after Jordan made no purchase in its previous barley tender also seeking 120,000 tonnes on Tuesday.

Published 17 Dec, 2020 12:27pm

Markets

Will China boost corn output or become a permanent importer?

But around April this year, the country's corn prices began to rise. Between May and September, the ministry held several reserve auctions, which were cleaned out almost every time despite the high costs.

Published 17 Dec, 2020 10:49am

Markets

Soybeans edge higher on concerns over South America crop

US soy processors crushed 181.018 million bushels of soybeans in November, their third-largest monthly crush on record, the National Oilseed Processors Association said.MARKET NEWS

Published 17 Dec, 2020 10:20am

Markets

Palm extend gains tracking rival oils

US soybean futures edged higher as concerns over production in South America supported prices.

Published 17 Dec, 2020 09:37am

Markets

Bangladesh withdraws tender to buy 50,000 tonnes wheat

A notice sent to traders said the tender will be suspended because of "unavoidable" circumstances. Details were not given.

Published 16 Dec, 2020 11:58am

Markets

Bullish crush data sparks rally in US soybeans; corn, wheat firm

The strength in soybeans pulled corn higher, which closed in positive territory after trading lower for much of the session.
US soy processors crushed 181.018 million bushels of soybeans in November.

Published 16 Dec, 2020 02:05am

Markets

Wheat regains ground as Egypt tender keeps focus on Russian exports

Soybeans and corn edged lower as weather forecasts pointing to heavier rain next week in central Brazil easing concerns about persisting dryness in crop belts.

Published 15 Dec, 2020 06:36pm

Markets

Traders union UGA sees Ukraine's 2020/21 corn exports falling to 24mn T

"According to various estimates, we will harvest from 28 to 30 million tonnes (of corn) and export could amount to 24 million tonnes".

Published 15 Dec, 2020 04:29pm

Markets

Ukraine wheat export prices flat, corn down

It said farmers had almost completed the 2020 corn harvest, threshing 28.8 million tonnes of the commodity from 98% of the sowing area.

Published 14 Dec, 2020 12:32pm

Markets

Wheat hits near three-week high

The most active corn futures were up 1.1% at $4.29 a bushel, having gained 0.5% in the previous session.

Published 14 Dec, 2020 09:04am

Markets

Asia Rice-Indian rates extend gains to over 2-month high on fresh orders

Prices for the top exporter's 5% broken parboiled variety rose to $378-$383 per tonne, their highest since the week of Sept. 24, from $375-$381 last week.

Published 11 Dec, 2020 11:36am

Markets

Soybeans set for second weekly decline on smaller cuts to supplies

Brazil's CONAB also cut its corn and soybean crop outlooks on Thursday, citing dry conditions.

Published 11 Dec, 2020 11:11am

Markets

China keeps 2020/21 corn imports unchanged at 7mn tonnes

The Chinese ministry kept all other forecasts unchanged from last month but slightly raised its forecast for 2020/21 sugar imports by 400,000 tonnes to 3.9 million tonnes.

Published 10 Dec, 2020 06:41pm

Markets

South Korea's KOCOPIA bought about 60,000 tonnes corn

The corn was purchased at an estimated $250.25 a tonne c&f including a surcharge for additional port unloading, they said.

Published 10 Dec, 2020 06:14pm

Markets

Palm oil still targets 3,261-3,300 ringgit range

On the daily chart, the contract may fall towards 3,274 ringgit, as it failed to break a resistance at 3,411 ringgit, the 50% projection level of a presumed wave C from 2,691 ringgit.

Published 10 Dec, 2020 10:20am

Business & Finance

China says 2020 corn output barely changed from last year

The country's wheat output came to 134.25 million tonnes, marginally up from 133.59 million tonnes last year, while rice production rose 1.1% to 211.86 million tonnes.

Published 10 Dec, 2020 09:24am

Markets

Corn, wheat steady-up 2 cents; soy up 9-11 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during the overnight trading session.

Published 09 Dec, 2020 08:26pm

Markets

Taiwan's MFIG buys about 65,000 tonnes corn from U.S.

The corn was purchased in a single consignment, all at an estimated premium of 196.39 U.S. cents a bushel over the Chicago May 2021 corn contract, they said.

Published 09 Dec, 2020 06:27pm

Markets

Taiwan's MFIG buys about 65,000 tonnes corn from US

The corn was purchased in a single consignment, all at an estimated premium of 196.39 US cents a bushel over the Chicago May 2021 corn contract, they said.

Updated 09 Dec, 2020 05:46pm

Markets

Soybeans rise from 6-day low, South America outlook caps gains

Still, the US Department of Agriculture (USDA) world supply and demand report, due on Thursday, is expected to show smaller South American crops.

Published 09 Dec, 2020 08:38am

Markets

Corn, wheat steady-down 2 cents; soy down 8-10 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during overnight trading.

Published 08 Dec, 2020 07:32pm

Markets

South Korea's FLC bought 69,000 tonnes corn in private deal

Shipment from the United States was thought to be the first half of June 2021, from the U.S. Pacific Northwest coast.

Published 08 Dec, 2020 05:39pm

Markets

CBOT corn may edge up to $4.27

The current wave count will have to be reviewed. A break below the support at $4.20-1/4 could open the way towards $4.14-1/2.

Published 08 Dec, 2020 12:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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