Trends - soyabean - Business Recorder

soyabean

Palm oil target of 3,738 ringgit aborted

The support is not working alone. It is strengthened by another one at 3,856 ringgit on the daily chart and the third established by a rising channel.

Published 02 Jun, 2021 12:13pm

Markets

NY cocoa may fall a bit before retesting $2,462

The second part is developing towards $2,407.

Published 02 Jun, 2021 12:09pm

Markets

US MIDDAY: Corn, soya and wheat up

CHICAGO: US corn, soyabean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress...

Published 02 Jun, 2021 04:29am

Markets

Palm oil may fall towards 3,738 ringgit

A break could open the way towards 3,698-3,774 ringgit range.

Published 01 Jun, 2021 11:40am

Markets

Saudi Arabia's SAGO agrees to buy 562,000 tonnes of wheat

The tender for up to 720,000 tonnes of hard wheat with 12.5 percent protein content had closed on Friday.

Published 31 May, 2021 02:23pm

Markets

Palm oil signals mixed

However, a spinning top forming on May 28 around 4,026 ringgit suggests a possible shallow fall towards 3,938 ringgit.

Published 31 May, 2021 11:40am

Markets

Ukraine grain export prices decrease over past week

Ukraine sold about 57 million tonnes of grain to foreign buyers in the 2019/20 season.

Published 31 May, 2021 11:04am

Markets

Copper edges lower on China demand concerns

Strikes at BHP's Escondida and Spence mines in top producer Chile continue to threaten global supply.

Published 28 May, 2021 04:35pm

Markets

Palm oil to retest resistance at 4,010 ringgit

It will be confirmed when the contract breaks 4,010 ringgit.

Published 28 May, 2021 11:48am

Markets

Favourable Australian weather spells second bumper wheat harvest

"The current moisture levels and the outlook for the coming 2021/22 Australian grain winter crop are looking good in most areas so far and may well continue to improve," Ole Houe, a director at brokerage IKON Commodities in Sydney, said.

Published 25 May, 2021 01:10pm

Markets

Copper rises on weaker dollar, economic recovery hopes

"Although some of the rises in commodity prices has been driven by speculators, there is also a genuine increase in demand as the global economy reopens," said Catril.

Published 25 May, 2021 12:42pm

Markets

US oil may revisit May 18 high of $67.01

Support is at $65.59, a break below could cause a fall to $64.71. On the daily chart, oil has pierced into a resistance zone of $65.65 to $66.60.

Published 25 May, 2021 11:27am

Markets

Palm oil may test resistance at 4,010 ringgit

A break below 3,888 ringgit may not necessarily cause a fall to 3,738 ringgit.

Published 25 May, 2021 11:25am

Markets

Philippines purchased about 40,000 tonnes Australian feed wheat, barley

The feed wheat was bought at just over $323 a tonne c&f for shipment in the second half of August.

Published 21 May, 2021 02:32pm

Markets

NY cocoa to test support at $2,414

The rise from $2,317 observed closely a set of retracements of the downtrend from $2,728 to $2,317. After breaking $2,474, cocoa is expected to test the next support at $2,414.

Published 21 May, 2021 02:23pm

Markets

Palm oil may fall more into 3,955-4,021 ringgit range

The target range has to be temporarily aborted, should the contract open above 4,117 ringgit on Friday and remain above it thereafter.

Published 21 May, 2021 12:28pm

Markets

Brent oil may drop more to $64.08

Only a rise above $66.43 could signal a reversal of the downtrend.

Published 21 May, 2021 12:20pm

Markets

Palm hits two-week low on worries over demand, lockdown

Dalian's most-active soyoil contract fell 1.9%, while its palm oil contract was down 2.2%. Soyoil prices on the Chicago Board of Trade slid 0.4%.

Published 21 May, 2021 11:46am

Markets

Palm oil may seek support at 4,195 ringgit

A break below this level may open the way towards the range of 4,021 ringgit to 4,117 ringgit.

Published 20 May, 2021 12:59pm

Markets

Palm oil extends losses on weaker rival edible oils; focus on export data

Palm fell for a second consecutive session after rallying 5% on Tuesday.

Published 20 May, 2021 11:17am

Markets

US MIDDAY: Soyabean, wheat and corn plunge

CHICAGO: US corn, soyabean and wheat futures fell sharply on Wednesday, with traders noting selling by investment...

Published 20 May, 2021 04:26am

Markets

Wheat tour finds above-average crops in northern Kansas

Scouts will tour fields in southwestern and south-central Kansas on Wednesday before releasing a final yield forecast for the state on Thursday.

Published 19 May, 2021 12:51pm

Markets

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

Seller was believed to be trading house Cargill, they said.

Published 19 May, 2021 12:37pm

Markets

Palm oil may fall to 4,273 ringgit

On the daily chart, the contract reapproached a strong resistance zone of 4,486 ringgit to 4,576 ringgit, formed by the 2008 high and a 161.8% projection level.

Published 19 May, 2021 12:08pm

Markets

Corn jumps 1.5% as USDA pegs planting behind forecast

The most-active soybean futures were up 0.5% at $15.95-1/4 a bushel, having closed flat in the previous session.

Published 18 May, 2021 11:18am

Markets

Palm oil may rise to 4,369 ringgit

This fall looks like a pullback towards the March 15 high of 4,192 ringgit, around which, the contract is stabilizing, as suggested by the doji forming on Monday.

Published 18 May, 2021 11:01am

Markets

Mauritius tenders to buy 4,000 tonnes white rice, optional origin

The rice was sought for delivery between Aug. 1 and Sept. 30. Tender deadline is June 1, traders said.

Published 17 May, 2021 03:39pm

Markets

Palm oil may retreat into 4,331-4,393 ringgit range

The gap appeared while a wave 5 was developing. It looks like an exhaustion gap, signalling a completion of the five-wave cycle from the April 30 low of 3,865 ringgit.

Published 17 May, 2021 12:00pm

Markets

Spot gold may rise to $1,876

The fall may be extended to $1,830. On the daily chart, the metal is poised to test a falling trendline.

Published 17 May, 2021 11:34am

Markets

EU wheat eases, rapeseed hits new high

PARIS: Euronext wheat edged lower on Wednesday as cereal markets consolidated after a recent rally and traders...

Published 13 May, 2021 03:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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