Trends - soyabean - Business Recorder

soyabean

Pakistan bought 594,000 T soybeans in recent weeks for 2022 shipment

"Pakistan is currently buying 200,000 to 250,000 tonnes of soybeans monthly due to strong demand for soymeal for poultry," one trader said.

Published 08 Mar, 2021 02:27pm

Markets

Palm oil may hover below 3,801 ringgit

The correction may take the shape of a big flat, which consists of three waves.

Published 08 Mar, 2021 09:50am

Markets

Spot gold may retest support at $1,691

The strong support at $1,651 may trigger a bounce towards $1,693.

Published 08 Mar, 2021 09:47am

Markets

Palm oil may bounce into 3,713-3,752 ringgit range before falling

The wedge will be confirmed when the contract falls below 3,581 ringgit.

Published 04 Mar, 2021 10:12am

Markets

Brent oil may retest support at $62.65

It may unfold further in the range of $62.65-$64.58 for a few days.

Published 04 Mar, 2021 10:08am

Markets

US MIDDAY: Soya futures consolidate

CHICAGO: US grain and soyabean futures fell on Wednesday as the markets consolidated after rallying in the previous...

Published 04 Mar, 2021 04:58am

Markets

Palm oil still targets 3,466-3,545 ringgit range

A break above 3,698 ringgit could open the way towards 3,856 ringgit.

Published 03 Mar, 2021 10:03am

Markets

Spot gold may retest support at $1,716

Only a break above $1,761 could signal the completion of the wave C. On the daily chart, gold is still testing the support at $1,723, the 76.4% projection level of a downward wave C from $1,959.01.

Published 03 Mar, 2021 10:00am

Markets

US MIDDAY: Corn, soya futures jump

CHICAGO: US grain and soyabean futures rose on Tuesday in a turnaround from losses the previous session, as concerns...

Published 03 Mar, 2021 05:49am

Markets

Palm falls for third day on expectations of rising stockpile

Meanwhile, Dalian's most-active soyoil contract fell 1%, while its palm oil contract slipped 3.5%. Soyoil prices on the Chicago Board of Trade were down 1.1%.

Published 02 Mar, 2021 01:26pm

Markets

Indonesia's February Sumatra robusta exports down 83% y/y

On a monthly basis, exports also fell 67% on from January as farmers awaited the coffee harvest.

Published 01 Mar, 2021 12:48pm

Markets

Indonesia Jan-Apr 2021 unhusked rice output seen up 27% y/y

The Southeast Asian country is targeting unhusked rice production at 58.5 million tonnes in 2021, the agriculture ministry said in November.

Published 01 Mar, 2021 12:43pm

Markets

China's soybean futures hit record high as supply, acreage tighten

Both beans can be used to make soybean oil for cooking, though some consumers in China have preference for non-GMO edible oils.

Published 01 Mar, 2021 12:41pm

Markets

Palm oil may fall into 3,624-3,673 ringgit range

The bearish divergence on the hourly RSI suggests an exhaustion of the wave B, which could have peaked around 3,801 ringgit.

Published 01 Mar, 2021 10:11am

Markets

Asia Grains-Australia wheat prices rise further on higher freight costs

Australian standard wheat is being offered at $314 a tonne, C&F, while Australian hard wheat is around $325 a tonne.

Published 26 Feb, 2021 11:33am

Markets

Palm oil may test resistance at 3,834 ringgit

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 26 Feb, 2021 09:57am

Markets

US MIDDAY: Corn, soya rise

CHICAGO: US corn and soyabean futures rose on Wednesday as storms in major production areas of Brazil disrupted...

Published 25 Feb, 2021 04:58am

Markets

Copper hits 9-1/2-year high on tight supply, demand hopes

The most-traded April copper contract on the Shanghai Futures Exchange advanced 0.8% to 68,110 yuan ($10,541.71) a tonne, having hit its highest since August 2011 at 68,880 yuan a tonne earlier in the session.

Published 24 Feb, 2021 10:20am

Markets

Brent oil may rise into $66.45-$66.97 range again

On the daily chart, oil failed to break a falling trendline.

Published 24 Feb, 2021 10:14am

Markets

US oil may retest resistance at $62.78

Based on the drop from this high to the Feb. 19 low of $58.59, oil is supposed to rise to $65.61. A break above $62.08 could signal the continuation of the uptrend.

Published 24 Feb, 2021 10:12am

Markets

Palm oil may test resistance at 3,752 ringgit

Support is at 3,624 ringgit, a break below which could cause a fall into the 3,466-3,545 ringgit range. On the daily chart, the contract may break a resistance at 3,581 ringgit, following its failure on Feb. 15.

Published 24 Feb, 2021 10:11am

Markets

Palm oil gains 2% as crude, soyoil rise

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.

Published 23 Feb, 2021 12:09pm

Markets

Palm oil may retest support at 3,465 ringgit

On the daily chart, the contract closed below a resistance at 3,581 ringgit. It is still likely to drop to 3,411 ringgit.

Published 23 Feb, 2021 11:04am

Markets

Jordan issues new tender to buy 120,000 tonnes wheat

The deadline for price offers in the tender is Feb. 24.

Published 22 Feb, 2021 11:18am

Markets

USDA supply outlook pushes soybeans to second session of gains

The most-active wheat contract was up 0.7% at $6.59-3/4 a bushel after ending 1.5% lower in the previous session.

Published 22 Feb, 2021 10:31am

Markets

Palm oil may retest support at 3,465 ringgit

The weak bounce triggered by the support at 3,465 ringgit could have completed around a falling trendline. The wave C may have resumed.

Published 22 Feb, 2021 10:22am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 98,588 tonnes of cargo comprising 77,866 tonnes of import cargo and 20,722 tonnes...

Published 20 Feb, 2021 04:52am

Markets

Palm oil may retest support at 3,465 ringgit after weak bounce

A bounce is highly likely to occur around this support.

Published 19 Feb, 2021 11:31am

Markets

Asia Coffee-Vietnam tepid after Lunar New Year break, supply scarce in Indonoesia

"Premiums were adjusted down since the benchmark prices in London rose," the trader said. "Even so, it is hard to export since the stockpile is too low and mini harvest hasn't come yet."

Published 18 Feb, 2021 01:16pm

Markets

Palm oil falls over 1% as Malaysia maintains high export tax

Palm had risen 2.7% in the previous session.

Published 18 Feb, 2021 12:25pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

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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