Trends - soybean - Business Recorder

soybean

Corn dips after rally, tightening global supplies curb losses

The export cap that had been imposed at the start of the week was criticised by growers who said it would weigh on production. Argentina, the world's No. 3 corn exporter, is also the top international supplier of soymeal livestock feed.

Published 14 Jan, 2021 11:17am

Markets

China's 2020 soybean imports climb 13% to record as pig sector demand recovers

"Imports in the New Year are expected to hit a new record high," he added, declining to be named as he was not authorised to speak to the media.

Published 14 Jan, 2021 10:47am

Markets

Corn extends rally to highest since 2013; soy falls on profit taking

Soybean futures eased on profit taking after hitting their highest in 6-1/2 years, while wheat steadied as the market digested potential changes to Russian export policy.
The USDA's seemingly unending cuts to US G&O (grain and oilseed) supplies continued this month, and with soybean and corn stores particularly bare.

Published 13 Jan, 2021 09:06pm

Markets

Palm oil may test resistance at 3,757 ringgit

The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.

Published 13 Jan, 2021 10:25am

Markets

Indonesia to import 2.6mn tonnes of soybeans this year

The imports will be used to support tofu and tempeh production, he said.

Published 13 Jan, 2021 09:41am

Markets

EU 2020/21 soybean imports at 7.78mn tonne by Jan. 10, rapeseed 3.74mn tonne

That compared to 7.44 million cleared by the same week last season
EU rapeseed imports in 2019/20 had reached 3.74 million tonnes, compared to 3.93 million tonnes by the same time last year.

Published 12 Jan, 2021 04:36pm

Markets

Soybeans dip ahead of USDA reports, market eyes Latam crop outlook

Russia is considering raising its wheat export tax from the currently planned 25 euros ($30) per tonne between Feb. 15 and June 30, the head of the Russian Union of Grain Exporters, Eduard Zernin, told Reuters on Monday.

Published 12 Jan, 2021 12:45pm

Markets

Soybeans jump to 6-1/2-year top on South American supply concerns

Large speculators raised their net long position in CBOT corn futures in the week to Jan. 5, regulatory data released on Friday showed.

Published 11 Jan, 2021 11:42am

Markets

Corn firms, poised for 5th week of gains on tightening supplies

Corn up more than 18% in 5 weeks on LatAm supply woes.
Chicago soybean futures rise, trade near 6-1/3 year high.

Published 08 Jan, 2021 09:39am

Markets

Palm oil may test resistance at 3,856 ringgit

A correction from the current level may be limited to 3,757 ringgit.

Published 06 Jan, 2021 02:29pm

Markets

CBOT soybeans may rise into $13.86-1/2 to $13.99 range

The contract is riding on a powerful wave 3, which observes closely a set of projection levels, based on the rise from $12.46-1/4 to $12.99-1/2.

Published 06 Jan, 2021 12:37pm

Markets

CBOT corn may rise into $5.04-1/2 to $5.08-1/2 range

The nearest resistance is at $5.04-1/2, the 800% level, which looks vulnerable and may be broken soon. Support is at $4.98, a break below which could cause a fall to $4.94.

Published 06 Jan, 2021 12:29pm

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

Chicago soybeans near 6-1/2-year high on LatAm supply concerns

Large speculators raised their net long position in CBOT corn futures in the week ended Dec. 29, regulatory data released on Monday showed.

Published 05 Jan, 2021 09:34am

Markets

Iraq buys 238,190 tonnes of local rice

The country needs around 1 million to 1.25 million tonnes of rice per year to support a food rationing programme.

Published 03 Jan, 2021 02:17pm

Markets

Soybeans fall for 2nd day on Argentine supply resumption hopes

Soybeans ease from 6-1/2 yr high, Argentine labour strike eyed.
Wheat unmoved after two sessions of losses, corn falls.

Published 29 Dec, 2020 06:30pm

Markets

Soybeans end lower on progress in Argentine labor talks

Corn, meanwhile, was supported by strong weekly exports and new sales of nearly 150,000 tonnes to unknown destinations. For the week, nearly 994,000 tonnes of corn was exported, above trade expectations.

Published 29 Dec, 2020 10:53am

Markets

CBOT soybeans slide on weak exports, Argentine labor talks

CBOT March soymeal ended $1.40 lower at $412.70 per short ton, while March soyoil fell 0.08 cent to 41.05 cents per lb.

Published 29 Dec, 2020 01:05am

Markets

Taiwan tenders for 82,325 tonnes wheat of US-origin

The tender seeks a range of different wheat types in two consignments for shipment in 2021 from the US Pacific Northwest coast.

Published 28 Dec, 2020 11:37am

Markets

China sells 484,427 tonnes of wheat at auction of state reserves

The average selling price of the wheat was 2,341 yuan($358.50) per tonne.

Published 28 Dec, 2020 09:18am

Markets

Soybeans climb to 6-1/2-year high on strong demand, supply woes

Argentina's 2020/21 soybean planting area could turn out to be smaller than the projected 17.2 million hectares due to unusually dry weather, the Buenos Aires Grains Exchange said in its weekly crop report on Wednesday.

Published 28 Dec, 2020 09:11am

Markets

Palm oil may rise to 3,631 ringgit

Support is at 3,504 ringgit, a break below may cause a very shallow fall to 3,474 ringgit.

Published 24 Dec, 2020 10:23am

Markets

CBOT corn may retest resistance at $4.49-1/2

Support is at $4.46-3/4, a break below which could cause a fall into the $4.43-3/4 to $4.45-1/2 range.

Published 24 Dec, 2020 09:46am

Markets

CBOT wheat may retest resistance at $6.31-1/2

Support is at $6.25-1/2, a break below which could cause a fall to $6.22.

Published 24 Dec, 2020 09:41am

Markets

NY coffee may rise towards $1.2665

The uptrend from $1.2040 looks incomplete. It seems to have adopted an impulsive wave mode. A small triangle is contracting to a point. It is a bullish continuation pattern.

Published 24 Dec, 2020 09:37am

Markets

Palm oil may test support at 3,381 ringgit

A break above 3,426 ringgit may lead to a gain to 3,474 ringgit.

Published 23 Dec, 2020 10:28am

Markets

Spot gold may drop to $1,845

The third wave labelled c is roughly 76.4% the length of the first wave labelled a, as revealed by a projection analysis.

Published 23 Dec, 2020 09:59am

Markets

CBOT soybeans neutral in $12.38-1/4 to $12.51 range

The contract is consolidating within a wedge, which looks like a bullish continuation pattern. However, a target of $12.61 will only be established when the contract breaks $12.51.

Published 23 Dec, 2020 09:53am

Markets

CBOT corn still targets $4.45-1/2 to $4.47-3/4 range

Support is at $4.41-1/2, a break below which could cause a fall to $4.39.

Published 23 Dec, 2020 09:43am

Markets

CBOT wheat may retest resistance at $6.18-1/2

Support is at $6.09-1/4, a break below which could cause a fall into $6.02-1/2 to $6.06 range.

Published 23 Dec, 2020 09:38am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17
France CAC40 / May 1	7984.93
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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