Trends - Wheat - Business Recorder

Wheat

US oil may fall to $62.62

A break above $65.45 could lead to a gain into $66.52-$67.98 range.

Published 11 May, 2021 12:28pm

Markets

Palm oil may retest resistance at 4,393 ringgit

It is expected to rise to 4,576 ringgit.

Published 11 May, 2021 12:27pm

Markets

Brent oil may test support at $67.33

On the daily chart, the gain on Monday proved to be a short-lived bluff by bulls. Market sentiment looks mixed, while oil is consolidating around $68.43.

Published 11 May, 2021 12:25pm

Markets

Paris wheat drops

HAMBURG: Euronext wheat fell sharply on Monday as rainfall eased crop concerns in France amidst profit-taking after...

Published 11 May, 2021 04:39am

Markets

EU wheat extends rally

PARIS: Euronext wheat climbed further on Thursday, again buoyed by rising corn prices that raised the prospect of...

Published 08 May, 2021 03:30am

Markets

Palm set for biggest weekly gain in two decades on supply worries

Dalian's most-active soyoil contract rose 1.8%, while its palm oil contract gained 2.4%. Soyoil prices on the Chicago Board of Trade were up 1%.

Published 07 May, 2021 11:44am

Markets

South Korea's NOFI tenders to buy up to 276,000 tonnes corn

The tender also closes on Thursday, May 6, they said.

Published 06 May, 2021 12:02pm

Markets

Palm oil targets 4,130-4,169 ringgit range

On the daily chart, the contract managed to close above a resistance at 4,026 ringgit for three days. It has escaped from a consolidation range of 3,856-4,026 ringgit, which suggests a target of 4,400 ringgit.

Published 06 May, 2021 11:59am

Markets

French wheat shipments outside EU at nine-year low

PARIS: French soft wheat shipments outside the European Union last month were the lowest for an April in nine years,...

Published 06 May, 2021 03:49am

Markets

PFD, PASSCO achieve 76pc and 50pc wheat procurement targets

LAHORE: The Punjab Food Department and the Pakistan Agricultural Storage and Services Corporation (PASSCO) have so...

Published 06 May, 2021 03:49am

Markets

US oil may rise to March 8 high of $67.98

Support is at $65.88, a break below which could cause a fall into $64.75-$65.45 range.

Published 05 May, 2021 12:25pm

Markets

Palm oil poised to break resistance at 4,098 ringgit

Even though the contract failed four times to overcome this barrier, the subsequent corrections became shallower.

Published 05 May, 2021 12:23pm

Markets

Brent oil may test resistance at $69.87

The waves on the trend from $35.74 have been relabelled.

Published 05 May, 2021 12:21pm

Markets

Palm oil may retreat into 3,967-4,010 ringgit range

The shallow correction on the hourly chart will be a basic preparation for breaking a resistance at 4,131 ringgit.

Published 04 May, 2021 11:59am

Markets

Brent oil may revisit Monday low of $66.10

The third leg of the correction may have just started.

Published 04 May, 2021 11:57am

Markets

SovEcon sees record high 2021 wheat, corn harvest in Ukraine

KYIV: Agricultural markets research firm SovEcon on Monday revised up its forecast for Ukraine’s 2021 wheat crop ...

Published 04 May, 2021 04:26am

Markets

Paris wheat rises

HAMBURG: Euronext wheat futures rose on Monday as worsening corn harvest prospects in Brazil continued to support...

Published 04 May, 2021 04:26am

Markets

US MIDDAY: Corn hits 8-year high

CHICAGO: Chicago Board of Trade corn futures hit their highest price since March 2013 on Monday on strong demand for...

Published 04 May, 2021 04:26am

Markets

Corn hits 8-year high as dry weather in Brazil raises supply concerns

Large speculators cut their net long position in CBOT corn futures in the week to April 27, regulatory data released on Friday showed.

Published 03 May, 2021 12:22pm

Markets

US oil may fall to $62.33

A retracement analysis reveals that oil has pierced below a support at $63.53. Chances are it may drop to $62.33.

Published 03 May, 2021 12:19pm

Markets

Palm oil may rise into 3,967-4,010 ringgit range

A break below 3,855 ringgit could open the way towards the zone of 3,743-3,805 ringgit.

Published 03 May, 2021 12:18pm

Markets

Brent oil may test support at $66.01

Oil seems to be dropping towards the lower trendline of a rising wedge, which establishes a support around $66.01.

Published 03 May, 2021 12:16pm

Pakistan

Good news for wheat farmers’ predicted

ISLAMABAD: Pakistan Meteorological Department (PDM) on Sunday predicted a good news for wheat growing farmers, ...

Published 03 May, 2021 04:39am

Markets

CBOT wheat may retest support at $7.14-1/2

SINGAPORE: CBOT wheat may retest a support at $7.14-1/2 per bushel, as its correction from $7.69-1/2 looks...

Published 02 May, 2021 03:23am

Markets

EU wheat up 10pc in April; rapeseed hits 700 euros

PARIS: Euronext new-crop wheat futures edged up on Friday, steadying after a day-earlier slide, to post a 10% gain...

Published 02 May, 2021 03:23am

Business & Finance

Incentives for farmers demanded

KARACHI: Secretary General of United Business Group (UBG) and former President of FPCCI, Zubair Tufail has urged the...

Updated 02 May, 2021 10:33am

Markets

EU wheat pares gains from new highs in volatile grain market

PARIS: Euronext wheat futures climbed on Tuesday to fresh contract highs, part of a weather-fuelled surge in grain...

Published 01 May, 2021 03:28am

Markets

French cereal crop ratings fall sharply after dry, cold spell

PARIS: The condition of French wheat and barley declined sharply in the week to April 26, data from farm office...

Published 01 May, 2021 03:28am

SPI up 0.05pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended April 29, 2021 recorded an increase of 0.05 ...

Published 01 May, 2021 03:28am

Markets

US oil to test support at $63.88

A break above $65.45 may lead to a gain to $66.52.

Published 30 Apr, 2021 11:34am

Gainers
Losers
Leaders

Stock	Price
786 Investments / May 12 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 12 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 12 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 12 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / May 12 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 12 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 12 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 12 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 11	152.30
USD PKR Interbank Buying / May 11	152.20
USD to Japanese Yen / May 11	108.81
USD to Swiss Franc / May 11	0.90
Pound Sterling to USD / May 11	1.41
Euro to USD / May 11	1.21
UK LIBOR % / May 11	0.06

Stock	Volume
S&P 500 / May 11	4188.43
India Sensex / May 11	49502.41
Tokyo Nikkei / May 11	29518.34
Nasdaq / May 11	13401.86
Hang Seng / May 11	28595.66
FTSE 100 / May 11	7123.68
Dow Jones / May 11	34742.82
Germany DAX 30 / May 11	15400.41
France CAC40 / May 11	6385.99

Item	Value
Crude Oil / May 11	64.91
Karachi Cotton Assoc. / May 11	11300.00
Gold 10 Grams / May 11	89163.00
Gold Spot / May 11	1837.10
Cotton / May 11	88.47

Wheat

US oil may fall to $62.62

Palm oil may retest resistance at 4,393 ringgit

Brent oil may test support at $67.33

Paris wheat drops

EU wheat extends rally

Palm set for biggest weekly gain in two decades on supply worries

South Korea's NOFI tenders to buy up to 276,000 tonnes corn

Palm oil targets 4,130-4,169 ringgit range

French wheat shipments outside EU at nine-year low

PFD, PASSCO achieve 76pc and 50pc wheat procurement targets

US oil may rise to March 8 high of $67.98

Palm oil poised to break resistance at 4,098 ringgit

Brent oil may test resistance at $69.87

Palm oil may retreat into 3,967-4,010 ringgit range

Brent oil may revisit Monday low of $66.10

SovEcon sees record high 2021 wheat, corn harvest in Ukraine

Paris wheat rises

US MIDDAY: Corn hits 8-year high

Corn hits 8-year high as dry weather in Brazil raises supply concerns

US oil may fall to $62.33

Palm oil may rise into 3,967-4,010 ringgit range

Brent oil may test support at $66.01

Good news for wheat farmers’ predicted

CBOT wheat may retest support at $7.14-1/2

EU wheat up 10pc in April; rapeseed hits 700 euros

Incentives for farmers demanded

EU wheat pares gains from new highs in volatile grain market

French cereal crop ratings fall sharply after dry, cold spell

SPI up 0.05pc WoW

US oil to test support at $63.88

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