Trends - Wheat - Business Recorder

Wheat

More wheat production expected during current year: Hammad Ahzar

Hammad Azhar said that previous year sugarcane crop was not good but this year would be better.

Published 02 Mar, 2021 12:18am

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

Profit-taking pressures US wheat, corn, soyabeans

CHICAGO: Chicago Board of Trade wheat futures slid 2.8% on Friday, their second straight day of declines, on a...

Published 28 Feb, 2021 04:55am

Business & Finance

‘Significant investment in modern agri-storage critical’

LAHORE: Immediate significant investment in modern agri-storage is critical to address country’s post-harvest...

Published 28 Feb, 2021 04:55am

Markets

French wheat, barley mostly in good shape after winter

PARIS: Most wheat and barley crops in France, the European Union's biggest grain producer, remain in good condition...

Published 27 Feb, 2021 04:29am

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

US oil still targets $64.15-$65.29 range

A doji formed on Thursday. It will only be regarded as a bearish reversal signal if a black candlestick appears on Friday.

Published 26 Feb, 2021 09:58am

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

CBOT wheat futures rise

CHICAGO: Chicago Board of Trade soft red winter wheat futures rose on Wednesday to their highest since Jan. 19 on a...

Published 26 Feb, 2021 05:20am

Markets

Euronext wheat, rapeseed hit new highs

PARIS: Front-month wheat and rapeseed futures on Euronext set new multi-year highs on Wednesday, as tightening...

Published 26 Feb, 2021 05:20am

Markets

Euronext wheat edges higher in late trade

PARIS: Euronext wheat edged higher in late trade on Tuesday, supported by ongoing short-covering in front-month...

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

Euronext wheat closes to 7-1/2-year highs

HAMBURG: Euronext front-month wheat on Monday remained close to the 7-1/2 year highs hit on Friday, as concern about...

Published 24 Feb, 2021 05:24am

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

Euronext wheat pares gains on technical flurry

PARIS: Euronext front-month wheat futures pared gains in late trading on Friday after touching a 7-1/2 year high...

Published 23 Feb, 2021 05:20am

Markets

US MIDDAY: Wheat rises

CHICAGO: US wheat futures rose on Monday as traders focused on the condition of the crop after severe cold snaps in...

Published 23 Feb, 2021 05:20am

Markets

Palm rises for second day as rival soy, Dalian oils gain

Soyoil prices on the Chicago Board of Trade were up 0.5%. Dalian's most-active soyoil contract and its palm oil contract both gained 2.4%.

Published 22 Feb, 2021 11:45am

Markets

Malaysia's Feb 1-20 palm oil exports up 14.9% mth/mth: ITS

Cargo surveyor Intertek Testing Services said on Monday.

Published 22 Feb, 2021 11:38am

Markets

South Korea's NOFI tenders to buy up to 69,000 tonnes corn

The tender also closes on Monday, Feb. 22, they said.

Published 22 Feb, 2021 11:29am

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

Pakistan

Procurement of wheat: Govt urged to set up farmers' markets to reduce middlemen's role

LAHORE: To reduce the role of the middlemen in procurement of wheat and help growers to earn a suitable return on...

Updated 21 Feb, 2021 10:22am

Gainers
Losers
Leaders

Stock	Price
KASB Mod. / Mar 2 KASB Modaraba(KASBM)	3.20 ▲ 0.40 (14.29%)
Colony Textile / Mar 2 Colony Textile Mills Limited(CTM)	6.80 ▲ 0.53 (8.45%)
Fazal Cloth / Mar 2 Fazal Cloth Mills Limited(FZCM)	210.70 ▲ 14.70 (7.50%)
Indus Dyeing / Mar 2 Indus Dyeing & Manufacturing Co. Limited(IDYM)	644.44 ▲ 44.96 (7.50%)
S. S. Oil / Mar 2 S.S.Oil Mills Limited(SSOM)	92.45 ▲ 6.45 (7.50%)
Suraj Cotton / Mar 2 Suraj Cotton Mills Limited(SURC)	251.55 ▲ 17.55 (7.50%)
Tandlianwala / Mar 2 Tandlianwala Sugar Mills Limited(TSML)	158.06 ▲ 11.02 (7.49%)
Shabbir Tiles / Mar 2 Shabbir Tiles & Ceramics Limited(STCL)	26.88 ▲ 1.87 (7.48%)
Crescent Fib. / Mar 2 Crescent Fibres Limited(CFL)	66.99 ▲ 4.64 (7.44%)
Sunrays Tex. / Mar 2 Sunrays Textile Mills Limited(SUTM)	865.00 ▲ 59.76 (7.42%)

Stock	Price
First Punjab Mod. / Mar 2 First Punjab Modaraba(FPJM)	3.02 ▲ -0.93 (-23.54%)
Saudi Pak Leas. / Mar 2 Saudi Pak Leasing Company Limited(SPLC)	1.40 ▲ -0.20 (-12.50%)
Universal Ins. / Mar 2 The Universal Insurance Company Limited(UVIC)	4.45 ▲ -0.54 (-10.82%)
1st Dawood / Mar 2 First Dawood Investment Bank Limited(FDIBL)	3.00 ▲ -0.32 (-9.64%)
Redco Tex. / Mar 2 Redco Textiles Limited(REDCO)	7.00 ▲ -0.70 (-9.09%)
Dewan Farooq. Spin. / Mar 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.80 ▲ -0.26 (-8.50%)
Tri-Star Power / Mar 2 Tri-Star Power Limited(TSPL)	5.26 ▲ -0.45 (-7.88%)
Invest Cap. Bank / Mar 2 Invest Capital Investment Bank Limited(ICIBL)	3.05 ▲ -0.26 (-7.85%)
Dandot Cement / Mar 2 Dandot Cement Company Limited(DNCC)	11.03 ▲ -0.92 (-7.70%)
PICIC Insurance / Mar 2 PICIC Insurance Limited(PIL)	1.44 ▲ -0.12 (-7.69%)

Stock	Volume
Azgard Nine / Mar 2 Azgard Nine Limited(ANL)	31,723,500 ▼ 0.00
TRG Pak. / Mar 2 TRG Pakistan Limited(TRG)	24,599,249 ▼ 0.00
Unity Foods / Mar 2 Unity Foods Limited(UNITY)	21,189,731 ▼ 0.00
Hum Network / Mar 2 Hum Network Limited(HUMNL)	20,527,500 ▼ 0.00
Byco Petr. / Mar 2 Byco Petroleum Pakistan Limited(BYCO)	18,135,500 ▼ 0.00
Ghani Global Hold. / Mar 2 Ghani Global Holdings Limited(GGL)	17,518,000 ▼ 0.00
Maple Leaf / Mar 2 Maple Leaf Cement Factory Limited(MLCF)	12,115,118 ▼ 0.00
K-Electric Ltd / Mar 2 K-Electric Limited(KEL)	9,206,500 ▼ 0.00
Worldcall / Mar 2 Worldcall Telecom Limited(WTL)	9,074,000 ▼ 0.00
Telecard / Mar 2 Telecard Limited(TELE)	9,041,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22

Item	Value
Crude Oil / Feb 27	61.50
Karachi Cotton Assoc. / Feb 27	12200.00
Gold 10 Grams / Feb 27	94564.00
Gold Spot / Feb 27	1728.80
Cotton / Feb 27	88.83

Wheat

More wheat production expected during current year: Hammad Ahzar

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

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

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

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

Profit-taking pressures US wheat, corn, soyabeans

‘Significant investment in modern agri-storage critical’

French wheat, barley mostly in good shape after winter

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

US oil still targets $64.15-$65.29 range

Palm oil may test resistance at 3,834 ringgit

CBOT wheat futures rise

Euronext wheat, rapeseed hit new highs

Euronext wheat edges higher in late trade

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

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

US oil may retest resistance at $62.78

Palm oil may test resistance at 3,752 ringgit

Euronext wheat closes to 7-1/2-year highs

Palm oil gains 2% as crude, soyoil rise

Palm oil may retest support at 3,465 ringgit

Euronext wheat pares gains on technical flurry

US MIDDAY: Wheat rises

Palm rises for second day as rival soy, Dalian oils gain

Malaysia's Feb 1-20 palm oil exports up 14.9% mth/mth: ITS

South Korea's NOFI tenders to buy up to 69,000 tonnes corn

Jordan issues new tender to buy 120,000 tonnes wheat

USDA supply outlook pushes soybeans to second session of gains

Palm oil may retest support at 3,465 ringgit

Procurement of wheat: Govt urged to set up farmers' markets to reduce middlemen's role

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