Trends - wheat crop - Business Recorder

wheat crop

Tunisia buys soft wheat, durum wheat and feed barley in tender

Tonnage bought was initially unclear but thought to be close to the tender volume of around 100,000 tonnes of soft wheat, 92,000 tonnes of durum wheat and 100,000 tonnes of barley.
Shipment of all grains was sought between March 15 and April 25, depending on the supplying origin.

Published 19 Feb, 2021 07:11pm

Markets

Wheat steady after rally; corn, soy brace for USDA supply outlook

CBOT wheat up 4.8% this week, first weekly gain in three.
US freeze, importer demand, Euronext rally support.
Corn flat, soy firm ahead of USDA supply-demand outlook.
USDA record acreage figure curbed soy, corn on Thursday.

Published 19 Feb, 2021 05:46pm

Markets

Wheat up 6-8 cents, corn mixed, soy steady/down 2 cents

Strength in Paris milling wheat, weakness in US dollar underpin wheat futures as well as ongoing concerns about potential crop damage from cold snap in US Plains.
Choppy trading expected. Corn market underpinned by technical buying but profit-taking expected to limit gains.

Published 18 Feb, 2021 07:41pm

Markets

Philippines said to pass in 145,000 tonne wheat tender

Prices were regarded as too high. Price offers were said to be over $300 a tonne c&f.
The group had sought 75,000 tonnes of feed wheat in two consignments for delivery between April and June plus another 70,000 tonnes of milling wheat in two consignments for delivery in June.

Published 17 Feb, 2021 08:22pm

Markets

Wheat down 5-10 cents, corn down 2-4 cents, soy down 4-6 cents

Wheat futures retreating from 2-1/2-week highs as traders await crop damage assessments from a cold weather snap in US Plains.
Most-active CBOT March soft red winter wheat dropped below its 10-day and 20-day moving averages during overnight trading.

Published 17 Feb, 2021 08:13pm

Markets

Wheat at one-week high as freezing US weather in focus

CBOT wheat up 2% after Monday holiday closure.
US cold spell raises concerns about wheat crop damage.
Soybean futures gain more ground, corn gains after closing lower.

Published 16 Feb, 2021 06:15pm

Markets

Algeria issues tender to buy milling wheat, traders say

The latest OAIC wheat tender also specified that wheat should be shipped to two Algerian ports, Mostaganem and Tenes.
"The two ports specified are relatively small and this may mean using smaller bulk carriers than usually booked to ship Algerian wheat sales," one trader said.

Published 15 Feb, 2021 06:03pm

Markets

Wheat futures firm as US weather eyed; corn, soy ease

Cold temperatures chiefly domestically, lesser so abroad, will keep the wheat trade watching winterkill prospects over the weekend.
Expectations for bumper harvests in South America despite dryness concerns throughout the growing season added pressure to corn and soybeans.

Published 12 Feb, 2021 09:43pm

Markets

Soybeans up 2-5 cents; corn, wheat up 0-2 cents

The CBOT's most-active soft red winter wheat contract inched higher overnight after falling for a third session on Thursday.
The most-active March wheat contract is poised for a third weekly move downward in the last four weeks, since reaching 6-1/2 year highs the week ended Jan. 15.

Published 12 Feb, 2021 07:52pm

Markets

Soybeans down 15-18 cents; corn, wheat down 7-11 cents

The CBOT's most-active soft red winter wheat contract fell in overnight trading, following corn and soybeans lower despite a tighter global wheat stocks picture reported.
Ukraine's grain exports are down 20% from the same period last year, at 29.8 million tonnes.

Published 10 Feb, 2021 07:24pm

Markets

EU 2020/21 soft wheat exports 15.81 million tonnes by Feb. 7

That was down from 18.86 million tonnes cleared by the same week last season, the data showed.
Since Jan. 1, the European Comission's data has covered the EU's 27 countries only, whereas previous figures up to Dec. 31 covered both the EU-27 and Britain.

Published 08 Feb, 2021 09:31pm

Markets

EU wheat steady as Russia export tax, USDA report in focus

March milling wheat on Paris-based Euronext was unchanged on the day at 224.75 euros ($270.22) a tonne.
The front-month contract was consolidating after falling to a three-week low of 221.25 euros on Wednesday.

Published 05 Feb, 2021 09:20pm

Markets

Russia to introduce formula-based wheat export tax on June 2

Moscow Exchange to compile exporters' prices from April 1.
Formula-based tax to start on June 2 and be permanent.
Exports of barley, corn will be subject to the tax too.

Updated 04 Feb, 2021 11:33pm

Markets

Corn up 3-5 cents, wheat up 4-5 cents, wheat steady-down 2 cents

The US Agriculture Department said that export sales of wheat totaled 736,600 tonnes in the week ended Jan. 28.
CBOT March soft red winter wheat last traded down 1-1/2 cents at $6.46-3/4 per bushel.

Published 04 Feb, 2021 08:07pm

Markets

Spot gold may test support at $1,818

On the daily chart, gold has broken a support at $1,841, the 38.2% projection level of a downward wave C from $1,959.01.

Published 04 Feb, 2021 11:12am

Markets

Jordan gets at least 3 participants in 120,000 tonne wheat tender

Participants were believed to be Cerealcom Dolj, Ameropa and Nibulon, they said.
No purchase has yet been made and results are expected later on Wednesday, traders said.

Published 03 Feb, 2021 05:16pm

Markets

French wheat offered lowest at Egypt's GASC tender

GASC is seeking an unspecified quantity of wheat for shipment March 15-30,
Russia's export tax has blunted the automatic price lead of Russian wheat but not pushed it out of the market. France is back in the picture ...

Published 02 Feb, 2021 07:13pm

Markets

Wheat down 3-4 cents, corn up 1-3 cents, soy down 4-5 cents

Wheat futures turn lower, retreating from early strength, awaiting market direction. Strength in corn lends support.
The US Agriculture Department confirmed private sales of 125,730 tonnes of US corn to Mexico and another 110,000 tonnes to Japan.

Published 01 Feb, 2021 08:02pm

Markets

Algeria bought about 630,000 tonnes to 660,000 tones wheat in tender

Initial estimates late on Wednesday put the purchase at between 500,000 tonnes to about 660,000 tonnes.
It was mostly believed to have been purchased at between $312 to $313 a tonne c&f, traders said.

Published 28 Jan, 2021 07:11pm

Markets

CBOT corn may rise into $5.46-1/2 to $5.51-3/4 range

A realistic target will be $5.46-1/2 or $5.51-3/4. Support is at $5.30-3/4.

Published 27 Jan, 2021 02:20pm

Markets

Russia's Sovecon ups forecast for Russia's 2021 wheat crop

"Heavy snowfall in recent weeks is likely to boost moisture reserves, which were abnormally low after a dry autumn," Sovecon, one of the leading agriculture consultancies in Moscow.

Published 22 Jan, 2021 04:34pm

Gainers
Losers
Leaders

Stock	Price
Data Textile / Feb 1 Data Textiles Limited(DATM)	7.08 ▲ 1.00 (16.45%)
Sec. Inv. Bank / Feb 1 Security Investment Bank Limited(SIBL)	4.85 ▲ 0.55 (12.79%)
Shaheen Ins. / Feb 1 Shaheen Insurance Company Limited(SHNI)	3.30 ▲ 0.30 (10.00%)
Gammon Pak / Feb 1 Gammon Pakistan Limited(GAMON)	6 ▲ 0.54 (9.89%)
Ashfaq Textile / Feb 1 Ashfaq Textile Mills Limited(ASHT)	10.39 ▲ 0.89 (9.37%)
Leather Up Ltd. / Feb 1 Leather Up Limited(LEUL)	11.72 ▲ 1.00 (9.33%)
Saif Textile / Feb 1 Saif Textile Mills Limited(SAIF)	11.99 ▲ 0.98 (8.90%)
Sindh Modaraba / Feb 1 Sindh Modaraba(SINDM)	7.60 ▲ 0.60 (8.57%)
Next Capital / Feb 1 Next Capital Limited(NEXT)	5.15 ▲ 0.39 (8.19%)
OLP Modaraba / Feb 1 OLP Modaraba Limited(OLPM)	13.50 ▲ 0.98 (7.83%)

Stock	Price
Pak Gulf Leasing / Feb 1 Pak-Gulf Leasing Company Limited(PGLC)	5.55 ▲ -0.90 (-13.95%)
First Pak Mod. / Feb 1 First Pak Modaraba(PAKMI)	1.33 ▲ -0.17 (-11.33%)
Jubilee Spinning / Feb 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.60 ▲ -0.30 (-10.34%)
Sakrand Sugar / Feb 1 Sakrand Sugar Mills Limited(SKRS)	9.74 ▲ -0.84 (-7.94%)
Ist.Capital Sec / Feb 1 First Capital Securities Corporation(FCSC)	1.20 ▲ -0.10 (-7.69%)
Dawood Lawrencepur / Feb 1 Dawood Lawrencepur Limited(DLL)	207.76 ▲ -16.84 (-7.50%)
JDW Sugar / Feb 1 JDW Sugar Mills Limited(JDWS)	350.59 ▲ -28.41 (-7.50%)
Pakistan Services / Feb 1 Pakistan Services Limited(PSEL)	2095.13 ▲ -169.87 (-7.50%)
Shahtaj Sugar / Feb 1 Shahtaj Sugar Mills Limited(SHJS)	45.79 ▲ -3.71 (-7.49%)
EFG Hermes Pak / Feb 1 EFG Hermes Pakistan Limited(EFGH)	12.49 ▲ -1.01 (-7.48%)

Stock	Volume
WorldCall Telecom / Feb 1 Worldcall Telecom Limited(WTL)	13,426,966 ▼ 0.00
Pak Petroleum / Feb 1 Pakistan Petroleum Limited(PPL)	10,194,870 ▲ -0.75
Gul Ahmed / Feb 1 Gul Ahmed Textile Mills Limited(GATM)	8,350,767 ▼ 0.57
P.I.A.C.(A) / Feb 1 Pakistan International Airlines Corp(PIAA)	8,280,000 ▼ 0.28
Pak Refinery / Feb 1 Pakistan Refinery Limited(PRL)	7,748,506 ▼ 0.08
Maple Leaf Cement / Feb 1 Maple Leaf Cement Factory Limited(MLCF)	6,561,607 ▼ 0.49
Habib Bank / Feb 1 Habib Bank Limited(HBL)	6,169,723 ▼ 0.57
Oil & Gas Dev. / Feb 1 Oil & Gas Development Company Limited(OGDC)	5,214,064 ▲ -0.69
K-Electric Ltd. / Feb 1 K-Electric Limited(KEL)	4,941,333 ▼ 0.02
Fauji Cement / Feb 1 Fauji Cement Company Limited(FCCL)	4,779,500 ▼ 0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 1	270.85
USD PKR Interbank Buying / Feb 1	268.85
USD to Japanese Yen / Feb 1	130.23
USD to Swiss Franc / Feb 1	0.92
Pound Sterling to USD / Feb 1	1.23
Euro to USD / Feb 1	1.09
UK LIBOR % / Jan 31	4.31

Stock	Volume
S&P 500 / Jan 31	4076.60
Nasdaq / Jan 31	11584.55
Dow Jones / Jan 31	34086.04
India Sensex / Feb 1	59708.08
Tokyo Nikkei / Feb 1	27345.74
Hang Seng / Feb 1	22072.18
FTSE 100 / Feb 1	7780.98
Germany DAX 30 / Feb 1	15120.54
France CAC40 / Feb 1	7085.19

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	20735
Gold 10 Grams PKR / Jan 31	172754
Crude Oil USD/Barrel / Feb 1	79.25
Gold Spot USD/Ounce / Feb 1	1925.87
Cotton US¢/pound / Feb 1	86.58

wheat crop

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