AIRLINK 69.20 Decreased By ▼ -3.86 (-5.28%)
BOP 4.90 Decreased By ▼ -0.19 (-3.73%)
CNERGY 4.26 Decreased By ▼ -0.11 (-2.52%)
DFML 31.25 Decreased By ▼ -1.20 (-3.7%)
DGKC 77.25 Increased By ▲ 1.76 (2.33%)
FCCL 20.00 Increased By ▲ 0.48 (2.46%)
FFBL 35.00 Decreased By ▼ -1.15 (-3.18%)
FFL 9.12 Decreased By ▼ -0.10 (-1.08%)
GGL 9.80 Decreased By ▼ -0.05 (-0.51%)
HBL 112.76 Decreased By ▼ -3.94 (-3.38%)
HUBC 133.04 Increased By ▲ 0.35 (0.26%)
HUMNL 6.95 Decreased By ▼ -0.15 (-2.11%)
KEL 4.23 Decreased By ▼ -0.18 (-4.08%)
KOSM 4.25 Decreased By ▼ -0.15 (-3.41%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 132.87 Decreased By ▼ -0.63 (-0.47%)
PAEL 22.64 Increased By ▲ 0.04 (0.18%)
PIAA 24.20 Decreased By ▼ -1.81 (-6.96%)
PIBTL 6.46 Decreased By ▼ -0.09 (-1.37%)
PPL 116.30 Increased By ▲ 0.99 (0.86%)
PRL 25.90 Decreased By ▼ -0.73 (-2.74%)
PTC 13.08 Decreased By ▼ -1.02 (-7.23%)
SEARL 52.00 Decreased By ▼ -1.45 (-2.71%)
SNGP 67.60 Increased By ▲ 0.35 (0.52%)
SSGC 10.54 Decreased By ▼ -0.16 (-1.5%)
TELE 8.28 Decreased By ▼ -0.14 (-1.66%)
TPLP 10.80 Increased By ▲ 0.05 (0.47%)
TRG 59.29 Decreased By ▼ -4.58 (-7.17%)
UNITY 25.13 Increased By ▲ 0.01 (0.04%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,409 Decreased By -52.4 (-0.7%)
BR30 24,036 Decreased By -134.9 (-0.56%)
KSE100 70,667 Decreased By -435.6 (-0.61%)
KSE30 23,224 Decreased By -170.8 (-0.73%)
Brecorder Logo
May 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

wheat crop

EU wheat exports slacken as importers juggle with Russian supply

EU wheat exports slacken as importers juggle with Russian supply

  • Brisk sales of EU wheat earlier in the July-June season, including large volumes of French wheat for China and German wheat for Algeria, had fuelled talk of tight stocks after a smaller harvest last summer.
  • Russia's decision to tax wheat exports from mid-February, to help cool local prices, was then expected to bring further demand for EU wheat, but prospects have instead dimmed.
Published 09 Apr, 2021 09:04pm
Sovecon raises forecast for Russia's 2021 wheat crop
Markets

Sovecon raises forecast for Russia's 2021 wheat crop

  • Conditions in the south - Russia's largest wheat producing area - were improved by healthy precipitation, Sovecon said. Russia is one of the world's largest exporters of wheat.
  • Wheat in the southern part of Russia entered last winter in the worst shape in a decade. However, the 2021 weather was favourable for the region, and crop conditions improved dramatically in recent months.
Published 09 Apr, 2021 08:49pm
Wheat up 5-8 cents, corn up 3-5 cents, soy steady-up 2 cents
Markets

Wheat up 5-8 cents, corn up 3-5 cents, soy steady-up 2 cents

  • Benchmark CBOT May soft red winter wheat rose above its 100-day moving average for the first time since March 24 during the overnight trading session. Technical resistance was noted at the contract's 30-day moving average.
  • CBOT May soft red winter wheat was last up 5-1/2 cents at $6.34-1/4 per bushel. K.C. May hard red winter wheat was last up 5-3/4 cents at $5.82-1/4.
Published 09 Apr, 2021 07:25pm
French cereal conditions good ahead of cold spell
Markets

French cereal conditions good ahead of cold spell

  • That was well above a score of 62% a year ago, when crops had suffered from torrential rain.
  • The winter barley rating increased to 85% good/excellent from 84% the previous week while the spring barley score also gained one point, to 92%.
Published 09 Apr, 2021 05:03pm
Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes
Markets

Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes

  • Russia doubled its wheat export tax to 50 euros ($59) per tonne last month in an attempt to curb high food price inflation amid the coronavirus pandemic. The tax was at 25 euro/tonne on Feb. 15-28.
  • The current low pace of wheat exports brought the estimate down, as did the fall in export prices in March, Sovecon, one of the leading agriculture consultancies in Moscow, said in a note.
Published 02 Apr, 2021 07:55pm
Morocco grain traders see strong harvest, lower soft wheat imports
Markets

Morocco grain traders see strong harvest, lower soft wheat imports

  • The central bank has already raised its economic growth projection from earlier forecasts based on a predicted cereals harvest of 9.5 million tonnes, well up from 3.2 million tonnes last year.
  • "Cereals output is expected to exceed 10 million tonnes this season, which means less imports," he said.
Published 01 Apr, 2021 05:21pm
France's wheat exports boosted by Morocco, China buys barley
Markets

France's wheat exports boosted by Morocco, China buys barley

  • Soft wheat exports to destinations outside the EU-27 and Britain totalled 937,700 tonnes in March, the ninth month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.
  • Morocco was the leading destination, accounting for 348,400 tonnes, nearly three times the volume shipped there in February.
Published 01 Apr, 2021 05:20pm
EU forecasts higher wheat crop, exports in 2021/22
Markets

EU forecasts higher wheat crop, exports in 2021/22

  • In grain supply and demand data, the Commission also projected that EU exports of common wheat, or soft wheat, would reach 30.0 million tonnes next season compared with 27.0 million expected in the current 2020/21 season that ends on June 30.
Published 25 Mar, 2021 06:31pm
Wheat down 6-8 cents, corn down 1-3 cents, soy up 2-4 cents
Markets

Wheat down 6-8 cents, corn down 1-3 cents, soy up 2-4 cents

  • Profit-taking expected after most-active soft red winter wheat contract jumped 1.2% on Tuesday, its biggest rally in two weeks.
  • CBOT May soft red winter wheat futures contract dropped below its five-day and 100-day moving averages during the overnight trading session.
Published 24 Mar, 2021 07:28pm
Paris wheat hits five-week low on slack import demand
Markets

Paris wheat hits five-week low on slack import demand

  • Front-month May milling wheat on the Paris-based Euronext exchange was down 1.25 euros, or 0.6%, at 218.50 euros ($260.32) a tonne.
  • It earlier touched its lowest since Feb. 12 at 218.25 euros, just below a previous five-week low touched on Friday.
Published 22 Mar, 2021 08:59pm