Trends - wheat prices - Business Recorder

wheat prices

Wheat up 5-7 cents; corn, soybeans down 2-4 cents

Wheat futures rebounding from three straight days of declines, supported by deteriorating crop conditions in the US Plains.
The US Agriculture Department lowered its good-to-excellent ratings for wheat in Kansas, Texas and Oklahoma.

Published 02 Mar, 2021 08:30pm

Markets

Philippines tenders for 145,000 tonnes of wheat

Deadline for price submissions is believed to be Thursday, March 4.
The group is seeking 75,000 tonnes of feed wheat in two consignments for delivery between April and June. Another 70,000 tonnes of milling wheat is sought in two consignments for delivery in June.

Published 02 Mar, 2021 06:29pm

Markets

Paris wheat pauses after rally, rapeseed hits near 8-year high

May milling wheat, now the most active contract on Paris-based Euronext, was down 0.25 euro, or 0.1%, at 229.00 euros ($278.12) a tonne.
The contract earlier equalled Monday's one-month high of 229.75 euros but again failed to breach resistance at 230 euros.

Published 23 Feb, 2021 07:07pm

Markets

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

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

BR Research

The curtain lifts on regional flour price disparity

After months of obscurantism and mudslinging between provinces, the Pakistan Bureau of Statistics have published...

Published 17 Feb, 2021 07:30am

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

Britain's wheat imports accelerate during December

Wheat imports for the month totalled 332,458 tonnes, up from 208,948 tonnes in November.
Germany was the largest supplier in December, shipping 136,083 tonnes, followed by Denmark with 103,121 tonnes.

Published 12 Feb, 2021 09:32pm

Markets

European wheat prices rise

HAMBURG: European wheat prices rose on Monday as US and European grain belts were hit by freezing temperatures while...

Published 10 Feb, 2021 04:12am

Markets

Paris wheat consolidates before USDA crop report

March milling wheat on Paris-based Euronext was up 0.25 euros or 0.1% at 226.75 euros a tonne.
Chicago corn futures rose to a new 7-1/2-year high earlier on Tuesday as investors anticipated the USDA would reduce US and global supplies of the feed grain.

Published 09 Feb, 2021 09:21pm

Markets

Philippines purchased about 224,000 tonnes feed wheat

It was bought in four consignments each of about 56,000 tonnes. If sourced from the Black Sea region or Europe. *Detailed prices were unavailable but were estimated to be around or slightly below $300 a tonne c&f.

Published 09 Feb, 2021 06:06pm

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

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

EU 2020/21 soft wheat exports 14.99 million tonnes by Jan 31

That was down from 18.02 million tonnes cleared by the same week last season.
The change reflects Britain's departure from the EU's customs union at the end of December, following its formal exit from the bloc in early 2020.

Updated 01 Feb, 2021 09:56pm

Markets

Russia may impose formula-based wheat export tax from June 1

Moscow is attempting to reduce wheat exports to help curb rising domestic food prices after President Vladimir Putin criticised food inflation amid the coronavirus pandemic.
The formula may be set at 70% of the difference between the price of wheat per tonne and $200, starting from June 1.

Published 30 Jan, 2021 06:55pm

BR Research

Regional flour price disparity demands answers

For most of 2020, flour prices in major centres of Sindh have been at least one-third higher than in Punjab. That is...

Published 28 Jan, 2021 07:25am

Markets

Wheat down 10-15 cents, corn down 4-8, soybeans down 15-20

Wheat lower for a fourth straight session on profit-taking and technical selling, and on spillover pressure from lower corn and soybeans.
CBOT March soft red winter wheat last traded down 12-3/4 cents at $6.48 per bushel.

Published 22 Jan, 2021 08:27pm

Markets

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

Tonnage bought was initially unclear. The tender had sought 92,000 tonnes of soft wheat, 92,000 tonnes of durum wheat and 75,000 tonnes of barley.
Lowest price for the soft wheat was initially estimated at $314.98 a tonne c&f.

Published 22 Jan, 2021 06:01pm

BR Research

Avoiding the next wheat price spiral

It seems the incumbents in Islamabad won’t ever catch a break. Two and a half years into its rule at the centre,...

Published 21 Jan, 2021 07:36am

Markets

Jordan tenders to buy 120,000 tonnes feed barley

Jordan bought about 60,000 tonnes of barley in a previous tender for 120,000 tonnes which closed on Tuesday.
A separate tender from Jordan to buy 120,000 tonnes of wheat also closes on Wednesday.

Published 20 Jan, 2021 05:53pm

Markets

Wheat holds near 6-1/2 year peak as focus stays on Russian export tax

Russian export tax plans, Argentina rumours sustain wheat rally.
Chicago soybeans ease as palm oil slides, S.America rain weighs.
Corn steady near multi-year highs as Ukraine debates export cap.

Published 19 Jan, 2021 07:34pm

Pakistan

Govt taking concrete measures to bring down sugar, wheat prices: Senate told

The Minister said petroleum prices in Pakistan are lower than that of the neighboring countries.

Published 18 Jan, 2021 07:13pm

Markets

Turkey postpones tender to buy 400,000 tonnes wheat

The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting

Published 18 Jan, 2021 06:29pm

Markets

Russian wheat export prices jump ahead of tax launch

Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.

Published 18 Jan, 2021 04:46pm

Markets

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Russia's economy minister announced the plans on Friday, in another push to curb a rise in domestic food prices triggered by the COVID-19 crisis. *"We are communicating with Ukraine to import wheat," said Mosammat Nazmanara Khanum.

Published 16 Jan, 2021 07:02pm

Markets

Ukraine wheat flour exports fall by 56pc in H1 2020/21

Export volume totalled 79,500 tonnes and the main destination was United Arab Emirates with imports of 15,300 tonnes.
Exports reached 182,500 tonnes during the same period of the previous season.

Published 16 Jan, 2021 06:37pm

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
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
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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