Trends - Wheat - Business Recorder

Wheat

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

Markets

Palm oil may retest support at 3,855 ringgit

A break above 3,967 ringgit will open the way towards a zone of 4,010-4,068 ringgit.

Published 30 Apr, 2021 11:33am

Markets

Brent oil may test support at $67.66

It will be very difficult for oil to break these resistances. A break may lead to a limited gain to $69.65.

Published 30 Apr, 2021 11:31am

Markets

Palm reverses gains on cheaper rivals, lower Indian demand fears

However, higher palm oil exports from both Malaysia and Indonesia provided some cushion to the weakness.

Published 30 Apr, 2021 11:22am

Markets

London copper snaps five-session rally ahead of holidays

The most-traded June copper contract on the Shanghai Futures Exchange fell 0.9% to 71,660 yuan ($11,076.76) a tonne, after touching a 10-year peak of 73,060 yuan earlier in the session.

Published 30 Apr, 2021 11:14am

BR Research

Time to negotiate with the real “wheat barons”

Over the past 18 months, BR Research has run a concerted campaign warning policymakers of a looming food security...

Published 30 Apr, 2021 07:25am

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 30 Apr, 2021 05:06am

Markets

EU cuts 2021/22 soft wheat crop forecast to 124.8mn tonnes

That would still be above 2020/21 production of common wheat, or soft wheat, of 117.2 million tonnes, the Commission's monthly supply and demand data showed.
The Commission also lowered its projection of soft wheat stocks at the end of 2021/22, to 11.4 million tonnes from 12.9 million last month, reflecting the reduced harvest forecast.

Published 29 Apr, 2021 06:24pm

Markets

US oil may test resistance at $64.61

The current prediction is oil would fail again to break the zone and then start a correction which is much shallower than the one from $67.98.

Published 29 Apr, 2021 11:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	156.99
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 24	5304.72
India Sensex / May 24	74410.39
Tokyo Nikkei / May 24	38646.11
Nasdaq / May 24	16920.80
Hang Seng / May 24	18608.94
FTSE 100 / May 24	8317.59
Dow Jones / May 24	39069.59
Germany DAX 30 / May 24	18693.37

Item	Value
Crude Oil USD/Barrel / May 24	77.72
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2333.83
Cotton US¢/pound / May 24	80.52
Petrol/Litre / May 26	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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