Trends - Wheat - Business Recorder

Wheat

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

Markets

Brent oil still targets April 20 high of $68.08

With the drop from $71.38 having been so much reversed, the current rally looks like a resumption of the uptrend from $35.74.

Published 29 Apr, 2021 11:28am

Markets

High prices nibble at corn’s sway as Asian feed buyers switch to wheat

SINGAPORE: Asian feed manufacturers are switching to wheat in animal rations as multi-year high corn prices ...

Published 29 Apr, 2021 03:52am

Pakistan

Governor KP asks to remove flaws in system for good governance

He said there must be a transparent system of voting so that we could resolve the problems of the poor masses in a proper manner.

Published 28 Apr, 2021 11:40pm

Markets

US oil may rise to $64.24

On the daily chart, oil is heading towards $64.12, a break above which could open the way towards $66.65, the Jan. 8, 2020 high.

Published 28 Apr, 2021 10:45am

Markets

Palm oil may rise into 4,130-4,231 ringgit range

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 28 Apr, 2021 10:43am

Markets

Spot gold may test support at $1,763

On the daily chart, following its failure to overcome a barrier at $1,799, the metal broke a support at $1,775. The break opened the way towards $1,723-$1,752 range.

Published 28 Apr, 2021 10:38am

Pakistan

CM reviews steps for providing relief to masses

LAHORE: Chief Minister Punjab Sardar Usman Buzdar chaired a meeting in his office on Tuesday to review steps for...

Updated 28 Apr, 2021 10:08am

Markets

US MIDDAY: Corn, wheat hit 8-year highs

CHICAGO: Chicago corn, wheat and soyabean futures extended a rally on Tuesday to eight-year highs, supported by corn...

Published 28 Apr, 2021 03:18am

Markets

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

If sourced from the US Pacific Northwest coast or South Africa, shipment is sought between July 24 and Aug. 12.

Published 27 Apr, 2021 12:19pm

Markets

Palm oil may bounce again to 3,945 ringgit before falling

The drop could be limited to 3,698 ringgit.

Published 27 Apr, 2021 12:07pm

Markets

Brent oil may retest support at $64.66

As long as the contract remains below $66.15, the target of $62.91 will remain intact. A break above $66.15 may lead to a gain to $68.14.

Published 27 Apr, 2021 12:06pm

BR Research

Pakistan’s silent rice revolution

Over the past decade, much has gone sideways in Pakistan’s agricultural sector. Productivity stagnation in primary...

Published 27 Apr, 2021 07:25am

Markets

BD issues new tender to buy wheat

HAMBURG: Bangladesh’s state grains buyer has issued another international tender to purchase 50,000 tonnes of...

Published 27 Apr, 2021 03:02am

Tarin orders revisit of farm-to-consumer chain

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin has directed the provincial government and the Pakistan...

Published 27 Apr, 2021 03:02am

Markets

US oil may end bounce around $62.62

On the daily chart, the fall from $67.98 could last as long as the one from the Aug. 25, 2020 high of $43.57, which ended on Nov. 2, 2020.

Published 26 Apr, 2021 11:50am

Markets

Palm oil may fall more to 3,859 ringgit

On the daily chart, a harami cross formed between April 22 and April 23, which is a bearish reversal signal.

Published 26 Apr, 2021 11:47am

Markets

Brent oil may end bounce around $66.46

In terms of duration, the current consolidation looks far from complete.

Published 26 Apr, 2021 11:45am

Markets

Gold ticks up as dollar stays on back foot

Zimbabwe's gold production fell 30% to 3.98 tonnes in the first quarter of this year, central bank data showed.

Published 26 Apr, 2021 11:37am

Markets

Sindh, B’tan: Passco may not meet wheat procurement targets

LAHORE: The Pakistan Agricultural Services and Supplies Corporation (PASSCO) may not be able to meet its procurement...

Published 25 Apr, 2021 03:13am

Markets

EU wheat, rapeseed at fresh highs in grain surge

PARIS: Euronext wheat and rapeseed climbed further on Thursday to set new contract highs as a grain market rally...

Published 24 Apr, 2021 03:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 17	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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