Trends - Wheat - Business Recorder

Wheat

Palm falls for third day on expectations of rising stockpile

Meanwhile, Dalian's most-active soyoil contract fell 1%, while its palm oil contract slipped 3.5%. Soyoil prices on the Chicago Board of Trade were down 1.1%.

Published 02 Mar, 2021 01:26pm

Markets

Taiwan's MFIG buys about 65,000 tonnes corn from Argentina

If sourced from the US Pacific Northwest coast or South Africa, shipment is sought between May 9 and May 28.

Published 02 Mar, 2021 12:06pm

Markets

Palm oil may fall into 3,466-3,545 ringgit range

A projection analysis on the uptrend from 3,210 ringgit reveals a realistic target zone of 3,466-3,545 ringgit range.

Published 02 Mar, 2021 10:08am

Markets

China sells wheat at auction

BEIJING: China sold 1,681,496 tonnes of wheat, or 41.68% of total offer, at an auction of state reserves last week,...

Published 02 Mar, 2021 05:50am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 1, 2021)....

Published 02 Mar, 2021 05:50am

Markets

Ukraine wheat, corn, barley export prices rise

KYIV: Ukrainian soft milling wheat export prices added $5 a tonne over the past week, supported by worries about...

Published 02 Mar, 2021 05:50am

Markets

Russian wheat export prices rise with global prices

MOSCOW: Russian wheat export prices rose for the second consecutive week last week due to higher prices in Chicago...

Published 02 Mar, 2021 05:50am

Pakistan

More wheat production expected during current year: Hammad Ahzar

Hammad Azhar said that previous year sugarcane crop was not good but this year would be better.

Published 02 Mar, 2021 12:18am

Markets

Indonesia's February Sumatra robusta exports down 83% y/y

On a monthly basis, exports also fell 67% on from January as farmers awaited the coffee harvest.

Published 01 Mar, 2021 12:48pm

Markets

Indonesia Jan-Apr 2021 unhusked rice output seen up 27% y/y

The Southeast Asian country is targeting unhusked rice production at 58.5 million tonnes in 2021, the agriculture ministry said in November.

Published 01 Mar, 2021 12:43pm

Markets

China's soybean futures hit record high as supply, acreage tighten

Both beans can be used to make soybean oil for cooking, though some consumers in China have preference for non-GMO edible oils.

Published 01 Mar, 2021 12:41pm

Markets

Palm oil may fall into 3,624-3,673 ringgit range

The bearish divergence on the hourly RSI suggests an exhaustion of the wave B, which could have peaked around 3,801 ringgit.

Published 01 Mar, 2021 10:11am

Markets

Profit-taking pressures US wheat, corn, soyabeans

CHICAGO: Chicago Board of Trade wheat futures slid 2.8% on Friday, their second straight day of declines, on a...

Published 28 Feb, 2021 04:55am

Business & Finance

‘Significant investment in modern agri-storage critical’

LAHORE: Immediate significant investment in modern agri-storage is critical to address country’s post-harvest...

Published 28 Feb, 2021 04:55am

Markets

French wheat, barley mostly in good shape after winter

PARIS: Most wheat and barley crops in France, the European Union's biggest grain producer, remain in good condition...

Published 27 Feb, 2021 04:29am

Markets

Asia Grains-Australia wheat prices rise further on higher freight costs

Australian standard wheat is being offered at $314 a tonne, C&F, while Australian hard wheat is around $325 a tonne.

Published 26 Feb, 2021 11:33am

Markets

US oil still targets $64.15-$65.29 range

A doji formed on Thursday. It will only be regarded as a bearish reversal signal if a black candlestick appears on Friday.

Published 26 Feb, 2021 09:58am

Markets

Palm oil may test resistance at 3,834 ringgit

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 26 Feb, 2021 09:57am

Markets

CBOT wheat futures rise

CHICAGO: Chicago Board of Trade soft red winter wheat futures rose on Wednesday to their highest since Jan. 19 on a...

Published 26 Feb, 2021 05:20am

Markets

Euronext wheat, rapeseed hit new highs

PARIS: Front-month wheat and rapeseed futures on Euronext set new multi-year highs on Wednesday, as tightening...

Published 26 Feb, 2021 05:20am

Markets

Euronext wheat edges higher in late trade

PARIS: Euronext wheat edged higher in late trade on Tuesday, supported by ongoing short-covering in front-month...

Published 25 Feb, 2021 04:58am

Markets

Copper hits 9-1/2-year high on tight supply, demand hopes

The most-traded April copper contract on the Shanghai Futures Exchange advanced 0.8% to 68,110 yuan ($10,541.71) a tonne, having hit its highest since August 2011 at 68,880 yuan a tonne earlier in the session.

Published 24 Feb, 2021 10:20am

Markets

Brent oil may rise into $66.45-$66.97 range again

On the daily chart, oil failed to break a falling trendline.

Published 24 Feb, 2021 10:14am

Markets

US oil may retest resistance at $62.78

Based on the drop from this high to the Feb. 19 low of $58.59, oil is supposed to rise to $65.61. A break above $62.08 could signal the continuation of the uptrend.

Published 24 Feb, 2021 10:12am

Markets

Palm oil may test resistance at 3,752 ringgit

Support is at 3,624 ringgit, a break below which could cause a fall into the 3,466-3,545 ringgit range. On the daily chart, the contract may break a resistance at 3,581 ringgit, following its failure on Feb. 15.

Published 24 Feb, 2021 10:11am

Markets

Euronext wheat closes to 7-1/2-year highs

HAMBURG: Euronext front-month wheat on Monday remained close to the 7-1/2 year highs hit on Friday, as concern about...

Published 24 Feb, 2021 05:24am

Markets

Palm oil gains 2% as crude, soyoil rise

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.

Published 23 Feb, 2021 12:09pm

Markets

Palm oil may retest support at 3,465 ringgit

On the daily chart, the contract closed below a resistance at 3,581 ringgit. It is still likely to drop to 3,411 ringgit.

Published 23 Feb, 2021 11:04am

Markets

Euronext wheat pares gains on technical flurry

PARIS: Euronext front-month wheat futures pared gains in late trading on Friday after touching a 7-1/2 year high...

Published 23 Feb, 2021 05:20am

Markets

US MIDDAY: Wheat rises

CHICAGO: US wheat futures rose on Monday as traders focused on the condition of the crop after severe cold snaps in...

Published 23 Feb, 2021 05:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	154.15
USD to Swiss Franc / May 15	0.90
Pound Sterling to USD / May 15	1.27
Euro to USD / May 15	1.09

Stock	Volume
S&P 500 / May 15	5308.15
India Sensex / May 15	72987.03
Tokyo Nikkei / May 15	38630.19
Nasdaq / May 15	16742.39
Hang Seng / May 15	19161.63
FTSE 100 / May 15	8445.80
Dow Jones / May 15	39908
Germany DAX 30 / May 15	18869.36

Item	Value
Crude Oil USD/Barrel / May 15	78.99
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2388.85
Cotton US¢/pound / May 15	76.16
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

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

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

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

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