Trends - Wheat - Business Recorder

Wheat

Euronext wheat rises after one week low

PARIS: Euronext wheat edged higher on Thursday, recovering from one week low as Chicago grain futures steadied...

Published 14 Feb, 2021 03:49am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 161,543 tonnes of cargo comprising 113,870 tonnes of import cargo and 47,673 ...

Published 14 Feb, 2021 03:49am

Editorials

Controlling food inflation

EDITORIAL: The prime minister’s congratulatory tweets about inflation dropping to 5.7 percent this January against...

Published 14 Feb, 2021 03:49am

Markets

ASIA RICE-India rates anchored near 3-year peak on strong export demand

Bangladesh imported around 100,000 tonnes of rice mainly from India over the last month and more deals are being finalised, a food ministry official said.

Published 12 Feb, 2021 11:14am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 161,543 tonnes of cargo comprising 113,870 tonnes of import cargo and 47,673 ...

Updated 12 Feb, 2021 11:47pm

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Updated 12 Feb, 2021 11:47pm

Markets

EU wheat steadies after one-week low

PARIS: Euronext wheat edged higher on Thursday, recovering from a one-week low as Chicago grain futures steadied...

Updated 12 Feb, 2021 11:47pm

Markets

US MIDDAY: Corn, soya and wheat plummet

CHICAGO: US corn, soyabean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by...

Updated 12 Feb, 2021 11:48pm

Markets

Palm oil may edge up to 3,684 ringgit

On the daily chart, palm oil has cleared a resistance at 3,606 ringgit, the 23.6% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit. It is likely to gain more to 3,713 ringgit.

Published 11 Feb, 2021 10:10am

Opinion

LNG terminals

The Cabinet Committee on Energy (CCOE) has rejected a request of LNG terminal developers to allocate gas ...

Published 11 Feb, 2021 04:35am

Pakistan

Wheat output to surpass 27mn tons mark in current season

The Crop sowing in Punjab recorded 2.6 percent growth, Sindh 2 percent, Khyber Pakhtunkhwa and Balochsitan 1 percent respectively.

Updated 10 Feb, 2021 07:03pm

Markets

Corn extends fall on higher-than-expected supply, wheat follows

Corn falls for 2nd session as USDA projects supplies above expectations.
Chicago wheat slides in the wake of corn.
Soybeans ease after strong rally in prices.

Published 10 Feb, 2021 05:53pm

Markets

Palm oil may retreat to 3,503 ringgit

On the daily chart, a retracement analysis on the uptrend from 2,691 ringgit to 3,888 ringgit reveals a similar resistance at 3,606 ringgit, the 23.6% level.

Published 10 Feb, 2021 10:50am

Markets

Brent oil may rise into $61.74-$62.23 range

The reversal signals a continuation of the uptrend.

Published 10 Feb, 2021 10:49am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 160,278 tonnes of cargo comprising 125,615 tonnes of import cargo and 34,663 ...

Published 10 Feb, 2021 04:12am

Markets

Russian wheat export prices fall

MOSCOW: Russian wheat export prices fell sharply last week due to a weakening of the rouble and still limited demand...

Published 10 Feb, 2021 04:12am

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

Soybeans up 10-13 cents, corn up 1-2 cents, wheat down 3-5 cents

The CBOT's most-active soft red winter wheat contract slipped on Tuesday after following corn and soybeans higher on Monday.
The CBOT's March wheat contract fell below the lower end of its Bollinger Bands during overnight trading.

Updated 09 Feb, 2021 11:31pm

Markets

Palm oil may rise into 3,503-3,584 ringgit range

A drop below 3,400 ringgit may signal the break above 3,422 ringgit was false. The contract may then drop towards 3,322 ringgit.

Published 09 Feb, 2021 10:58am

Markets

US MIDDAY: Corn rallies to 7-1/2 years high

CHICAGO: US corn futures rallied to a 7-1/2 years peak on Monday on buying ahead of a monthly US government crop...

Published 09 Feb, 2021 04:43am

Markets

LME copper may rise into $8,096-$8,200 range this week

A bullish wedge has been confirmed. It signals a continuation of the uptrend.

Published 08 Feb, 2021 01:08pm

Markets

Spot gold may test support at $1,801

The bounce on Feb. 5 is classified as a pullback towards $1,805. Eventually, the metal may break this level and fall to $1,769.

Published 08 Feb, 2021 10:27am

Markets

Euronext wheat slightly lower

PARIS: Euronext wheat ended flat to slightly lower on Thursday, curbed by weakness in Chicago grain futures, while...

Published 07 Feb, 2021 04:07am

Markets

EU wheat steadies

PARIS: Euronext wheat futures were little changed on Friday as traders continued to assess the potential impact of...

Published 06 Feb, 2021 04:06am

Markets

French soft wheat shipments outside EU fall again

PARIS: French soft wheat shipments outside the European Union in January fell for the second month in a row as...

Published 06 Feb, 2021 04:06am

Markets

Palm oil may rise to 3,422 ringgit

A break below 3,322 ringgit may cause a fall into 3,208-3,260 ringgit range. On the daily chart, the contract is trying to stabilize around a rising trendline.

Published 05 Feb, 2021 11:58am

Markets

Corn falls; hovers near 7-year high on Chinese demand

Brazil's Agriculture Minister Tereza Cristina Dias on Thursday confirmed the government expects to harvest bumper soybean and corn crops despite planting and harvesting delays in 2020.

Published 05 Feb, 2021 11:37am

Markets

Malaysia end-Jan palm oil stocks seen rebounding as exports, output plunge

A drop in imports, after hitting multi-year highs in December, will be the main deterrent for stockpiles to rise, said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics.

Published 05 Feb, 2021 11:25am

Markets

ASIA RICE-Indian rates scale 3-year peak; Vietnam hit by container shortage

"Shipments to regional ports have been facing delays, and we can't even book ships for European and African ports," a trader said.

Published 05 Feb, 2021 11:05am

Markets

Russia to introduce formula-based wheat export tax on June 2

MOSCOW: Russia is accelerating plans to switch to a formula-based tax on wheat exports, the economy minister said on...

Updated 05 Feb, 2021 11:47pm

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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