Trends - Wheat - Business Recorder

Wheat

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

Markets

European wheat edges lower in team with Chicago

PARIS: European wheat eased on Wednesday following falls in Chicago and ongoing speculation that planned export ...

Updated 05 Feb, 2021 11:47pm

Markets

Argentina's corn and soy crops pull away from stricken 2018 harvest

The US Department of Agriculture's Buenos Aires office last week projected the corn crop at 47 million tonnes, a half million below the agency's official estimate, due to drought damage.

Published 04 Feb, 2021 12:07pm

Markets

Palm oil may stabilise around 3,208 ringgit

The current wave b may end above 3,148 ringgit, to be reversed by the wave c.

Published 04 Feb, 2021 11:16am

Markets

Russian wheat export prices down

MOSCOW: Russian wheat export prices fell for the second consecutive week last week due to more active supply from...

Published 04 Feb, 2021 04:13am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 117,848 tonnes of cargo comprising 88,491 tonnes of import cargo and 29,357 tonnes...

Published 04 Feb, 2021 04:13am

Sugar, wheat requirement: PM directs ministry to finalise estimates

ISLAMABAD: Prime Minister Imran Khan has directed the Ministry of National Food, Security and Research to finalise...

Published 04 Feb, 2021 04:13am

Markets

Euronext front-month wheat futures higher

PARIS: Euronext front-month wheat futures turned higher on Tuesday after an earlier one-week low as a large sale of...

Published 04 Feb, 2021 04:13am

Markets

Mexican corn imports to dip 9% this year, government forecasts

The bulk of Mexico's corn imports come from the United States, its top trade partner. In the year through November, Mexico had imported 13 million tonnes from the United States.

Published 03 Feb, 2021 12:52pm

Markets

Palm oil tumbles 3% tracking weaker Dalian, soyoil

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 102 ringgit, or 3%, to 3,289 ringgit a tonne during early trade.

Published 03 Feb, 2021 12:12pm

Markets

US oil may retreat to $54.60 before rising

The resistance is identified as the 161.8% projection level of an upward wave C from $51.64. It triggered a wave 4, the fourth wave of the wave C.

Published 03 Feb, 2021 10:53am

Markets

Spot gold may retest support at $1,832

The metal may test the next support at $1,805, with a good chance of breaking below this level and falling towards $1,769.

Published 03 Feb, 2021 10:49am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 151,423 tonnes of cargo comprising 111,031 tonnes of import cargo and 40,392 ...

Published 03 Feb, 2021 04:35am

Markets

European wheat falls to one week low

HAMBURG: European wheat futures fell to one-week lows on Monday, pressured by a fall in Chicago as US corn dropped...

Published 03 Feb, 2021 04:35am

Markets

Paris wheat steadies after French sale to Egypt

A fall in the euro to its lowest in around two months against the dollar also brightened European export prospects.

Published 02 Feb, 2021 11:15pm

Markets

French wheat offered lowest at Egypt's GASC tender

GASC is seeking an unspecified quantity of wheat for shipment March 15-30,
Russia's export tax has blunted the automatic price lead of Russian wheat but not pushed it out of the market. France is back in the picture ...

Published 02 Feb, 2021 07:13pm

Markets

No cocoa bean exports from Indonesia's Lampung in Jan

The local trade office often revises shipment figures as more data becomes available.

Published 02 Feb, 2021 01:36pm

Markets

Palm oil may test resistance at 3,524 ringgit

Despite its strength, the current rise may end in a wide range of 3,524-3,716 ringgit, as the fall from 3,888 ringgit adoped a five-wave mode, which suggests the second round of drop.

Published 02 Feb, 2021 10:07am

Markets

Euronext wheat eases after volatile week

PARIS: Euronext wheat futures fell on Friday, ceding some of its gains after a volatile week marked by huge Chinese...

Published 02 Feb, 2021 04:29am

Markets

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 302,423 tonnes of cargo comprising 228,131 tonnes of import cargo and 74,292 ...

Published 02 Feb, 2021 04:29am

Jan CPI up 5.7pc YoY

ISLAMABAD: The Consume Price Index (CPI) has recorded an increase of 5.7 percent on year-on-year basis in January...

Updated 02 Feb, 2021 09:40am

Markets

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

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.

Published 02 Feb, 2021 01:10am

Markets

Corn falls from 7-1/2 year highs after U.S. sales to China

Soybeans fell despite a slow Brazilian harvest that could impact exports, while wheat followed soy lower.

Published 02 Feb, 2021 12:17am

Markets

Ivory Coast 2020/21 cocoa port arrivals seen at 1.321mn T by Jan. 31

About 23,000 tonnes of beans were delivered to Abidjan port and 27,000 tonnes to San Pedro between January 25 to Jan. 31.

Published 01 Feb, 2021 03:06pm

Markets

China sells 2,187,297 T wheat in auction of state reserves

The table below shows the volume of wheat sold at weekly auctions from China's state reserves since June 22 last year.

Published 01 Feb, 2021 12:12pm

Markets

Corn rises to highest level since June 2013 on Chinese demand

Analysts said soybeans have drawn support from concerns about potential damage from rains across Brazil.

Published 01 Feb, 2021 12:04pm

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
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
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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