Trends - Wheat - Business Recorder

Wheat

U.S. soy rallies on signs of strong demand; corn, wheat rise

Corn and wheat futures also were firm, recovering from overnight weakness with the market focused on tight supplies.

Published 15 Jan, 2021 12:13am

Markets

Russia may continue taxing wheat exports in the new marketing season

Russia, one of the world's largest wheat exporters, is trying to stabilise domestic food prices with the wheat export levy as well as a grain export quota and a series of other measures after President Vladimir Putin criticised the impact of excessive inflation.

Published 14 Jan, 2021 11:29pm

Markets

Argentina's wheat harvest seen at 17mn tonnes, exchange says

Recent rains have also helped improve the state of the country's crops ahead of the 2020/2021 harvest, a welcome relief for farmers following a prolonged drought during the southern hemisphere winter.

Published 14 Jan, 2021 12:40pm

Markets

Spot gold may fall into $1,797-$1,819 range

The metal may revisit the low of $1,774.79 over the next one or two weeks.

Published 14 Jan, 2021 11:20am

Markets

Corn dips after rally, tightening global supplies curb losses

The export cap that had been imposed at the start of the week was criticised by growers who said it would weigh on production. Argentina, the world's No. 3 corn exporter, is also the top international supplier of soymeal livestock feed.

Published 14 Jan, 2021 11:17am

Markets

China's 2020 soybean imports climb 13% to record as pig sector demand recovers

"Imports in the New Year are expected to hit a new record high," he added, declining to be named as he was not authorised to speak to the media.

Published 14 Jan, 2021 10:47am

Markets

Palm oil may test resistance at 3,757 ringgit

The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.

Published 13 Jan, 2021 10:25am

Markets

Spot gold may retreat towards $1,833

The fall from $1,959.01 is so deep that it is classified as a continuation of the preceding downtrend from the Aug. 7, 2020 high of $2,072.50.

Published 13 Jan, 2021 09:46am

Pakistan

Opposition only interested to protect personal stakes: Buzdar

Buzdar said flour price has been stabilized due to the timely decisions.

Published 12 Jan, 2021 07:10pm

Markets

Russia to consider changing wheat export tax this week

Russia is considering raising the tax from the planned 25 euros ($30) per tonne currently planned between Feb. 15 and June 30.

Published 12 Jan, 2021 05:02pm

Markets

EU 2020/21 soft wheat exports 13.61mn tonnes by Jan 10

That compared with 16.04 million tonnes cleared by the same week last season.
EU 2020/21 barley exports had reached 3.80 million tonnes, against a year-earlier 4.16 million.

Published 12 Jan, 2021 04:47pm

Markets

CBOT soybeans may retest support at $13.53-1/2

On the daily chart, a hanging man formed on Monday around a resistance at $13.85, the 600% projection level of an uptrend from $8.75.

Published 12 Jan, 2021 01:03pm

Markets

Russia considers increasing wheat export tax

The possible tax hike was first reported by Interfax news agency, which cited its sources earlier on Monday.

Published 11 Jan, 2021 11:43pm

Markets

Bangladesh issues tender to buy 50,000 T of rice

Bangladesh's rice imports are likely to surge to two million tonnes in the 2020/21 financial year as local prices jumped to a record high on limited supplies, a senior government official told Reuters last week.

Published 11 Jan, 2021 11:28am

Markets

Euronext wheat eases after two-year high

PARIS: Euronext wheat eased on Wednesday, consolidating after a fresh two-year high, as US futures turned lower and...

Updated 08 Jan, 2021 03:15am

Markets

Argentine wheat crop seen at 17mn T vs previous 16.8mn estimate

Wheat is planted on Argentina's Pampas grains belt in June and July with harvesting in December and January.

Updated 08 Jan, 2021 12:01am

Markets

Prices ease after Argentina-fuelled rally as US data awaited

Corn, soybeans fall after latest 6-1/2 year highs on Wednesday.
Wheat eases further from 6-year top, firm dollar weighs.

Published 07 Jan, 2021 06:24pm

Markets

European wheat at 2-year high

HAMBURG: European wheat futures in Paris rose to a new two-year high on Tuesday, supported by concerns over risks to...

Published 07 Jan, 2021 03:15am

Markets

Palm oil may test resistance at 3,856 ringgit

A correction from the current level may be limited to 3,757 ringgit.

Published 06 Jan, 2021 02:29pm

Markets

Spot gold may retreat to $1,930

A break above $1,946 may lead to a gain into $1,956-$1,972 range.

Published 06 Jan, 2021 01:28pm

Markets

CBOT soybeans may rise into $13.86-1/2 to $13.99 range

The contract is riding on a powerful wave 3, which observes closely a set of projection levels, based on the rise from $12.46-1/4 to $12.99-1/2.

Published 06 Jan, 2021 12:37pm

Markets

CBOT corn may rise into $5.04-1/2 to $5.08-1/2 range

The nearest resistance is at $5.04-1/2, the 800% level, which looks vulnerable and may be broken soon. Support is at $4.98, a break below which could cause a fall to $4.94.

Published 06 Jan, 2021 12:29pm

Markets

Paris wheat at 2-year high on supply worry, high Black Sea prices

Front-month March milling wheat on the Paris-based Euronext unofficially closed up 3.00 euros, or 1.4%, at 217.25 euros ($267.24) a tonne.

Published 06 Jan, 2021 12:56am

Markets

Soy rally extends into 2021 on South America supply fears; corn ends mixed

Grain markets have been sensitive to any risks over South American supply as strong Chinese import demand has already absorbed much available soy and corn on the world market.

Published 05 Jan, 2021 11:25am

Markets

Brent oil may bounce into $51.77-$52.29 range

This wave could either complete around $54.62 or extend a lot to $66.29. A drop below $49.20 could confirm its completion.

Published 05 Jan, 2021 10:16am

Markets

Palm oil still targets 3,757 ringgit

The resistance at 3,712 ringgit triggered a moderate correction, which may be limited to a support at 3,631 ringgit.

Published 05 Jan, 2021 09:52am

Markets

Soy up 30-35 cents, corn up 7-9 cents, wheat up 2-3 cents

Strength in corn supportive to wheat futures but profit-taking noted as most-active contract hit fresh six-year peak during the overnight trading session.
Corn futures expected to rally for the 15th day in a row as most-active contract hit highest in 6-1/2 years overnight

Published 04 Jan, 2021 08:55pm

Markets

LME copper may test resistance at $8,021 this week

Support is at $7,729, a break below which could cause a fall into the range of $7,434-$7,618.

Published 04 Jan, 2021 01:30pm

Markets

Soybeans, corn start 2021 on strong note; prices at 6-1/2 year top

The move triggered more buying in a futures market already on edge due to crop-threatening South American weather amid robust demand and tightening global corn and soybean supplies.

Published 04 Jan, 2021 09:54am

Markets

London copper jumps 1.5% as China's factory sector expands

LME nickel jumped 3.2% to $17,150 a tonne, while zinc advanced 1% to $2,778.50 a tonne.

Published 04 Jan, 2021 09:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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