Trends - Wheat - Business Recorder

Wheat

CBOT wheat slumps on dull demand

CHICAGO: Chicago Board of Trade wheat futures retreated on Tuesday, sinking for the third time in four sessions on...

Published 10 Dec, 2020 02:57am

Markets

Euronext wheat futures rise after two-month low

PARIS: Euronext wheat futures edged higher on Tuesday, with chart support helping prices to recover from the ...

Published 10 Dec, 2020 02:57am

TCP completes imports of 0.5 million MT of wheat

KARACHI: The Trading Corporation of Pakistan (TCP) has completed import of over 0.5 million metric tonnes of wheat ...

Published 10 Dec, 2020 02:57am

Markets

CBOT wheat jumps on short covering, technical buying ahead of USDA data

CBOT March soft red winter wheat gained 13-1/4 cents to end at $5.83-1/4 per bushel.
K.C. March hard red winter wheat rallied 14 cents to $5.51 a bushel and MGEX March spring wheat jumped 12-1/4 cents to settle at $5.55-1/2 a bushel.

Published 10 Dec, 2020 02:01am

Markets

Paris wheat tracks higher Chicago prices, exports keep cash premiums firm

A bounce in Chicago wheat, which struck a two-month low this week, and an easing in the euro against the dollar after a recent rally lent support to Paris futures.
wheat markets have been pressured by forecasts of bumper crops in Australia and Canada.

Published 10 Dec, 2020 12:44am

Markets

Corn, wheat steady-up 2 cents; soy up 9-11 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during the overnight trading session.

Published 09 Dec, 2020 08:26pm

Markets

Coceral sees EU + UK 2021 soft wheat crop rebounding to 143mn T

The estimate of 2020 soft wheat production had been revised down from Coceral's previous forecast of 129.2mn t in September.

Updated 09 Dec, 2020 08:11pm

Pakistan

Wheat sowing in Punjab increases 2pc

However, he said that wheat sowing in Sindh had witnessed about 1 percent decrease as compared to the cultivation of same period of last year.

Published 09 Dec, 2020 04:37pm

Pakistan

98pc wheat cultivation target achieved

He said that last year same wheat cultivation target was fixed which was achieved and average yield was 36.77 maunds per acre.

Published 09 Dec, 2020 04:27pm

Markets

CBOT wheat may retest support at $5.66-1/2

A short falling trendline and a long rising trendline meet at $5.45-1/4, which works as a target as well.

Updated 09 Dec, 2020 05:46pm

Markets

Jordan tenders to buy 120,000 tonnes feed barley

The tender deadline is Dec. 15. The barley can be sourced from optional origins.

Published 09 Dec, 2020 01:17pm

Markets

Soybeans rise from 6-day low, South America outlook caps gains

Still, the US Department of Agriculture (USDA) world supply and demand report, due on Thursday, is expected to show smaller South American crops.

Published 09 Dec, 2020 08:38am

Govt says prices of wheat flour, sugar have fallen

ISLAMABAD: The government said on Tuesday that it had been striving to get the economy back on track, and there were...

Published 09 Dec, 2020 02:52am

Markets

European wheat hits two-month low

HAMBURG: European wheat futures fell on Monday to touch a two-month low, pressured by improving global supply...

Published 09 Dec, 2020 02:52am

Markets

Russian wheat prices down on healthy supply

MOSCOW: Russian wheat export prices fell slightly last week amid healthy supply from domestic farmers, analysts said...

Published 09 Dec, 2020 02:52am

Markets

CBOT wheat rises on technical buying

CHICAGO: Chicago Board of Trade wheat futures rose on Monday in a short-covering and technical buying bounce from...

Published 09 Dec, 2020 02:52am

Markets

CBOT wheat slumps on dull demand, technical selling

CBOT March soft red winter wheat ended 7-1/2 cents lower at $5.70 per bushel.
K.C. March hard red winter wheat ended down 8-1/2 cents at $5.37 a bushel and MGEX March spring wheat fell 5-1/2 cents to settle at $5.43-1/4.

Published 09 Dec, 2020 02:10am

Markets

Corn, wheat steady-down 2 cents; soy down 8-10 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during overnight trading.

Published 08 Dec, 2020 07:32pm

Markets

South Korean mills buy about 78,000 tonnes wheat from U.S.

Some 50,000 tonnes was bought for shipment between March 1-31, 2021, and about 28,000 tonnes for shipment between April 1-30, 2021, they said.

Published 08 Dec, 2020 07:28pm

Markets

CBOT wheat may retest support at $5.66-1/2

The support is provided by the 138.2% projection level of a downtrend from $6.28-3/4.

Published 08 Dec, 2020 05:47pm

Markets

Japan seeks 131,305 tonnes food wheat via tender

Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month.

Updated 08 Dec, 2020 07:08pm

Markets

France sees wheat area rebounding by less than expected

However, that was 1.9pc below the average of the past five years and lower than market estimates projecting 5-5.2mn ha.

Published 08 Dec, 2020 03:51pm

Markets

Egypt aims to produce more than 10mn tonnes of local wheat this season

Egypt aims to plant 3.5 million feddans (3.63 million acres) of wheat in the season which started in mid-November, another agriculture ministry official said on Sunday.

Published 08 Dec, 2020 03:45pm

Markets

CBOT corn may edge up to $4.27

The current wave count will have to be reviewed. A break below the support at $4.20-1/4 could open the way towards $4.14-1/2.

Published 08 Dec, 2020 12:43pm

Markets

CBOT wheat may retest support at $5.66-1/2

The bounce from the Monday low of $5.65-1/2 is classified as a pullback towards the range. This pullback has been overdone a bit.

Published 08 Dec, 2020 12:27pm

Markets

US MIDDAY: Soyabeans, corn and wheat up

CHICAGO: US soyabean futures firmed on Monday in a rebound from sharp declines last week as continued strong US...

Published 08 Dec, 2020 02:57am

Markets

Euronext wheat futures down to 7-week low

PARIS: Euronext wheat futures fell for a sixth straight session on Friday to touch a seven-week low, as big...

Published 08 Dec, 2020 02:57am

Markets

CBOT wheat rises on short covering, technical buying

CBOT March soft red winter wheat settled 2 cents higher at $5.77-1/2 per bushel.
Forecasts for larger global supplies, including upgraded forecasts for Canadian and Australian crops, pressured wheat at times.

Published 08 Dec, 2020 01:58am

Markets

Paris wheat hits 2-month low but cuts losses as US markets rise

March milling wheat, the most active contract on the Paris-based Euronext exchange, was down 1.0 euro, or 0.5%, at 201.00 euros ($244.0) a tonne.
It earlier slid to 199.00 euros, its weakest level since Oct. 9, as it extended a recent slide into a seventh consecutive session.

Published 08 Dec, 2020 01:49am

Markets

Soybeans firm on strong exports, corn and wheat also rise

US soybean export inspections above expectations.
South American rains help crops, but dryness concerns remain.
Traders positioning ahead of USDA monthly report on Thursday.

Published 08 Dec, 2020 12:59am

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
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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