Trends - Wheat - Business Recorder

Wheat

Ukraine wheat prices firm on smaller harvest

Ukraine's economy ministry has said that drought during the sowing and wintering was likely to cut this year's wheat harvest to about 23 million tonnes from 28.3 million tonnes in 2019.

Published 15 Jun, 2020 05:12pm

Markets

CBOT wheat turns higher after setting three-week low

USDA hiked world wheat stocks to record high.
Corn gains after USDA cut ethanol demand less than expected.
Soybeans trim on weekend positioning.

Published 13 Jun, 2020 01:19am

Markets

French wheat crop stable for second week after punishing spring

France experienced its second-hottest spring on record this year after 2011, with rainfall in some regions half the average, according to public weather service Meteo France.

Published 12 Jun, 2020 04:19pm

Markets

Wheat at 3-week low as USDA outlook adds to supply pressure

Soybeans edged higher as a run of exports to China supported prices and offset the USDA's reduced estimate of US soy exports this season.

Published 12 Jun, 2020 03:35pm

Markets

Tunisia buys soft wheat and feed barley in tender

The tender had sought up to 134,000 tonnes of soft milling wheat and 100,000 tonnes of feed barley.

Published 11 Jun, 2020 06:58pm

ECC approves billions of supplementary grants, takes stock of wheat, urea situation

The committee also approved Rs 5.471 million for Ministry of Law & Justice to pay the annual membership fee of different organizations.
Rs 250 million have been approved for NAB to meet its liabilities towards government of Punjab.

Published 11 Jun, 2020 12:13am

Markets

Thailand group said to pass in feed wheat tender, buys barley

The group was instead believed to have bought an unknown volume of animal feed barley from Australia at about $200 a tonne c&f for nearby shipment and $193-$195 a tonne c&f for November shipment.

Published 10 Jun, 2020 05:49pm

Markets

EU 2019/20 soft wheat exports at 32.32 million tonnes, up 65pc

EU 2019/20 barley exports had reached 7.0 million tonnes, up 65pc from the year-earlier period, while EU 2019/20 maize imports stood at 18.70 million tonnes, down 17pc.

Published 08 Jun, 2020 07:55pm

Markets

CBOT wheat may test support at $5.07

The break opened the way towards the range of $5.02-$5.07. A break above $5.11-1/4, now a resistance, may lead to a gain to $5.15-1/2.

Published 08 Jun, 2020 06:37pm

Markets

Russian wheat prices rise, smaller crop expected in one region

Russia exported 35.4 million tonnes of grain between July 1 last year and June 4, down 14pc from the year-earlier period, SovEcon said. Of this, wheat exports accounted for 30.3 million tonnes.

Published 08 Jun, 2020 04:35pm

Markets

French soft wheat crop rating stable at nine-year low

That was down from 80pc a year earlier and the lowest score for the time of year since 2011, when France experienced a severe spring drought.
FranceAgriMer's good/excellent score for winter barley was stable at 52pc, while the spring barley rating f

Published 05 Jun, 2020 03:27pm

Markets

CBOT wheat ends higher on weaker dollar, US Plains dryness

The dollar index has declined for the past two weeks as risk sentiment improves.
Firming cash prices for milling wheat from the Black Sea region helped support CBOT wheat.
K.C. July hard red winter wheat ended up 14-1/2 cents at $4.72-1/4 a bushel a

Published 05 Jun, 2020 02:26am

Markets

EU wheat rallies with Chicago as harvest risks weighed

September milling wheat on Paris-based Euronext settled 2.75 euros, or 1.5%.
US wheat futures rose sharply as a weaker dollar provided further support.
Rising Russian export prices, fuelled by harvest concerns and firm domestic prices, were also con

Published 05 Jun, 2020 12:01am

Markets

Jordan issues new tender to buy 120,000 tonnes wheat

Shipment is sought in a series of possible combinations in 60,000 tonne consignments between Nov. 1 and Dec. 31.

Published 04 Jun, 2020 08:50pm

Markets

CBOT wheat may test resistance zone of $5.19-3/4 to $5.20-3/4

The contract seems to be consolidating within a wedge, which consists of five small waves and is regarded as a bearish continuation pattern.
Support is at $5.12-3/4, the 38.2pc projection level of an uptrend from $5.01-1/2, a break below which could

Published 04 Jun, 2020 06:11pm

Markets

Philippines importers tender for 55,000 tonnes feed wheat-trade

The wheat was sought for September shipment to two ports.

Published 04 Jun, 2020 04:31pm

Markets

Jordan buys 60,000 tonnes wheat in tender

It was all bought from trading house Grain Export at $233.50 a tonne C&F for shipment in the second half of October.

Published 03 Jun, 2020 07:56pm

Markets

Ukraine wheat prices rise as 2020/21 harvest expected to fall

Ukraine's economy ministry has said that drought during the sowing and wintering was likely to cut this year's wheat harvest to around 23 million tonnes from 28.3 million tonnes in 2019.
The ministry has also said it expects that wheat exports could

Published 03 Jun, 2020 06:46pm

Markets

Japan receives no offers for regular feed wheat, barley tender

The ministry had sought 80,000 tonnes of feed wheat and 100,000 tonnes of feed barley to be loaded by September 30 and arrive in Japan by November 26 in the tender that is usually conducted weekly.
It is seeking the same amounts for each grain to be

Published 03 Jun, 2020 04:35pm

Markets

EU 2019/20 soft wheat exports up 63pc at 31.33mn T

EU 2019/20 barley exports had reached 6.78 million tonnes, up 63pc year on year, while EU 2019/20 maize imports stood at 18.54 million tonnes, down 16pc.

Published 02 Jun, 2020 07:59pm

Markets

Jordan tenders to buy 120,000 tonnes wheat

A new tender had been expected after Jordan made no purchase in its previous wheat tender on May 28.

Published 02 Jun, 2020 06:18pm

Markets

CBOT wheat may retest support at $5.12-3/4

The support is provided by the 38.2pc projection level of an upward wave c from $5.01-1/4. This wave failed to break a resistance at $5.19-3/4.
Strengthening the resistance is another one at $5.20-3/4, the 38.2pc retracement on the downtrend from $5

Published 02 Jun, 2020 05:16pm

Markets

Wheat slips back after run-up, corn and soy also down

Corn and soybean futures were also marginally down as trade tensions between the US and China escalated.
CBOT corn fell 0.1pc to $3.25-1/2 a bushel while CBOT soybeans were down 0.1pc at $8.40 a bushel.

Published 01 Jun, 2020 07:04pm

Markets

CBOT wheat may retreat to $5.12-3/4 before rising

On the daily chart, a projection analysis on a downtrend from $5.61-1/2 reveals a similar resistance at $5.21-1/4, the 86.4pc level.

Published 01 Jun, 2020 05:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 20	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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