Trends - Wheat futures - Business Recorder

Wheat futures

EU wheat edges lower in subdued trade, awaits USDA report

Benchmark December milling wheat on Paris-based Euronext was down 0.25%.
Traders were taking a relaxed view of heavy rain and storms in parts of south Germany in recent days.

Updated 30 Jun, 2021 05:19pm

Markets

Tunisia gets offers in 50,000 tonne soft wheat tender

Other offers were all said to be over $300 a tonne including $304.88 and $304.98 a tonne c&f.

Published 10 Jun, 2021 04:50pm

Markets

Russia's wheat exports seen down in new season, says Sovecon

Russia competes with the European Union (EU) for the rank of the world's largest wheat exporter. Egypt, Turkey and Bangladesh are the largest buyers of its wheat.
Russian exports will decline because of a smaller wheat crop, which Sovecon expects to reach 80.9 million tonnes, down from 85.9 million tonnes in 2020, it said in a note.

Published 01 Jun, 2021 06:49pm

Markets

EU wheat exports slacken as importers juggle with Russian supply

Brisk sales of EU wheat earlier in the July-June season, including large volumes of French wheat for China and German wheat for Algeria, had fuelled talk of tight stocks after a smaller harvest last summer.
Russia's decision to tax wheat exports from mid-February, to help cool local prices, was then expected to bring further demand for EU wheat, but prospects have instead dimmed.

Published 09 Apr, 2021 09:04pm

Markets

Paris wheat hits five-week low on slack import demand

Front-month May milling wheat on the Paris-based Euronext exchange was down 1.25 euros, or 0.6%, at 218.50 euros ($260.32) a tonne.
It earlier touched its lowest since Feb. 12 at 218.25 euros, just below a previous five-week low touched on Friday.

Published 22 Mar, 2021 08:59pm

Markets

Soybeans down 2-3 cents; corn, wheat mixed

Wheat futures choppy following weekend storms that brought beneficial moisture to dry areas of the US Plains winter wheat belt.
Russian wheat export prices fell for a second consecutive week last week after the Russian origin lost a major tender in Egypt and CBOT wheat prices fell, analysts said.

Updated 15 Mar, 2021 09:26pm

Markets

CBOT soybeans end mixed as soyoil futures soar, soymeal tumbles

CHICAGO: Chicago Board of Trade soybean futures closed narrowly mixed on Friday, caught between surging soyoil...

Published 14 Mar, 2021 04:13am

Markets

South Korea's MFG buys about 130,000 tonnes of feed wheat

The feed wheat was purchased in two 65,000 tonne consignments at an estimated $282.86 a tonne c&f for arrival in South Korea around Aug. 24 and at $275.14 a tonne c&f for arrival in South Korea around Sept. 24.
If the August arrival consignment is sourced from the US Pacific Northwest coast, Australia or Canada, shipment is sought between July 21 and Aug. 9.

Published 05 Mar, 2021 06:42pm

Markets

Philippines believed to have passed in feed wheat, barley tender

Prices were regarded as too high. Feed wheat offers were believed to be over $300 a tonne c&f after markets rose in past days after Russia announced plans for higher than expected wheat export taxes.

Published 19 Jan, 2021 06:32pm

Markets

Russian wheat export prices jump ahead of tax launch

Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.

Published 18 Jan, 2021 04:46pm

Markets

US corn, wheat and soybeans rally with exports in focus

"We are at the crucial time," said Mark Schultz, chief market analyst at Northstar Commodity. "They better start getting the moisture."
Chicago Board of Trade January soybean futures settled up 17-1/2 cents at $12.01-1/4 a bushel. CBOT March corn futures gained 5-1/4 cents to $4.32-1/2.

Published 18 Dec, 2020 03:27am

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

CBOT wheat sags as large Canadian crop figure eases supply worries

CBOT March soft red winter wheat settled down 4 cents at $5.84-1/2 a bushel but stayed inside of Wednesday's trading range.
Statistics Canada projected total 2020/2021 Canadian wheat production at 35.2 million tonnes.

Published 04 Dec, 2020 02:02am

Markets

CBOT wheat hits 2-month low on export competition, bit Australian crop

CBOT March soft red winter wheat settled down 7-3/4 cents at $5.77-1/4 a bushel after dipping to $5.74, its lowest since Oct. 2.

Published 02 Dec, 2020 02:25am

Markets

Wheat up 5-6 cents, corn up 1-2, soy mixed

Wheat heads higher on technical buying and poor weather in Russia, Argentina and other wheat-producing countries that could tighten global exportable supplies.
Corn seen firm on technical buying and expectations of export demand from China. Fresh export sales may lend support.

Published 23 Oct, 2020 07:29pm

Markets

CBOT wheat falls despite concerns over dry conditions

The most-active CBOT December soft red winter wheat contract ended 1/2 a cent up at $5.94-1/4 a bushel.
A Ukrainian grain traders union lowered its forecast for the country's 2020 wheat harvest because of poor weather.

Published 13 Oct, 2020 01:29am

Markets

CBOT wheat falls after hitting highest since 2015; corn, soy ease

Soybeans and corn also eased from recent peaks but losses were kept in check by strong export demand.
Chicago Board of Trade November soybean futures settled down 1 cent at $10.50 a bushel. Prices peaked at $10.69

Published 09 Oct, 2020 01:40am

Markets

Wheat, soy futures hit multi-year highs as dryness threatens plantings

Dry weather in US, Russia, Argentina supports wheat prices.
Soybeans, corn rise as Brazil also dry for planting.
China buys 132,000 tonnes of US soybeans, says USDA.

Published 08 Oct, 2020 01:49am

Markets

Dry weather pushes CBOT wheat, soybeans to multi-year peaks

Corn futures hit their highest level in 8-1/2 months, joining in the rally as the US harvest pace fell below expectations despite ideal weather for field work.
The dry conditions in South America could boost already-robust demand for US supplies as farmers in Brazil struggle to plant in the parched soils.

Published 07 Oct, 2020 01:49am

Markets

CBOT wheat ends higher on technical buying, dryness in Russia

CBOT December soft red winter wheat settled up 3 cents at $5.73-1/2 per bushel.
Russia could provide details in the middle of this month on a possible grain export quota for the first half of next year.

Published 03 Oct, 2020 01:39am

Markets

CBOT wheat hits 8-month top on USDA wheat production, stocks data

The USDA's Sept. 1 stocks figures for corn and soybeans also fell below expectations, lifting CBOT corn and soybean futures. *The USDA lowered its estimate of US 2020 total wheat production to 1.826 billion bushels, from 1.838 billion previously.

Published 01 Oct, 2020 01:37am

Markets

CBOT wheat ends up on bargain buying, dryness in Russia

CBOT December soft red winter wheat settled up 6 cents at $5.50-1/4 per bushel, rebounding after a slide to $5.37-3/4.
Russia badly needs rains to arrive within the next few weeks as its farmers continue to sow the 2021 winter wheat crop.

Published 29 Sep, 2020 01:41am

Markets

CBOT wheat drops as international supply shoulders out US exports

CBOT September soft red winter wheat settled down 5 cents at $5.29-1/2 per bushel.
K.C. September hard red winter wheat ended down 7-1/4 cents at $4.41-1/4 a bushel while MGEX September spring wheat fell 4-3/4 cents to end at $5.10 per bushel.

Published 24 Jul, 2020 12:13am

Markets

CBOT wheat ends higher as US currency weakens

CBOT September soft red winter wheat settled up 5-3/4 cents at $5.27-3/4 per bushel.
The USDA said 74% of US winter wheat has been harvested, up from 68% last week. Analysts had expected 79%.

Published 22 Jul, 2020 12:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
FTSE 100 / Jan 22	8,545.13
Dow Jones / Jan 22	44,156.73
Germany DAX 30 / Jan 22	21,254.27
France CAC40 / Jan 22	7,837.40
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 23 The Pakistan General Insurance Co. Ltd.(PKGI)	8.85 ▲ 0.96 (12.17%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Sindh Abadgar / Jan 23 Sindh Abadgar's Sugar Mills Limited(SASML)	45 ▲ 4.00 (9.76%)
Parmount Sp. / Jan 23 Paramount Spinning Mills Limited(PASM)	4.80 ▲ 0.41 (9.34%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.50 ▲ 6.31 (8.99%)
Shadman Cotton / Jan 23 Shadman Cotton Mills Limited(SHCM)	37.84 ▲ 3.10 (8.92%)
Suhail Jute / Jan 23 Suhail Jute Mills Limited(SUHJ)	111.80 ▲ 8.80 (8.54%)
Idrees Tex. / Jan 23 Idrees Textile Mills Limited(IDRT)	14.75 ▲ 1.13 (8.30%)
Fateh Sports / Jan 23 Fateh Sports Wear Limited(FSWL)	85 ▲ 6.43 (8.18%)

Stock	Price
TPL Life Insur. / Jan 23 TPL Life Insurance Limited(TPLL)	46.06 ▼ -4.94 (-9.69%)
Ashfaq Textile / Jan 23 Ashfaq Textile Mills Limited(ASHT)	14 ▼ -1.50 (-9.68%)
ZIL Limited / Jan 23 ZIL Limited(ZIL)	228 ▼ -23.95 (-9.51%)
Jubilee Spinning / Jan 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10 ▼ -1.04 (-9.42%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	11 ▼ -1.13 (-9.32%)
Sapphire Textile / Jan 23 Sapphire Textile Mills Limited(SAPT)	1,116.06 ▼ -108.70 (-8.88%)
Supernet Tech. / Jan 23 Supernet Technologies Limited(STL)	870.10 ▼ -77.29 (-8.16%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	146.01 ▼ -11.64 (-7.38%)
Mehmood Tex / Jan 23 Mehmood Textile Mills Limited(MEHT)	620 ▼ -49.00 (-7.32%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.01
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▲ 0.15
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.77
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▲ 0.04
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	22,116,795 ▲ 0.82
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	20,405,719 ▲ 3.80
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	18,649,899 ▲ 0.07
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.81
Power Cement / Jan 23 Power Cement Limited(POWER)	16,191,532 ▲ 0.24

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