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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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