Wilmar

Wilmar up 2.6% on good volume as some attribute rise to buying interest ahead of 2Q10 results due Aug 13, while others hopeful agribusiness group will benefit from recent rally in wheat prices following Russia's ban on wheat exports. Wilmar has a huge trading arm delving in a wide range of commodities including wheat. Note wheat accounts for only small part of Wilmar's overall business. Good technical setup with initial resistance at July high of $6.46.