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Turkey buys 165,000 tonnes wheat, 65,000 tonnes barley HAMBURG: Turkish state grain agency TMO has purchased 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley in an international tender, European traders said on Friday.The import tender, which closed on Thursday, sought those same amounts of wheat and barley, both in two shipment periods, the first between Aug. 25-Sept. 20 and the second between Sept. 25-Oct. 20. Copyright Reuters, 2014

Corn set for 5th weekly loss on supply pressure PARIS/SINGAPORE: Chicago corn futures edged lower on Friday to stay on course for a fifth consecutive weekly loss as expectations of record yields in this autumn's US harvest maintained a bearish mood in the market.Soybeans eased after rallying in the previous session on bigger-than-expected weekly exports and concerns about dry weather in parts of the US Midwest, while wheat was little changed, holding near contract lows in Chicago as harvest progress in the northern hemisphere ...

NY cocoa to retest resistance at $3,227 SINGAPORE: New York September cocoa may retest a resistance at $3,227 per tonne, as it seems to have a found a support around $3,186. The support and the resistance are respectively at the 123.6 percent and the 161.8 percent Fibonacci projection levels of an upward wave c that developed from the July 16 low of $3,051. The drop from the July 24 high of $3,234 has been classified as a correction against the preceding uptrend. ...

Vietnam's July coffee exports dip 6.3 to 85,000 tonnes HANOI: Vietnam, the world's largest robusta producer, exported an estimated 85,000 tonnes (1.42 million bags) of coffee in July, 6.3 percent lower than a year ago, the government said on Friday, below market expectations. June coffee exports were revised down to 108,100 tonnes, from 110,000 tonnes in an earlier estimate, the General Statistics Office said in its monthly report. The estimated volume this month brought the country's shipment in the October 2013-July 2014 period to ...

Vietnam's Jan-July rice exports seen down at 3.86mn tonnes HANOI: Vietnam's rice exports in the first seven months of 2014 could fall 8.0 percent from a year ago to an estimated 3.86 million tonnes, the government said on Friday. Revenue from rice exports in the January-July period will fall 4.7 percent from a year ago to $1.75 billion, the Agriculture Ministry said in its monthly report. Vietnam, the world's second-largest rice exporter after India, has projected sales abroad this year to drop to 6.2 ...

Liffe cocoa, coffee prices need to rise to rebuild exchange stocks LONDON: A disconnect between the futures and cash prices for London coffee and cocoa, partly due to intervention by the exchange to keep markets orderly, has led to a depletion in Liffe stocks, which will only be rebuilt to healthy levels if futures rise. Even with cocoa and coffee September contracts already trading at premiums and cocoa futures trading at around a three-year high, traders said prices are yet to reflect the strength of those ...

Taiwan passes in tender to buy 80,900 tonnes US wheat HAMBURG: The Taiwan Flour Millers' Association made no purchase in a tender for 80,900 tonnes of milling wheat to be sourced from the United States which closed on Friday, European traders said. Prices were regarded as too high, traders said. The tender had sought wheat in two consignments for shipment between Sept. 8-22 and Sept. 25 to Oct. 9. "Some wheat importers are delaying purchases in the hope that prices will fall further with good ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
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WeeklyJuly 10, 2014
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