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Corn, soy boosted by US exports; wheat follows CHICAGO/SYDNEY/PARIS: US corn and soybean futures rose on Thursday, supported by strong export demand for both commodities, traders said.Wheat futures also firmed, on track for their third straight day of gains, on spillover strength from the corn market.But gains were kept in check by forecasts for dry weather across the US Midwest that will allow for a pick-up in the harvest pace of both corn and soybeans and flood cash market dealers with much-needed supplies.Both corn and soybeans had drawn support earlier in the week after the US Department of Agriculture (USDA) confirmed that the progress of the harvest was behind previous years.Chicago Board of Trade November soybean futures rose 3-1/4 cents to $9.66 a bushel during the overnight trading session while CBOT December corn rose 3/4 cent to $3.53-3/4 a bushel. CBOT December wheat, was up 1 cent at $5.23-1/4 a bushel during overnight trading.USDA said on Thursday morning ...


Gold falls as stock markets firm and physical demand wanes LONDON: Gold fell on Thursday as stronger-than-expected economic data and upbeat corporate results lifted stocks in Europe and the United States, while the dollar index held near a one-week high and demand for physical metal eased. Outflows from gold-backed exchange-traded funds suggested investment appetite for bullion was softening, analysts said. The arrival of the Diwali festival in India was expected to mark the end of a period of upbeat demand there. Spot gold was down ...

Copper gains on Chinese manufacturing data LONDON: Copper rose on Thursday on data showing a slight pickup in the growth in top consumer China's manufacturing sector. Three-month copper on the London Metal Exchange (LME) was at $6,684 a tonne at 1000 GMT, up 0.8 percent from the previous day's close when it fell 0.6 percent. China's factory sector grew a shade faster in October as firms saw more foreign and domestic orders, a private survey showed on Thursday, though the modest ...

Palm up most in four weeks on weaker ringgit, strong soyoil JAKARTA: Malaysian palm oil made its biggest gains in four weeks on Thursday, buoyed by a weakening ringgit, strong soy oil markets, and more trades to clear positions ahead of the end-of-month rollover."The market is up today on the back of soybean oil," said a trader with a foreign commodities brokerage in Kuala Lumpur, adding that the weakening of the Malaysian ringgit against the US dollar also provided support.The ringgit retreated 0.32 percent to 3.2715 ...

NY cocoa to test support at $3,064 SINGAPORE: New York December cocoa is expected to test support at $3,064 per tonne, a break below which will lead to a further loss towards $3,022.Support is provided by the 23.6 percent Fibonacci projection level of an upward wave c that developed from the Oct. 14 low of $3,022. This support continued to work even after the completion of this wave.A consolidation has been triggered and shaped into a bearish triangle, which may turn out ...

London copper climbs after China factory data SYDNEY: London copper rose on Thursday after a slight pickup in growth in China's vast manufacturing sector, but simmering uncertainties over the global economy kept a lid on prices.China's factory sector grew a shade faster in October as firms saw more foreign and domestic orders, a private survey showed on Thursday, though the modest expansion likely won't dispel concerns about the cooling Chinese economy."It would be a false hope for people to be expecting China ...

Price of top grade Kenyan coffee falls at latest sale NAIROBI: The maximum price of Kenya's top grade AA coffee fell to $329 per 50 kg bag at this week's auction on Tuesday from $371 at last week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer by global standards, but its quality beans are used by roasters to blend with beans from other regions.Grade AA coffee sold at $195-$329 per bag, compared with $180-$376 at last week's auction, the ...


 



 
IndexClosingChg%
ArrowDJIA 16,461.32 0.92
ArrowNasdaq 4,382.85 0.83
ArrowS&P 1,927.11 0.73
ArrowFTSE 6,399.73 0.43
ArrowDAX 8,940.14 0.60
ArrowCAC-40 4,105.09 0.58
ArrowNikkei 15,195.77 2.64
ArrowH.Seng 23,403.97 1.37
ArrowSensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln