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Wheat, corn, soy fall on month-end fund selling CHICAGO: US wheat, corn and soybean futures fell to multi-month lows Friday on commodity fund liquidation at the month's end amid ample world stocks and fears of slowing growth, traders said."We are building in record crops in South America, and we are washing out some spec length. Nobody can look at a chart objectively and say they look positive," said Jason Ward, an analyst with Northstar Commodity.At the Chicago Board of Trade as of 12:15 p.m. CST (1815 GMT), March wheat was down 9-1/2 cents at $4.98-1/4 per bushel. March corn was down 5 cents at $3.66-1/2 a bushel and March soybeans were down 11-1/4 cents at $9.57 a bushel.Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October. World wheat production is projected at a record high for 2014/15, and the US Agriculture Department this month raised ...


ICE raw sugar hits 2-1/2-week low; arabica coffee sees January loss NEW YORK/LONDON: ICE raw sugar fell to a 2-1/2 week low on Friday as expectations mounted that excess inventories will not erode as quickly as had been thought, while arabica coffee notched a daily gain but still had a fifth-straight monthly loss. Cocoa turned higher on chart-based buying from a one-year low.March raw sugar on ICE Futures US closed down 0.06 cent, or 0.4 percent, at 14.79 cents a lb after falling as low as ...

CBOT corn eases on month-end selling, sheds 6.6pc in January CHICAGO: Corn futures on the Chicago Board of Trade edged lower on Friday, declining for the fifth session in a row on pressure from month-end investment fund selling tied to ample global grain supplies, traders said.Light short covering late in the session pulled corn from its lows, with prices finishing only narrowly lower. Most-active CBOT March corn earlier fell to $3.65-3/4 per bushel, the lowest point since Oct. 27. The contract is technically oversold after ...

Periphery yields fall as deflation risk grabs attention away from Greece LONDON: Yields on the euro zone's lowest-rated bonds dropped on Friday with deflation risks taking centre stage again after some reassurances from the new Greek government that it is looking for common ground with EU partners on its bailout.Euro zone consumer prices are expected to have fallen by 0.5 percent year-on-year in January, compared with a 0.2 percent drop in December.The risk of a prolonged period of growth-crippling deflation pushed the European Central Bank to ...

Iron ore set for worst month since May as rout extends SHANGHAI/SINGAPORE: Spot iron ore prices were heading for their biggest monthly fall since May last year as a glut kept the steelmaking commodity at its weakest since 2009.Iron ore futures in China and Singapore extended recent losses on Friday with investors waiting for stronger signals that would point to a pick-up in Chinese steel demand."Some investors switched to long positions in the past two days as they expected investment in infrastructure projects could pick up ...

European vegoils: Palm oil falls on slow demand, weak soyoil LONDON: Palm oil prices were lower on Thursday, weighed by slow demand and weakness in the US soybean oil market. Brokers said a further drop in the crude oil market also contributed to the market's decline, potentially curbing demand for the biofuels sector. US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday after data showing additions to already record-high US oil inventories. RBD palm olein traded down ...

Wheat rallies from 3-month low on strong US exports CHICAGO: Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the US Agriculture Department reported larger-than-expected weekly export sales.Corn fell while soybeans were mixed in choppy trade.At the CBOT as of 12:15 p.m. CST (1815 GMT), March wheat was up 5 cents at $5.10-1/4 per bushel, holding above psychological support at $5. March corn was down 3-1/4 cents at $3.70 a bushel and March ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln