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Wheat, corn at 3-month lows on hefty global supplies PARIS/SINGAPORE: Chicago wheat fell for a seventh straight session on Thursday to its weakest since October while corn also slipped to a three-month low as tepid demand and favourable crop prospects underscored ample global grain supplies.Losses were limited, by a technical floor at $5 for wheat and a steadying in crude oil after a six-year low, which lent support to corn, which is widely used in ethanol fuel.Soybeans eased for a third day to stay close to a three-month low on expectations for record South American crops and a plunge in soybean oil prices."Fundamentals remain heavy globally, all the more as weather conditions are quite good in the northern hemisphere so far," French consultancy Agritel said in a note.Forecasts for rains in the U.S. Plains that should benefit developing wheat plants have added further price pressure on a well-supplied market and prompted investment funds to shed bets taken last month ...


Sugar, arabica fall, cocoa hits one-year low LONDON: Raw sugar on ICE fell on Thursday, pressured by talk that India could soon launch raw sugar export incentives, while New York cocoa futures hit a one-year low, extending their slide due to abundant supplies and falling demand.Arabica coffee futures slid almost 4 percent on forecasts for substantial rain in Brazilian growing areas.March raw sugar was down 0.2 cent or 1.3 percent at 14.96 cents a lb at 1452 GMT, dealing from 14.90 cents ...

Iron ore prices at new 5-1/2 year low as rout takes hold SHANGHAI/LONDON: Spot iron ore prices hit a new 5-1/2 year low on Thursday as more signs emerged of slowing Chinese economic growth, although iron ore and steel futures in China edged higher on interest from bargain hunters.A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low of $68 a tonne, a Reuters poll showed.China plans ...

CBOT wheat to fall more to $4.80 SINGAPORE: CBOT March wheat is expected to fall further to $4.80 per bushel, as it has broken a support at $5.06-3/4.The support was provided by the 86.4 percent Fibonacci retracement on the uptrend from the Sept. 25, 2014 low of $4.80 to the Dec. 18, 2014 high $6.77. It is the last barrier towards $4.80. The lower channel line of a falling channel points a similar target.A rise above $5.06-3/4 could signal the break below ...

Saudi Arabia says seeks 660,000 tonnes of wheat in tender ABU DHABI: Saudi Arabia's state grain buyer, the Grain Silos and Flour Mills Organization (GSFMO), said on Thursday it was seeking 660,000 tonnes of hard wheat in a tender.The wheat, with 12.5 percent protein content, is for shipment during April and May, GSFMO said in a statement.The wheat will be purchased in shipments of 55,000 tonnes with a total 330,000 tonnes to be imported via the port of Jeddah and 330,000 tonnes via Dammam, the ...

TOCOM pulls back from 2-week high on weaker oil prices TOKYO: Benchmark Tokyo rubber futures dropped on Thursday, pulling back from a two-week high hit the previous day, due to weaker oil prices and a higher yen as well as nagging worries about global oversupply.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have been hovering between 190 and 220 yen so far this year amid concerns about a glut of supply and weak demand in top consumer ...

NY cocoa to drop more to $2,664 SINGAPORE: New York March cocoa is expected to drop to $2,664 per tonne, as it has broken a support at $2,732.The support was provided by the 50 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle that developed from the Sept. 25, 2014 high of $3,349.The next support will be at $2,664, the 61.8 percent level, a break below which will open the way towards $2,581, the 76.4 ...


 



 
IndexClosingChg%
ArrowDJIA 17,409.00 1.31
ArrowNasdaq 4,683.41 0.98
ArrowS&P 2,017.30 0.95
ArrowFTSE 6,810.60 0.22
ArrowDAX 10,737.87 0.25
ArrowCAC-40 4,631.43 0.44
ArrowNikkei 17,606.22 1.06
ArrowH.Seng 24,595.85 1.07
ArrowSensex 29,681.77 0.41






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