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CBOT wheat to fall to $3.66-1/2 in 3 months SINGAPORE: CBOT wheat is expected to fall to $3.66-1/2 per bushel over the next three months, as it has broken a support at $4.78-1/2.The support was provided by the 76.4 percent Fibonacci retracement on the rise from the August 1977 low of $2.14-1/4 to the February 2008 high of $13.34-1/2.Wheat pierced briefly below the support twice, in September 2009 and June 2010, but managed to rise above this level and start a long-term rebound that lasted about two years.With the rebound having almost been reversed and the support pierced again, it is certain that wheat is heading towards the next key support at $3.66-1/2, the 86.4 percent retracement.The support at the June 2010 low of $4.25-1/2 looks weak, in reference to the current strong bearish momentum.A closer look at the downtrend from the July 2012 high of $9.47-1/4 reveals that the trend may even extend to a lower level below ...

Gold well supported as Asian equities slide on HK protests SINGAPORE: Gold recovered from early losses on Monday after Hong Kong pro-democracy supporters clashed with police, keeping Asian stocks on edge and boosting bullion's appeal as a safe haven, though the strength in the dollar kept the metal's gains in check.Riot police advanced on Hong Kong democracy protesters, firing volleys of tear gas after launching a baton-charge in the worst unrest there since China took back control of the former British colony two decades ago.Gold, ...

Thai government sells 70,000 T of rice from stocks in 2nd tender: official BANGKOK: The Thai government has sold another 70,000 tonnes of rice from the 140,000 tonnes it planned to sell in its second tender in September, a senior commerce ministry official said on Monday.After the army took power in May and inspected rice stocks nationwide, state warehouses were estimated to hold around 18 million tonnes of rice, about a fifth of which was unlikely to be sold as it was believed to be missing and rotten.The ...

Corn hits five-year low due to record harvest, stronger dollar SINGAPORE: Chicago corn was little changed on Monday around a five-year low while soybeans dropped to their lowest since early 2010 as ideal weather across key U.S. growing regions allowed farmers to rapidly harvest record crops.Wheat slid on plentiful world supplies, with additional pressure coming from a stronger U.S. dollar.Chicago Board of Trade front-month corn was flat at $3.23 a bushel at 0240 GMT after dropping to $3.22 a bushel, its weakest since 2009.Spot soybeans ...

Copper slips to lowest in 3 months as dollar weighs SYDNEY: London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.But the improving data pushed up the dollar, pressuring commodities denominated in the greenback ...

Chinese steel, iron ore futures hit record low ahead of holiday SINGAPORE: Steel and iron ore futures in China fell to their lowest ever on Monday, extending steep losses this month caused by abundant supply and slow demand ahead of the week-long National Day holiday that kicks off on Wednesday.Industrial profits in China dropped 0.6 percent in August from a year before, reversing from a 13.5 percent rise in July, the latest sign of weakness in the world's No. 2 economy.More Chinese data is due this ...

Gold falls on strong dollar, heads for 4th week of losses LONDON: Gold dropped on Friday, heading for its fourth weekly loss in a row, as investors remained wary that a strong dollar and rebounding shares could drive prices through an important support level at $1,200 an ounce. Spot gold was down 0.7 percent at $1,214.95 an ounce by 1431 GMT, while US gold futures lost $7.40 to $1,214.50 an ounce. The metal fell to a nine-month low of $1,206.85 on Thursday, before rebounding due to ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln