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CBOT corn edges higher on China approval, wheat surge CHICAGO: Chicago Board of Trade corn futures were narrowly higher on Wednesday, supported by surging wheat prices and reports that China approved for import several genetically modified corn varieties, traders said.Record US ethanol production also supported corn futures but plentiful supplies in the wake of a record US harvest and expectations for only limited corn sales to China capped gains.Most-active CBOT March corn climbed about 0.5 percent while CBOT March wheat jumped 4 percent on jitters that major grain exporter Russia could curb exports amid a currency crisis.A top Chinese government official said the country has approved imports of genetically modified Agrisure Viptera corn and two varieties of biotech soybeans, US Agriculture Secretary Tom Vilsack said on Wednesday.The US Energy Information Administration pegged the ethanol grind in the week ending Dec. 12 at an average of 990,000 barrels per day, the second week in a row of record production. Stocks ...

Gold choppy after Fed signals on track for 2015 rate hikes NEW YORK/LONDON: Gold turned lower on Wednesday, after briefly climbing above $1,200 per ounce following the US Federal Reserve's signal that it remained on track to raise interest rates in 2015. The Fed offered a strong message that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. Spot gold was down 0.4 ...

Wheat hits 6-month high on Russia worries; soy, corn firm CHICAGO: Chicago Board of Trade wheat futures surged 4 percent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said.Strong US ethanol production bolstered corn, while soybeans firmed on technical buying.CBOT March wheat settled up 25-1/4 cents at $6.48-1/2 per bushel, after reaching $6.50-3/4, the highest spot price on a continuous price chart since May 23.March corn ended up 2-1/4 ...

Nicaragua coffee exports fall 6.4pc in November MANAGUA: Coffee exports from Nicaragua dipped 6.4 percent in November compared to the same month last year to total 31,668 60-kg bags, the national export center Cetrex said on Wednesday. Shipments during the first two months of the current 2014-15 harvesting season totaled 130,464 bags, a rise of 77.3 percent compared to the same two-month period during the previous 2013-14 season. The coffee season in Central America and Mexico, which together produce about a fifth ...

Spot gold may retest support at $1,185 SINGAPORE: Spot gold may retest a support at $1,185 per ounce, as it has not completed a correction from the Dec. 10 high of $1,238.20. The correction consists of three waves, with the third wave labelled c expected to travel to $1,174, its 100 percent Fibonacci projection level. The support at $1,185, the 76.4 percent level, has temporarily held the fall and may be tested again when the current moderate rebound ends around $1,198, the ...

Wheat eases, but stays near 6-month peak on Russian supply worries SYDNEY: US wheat futures fell on Thursday, edging down for the first time in six sessions, although losses were checked by persistent concerns over supply from key exporter Russia.Corn fell after firming more than 0.5 percent in the previous session, while soybeans also slipped.Chicago Board of Trade March wheat futures dipped 0.27 percent to $6.46-3/4 a bushel by 0230 GMT, after ending up 4 percent on Wednesday when prices hit a six-month top of $6.50-3/4 ...

Gold gains as Fed takes ‘patient’ stance on rate hike SINGAPORE: Gold climbed on Thursday after the US Federal Reserve said it would take a "patient" approach in deciding when to raise interest rates even as the US economy strengthens. Fed Chair Janet Yellen said the Fed was unlikely to hike rates for "at least a couple of meetings", meaning April of next year at the earliest. A hike in US interest rates dims the appeal of non-interest bearing assets such as gold and also ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln