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CBOT soybeans to drop to $9.53 SINGAPORE: A bearish target at $9.53 per bushel has been established for CBOT soybeans November contract , based on a small head-and-shoulders on the hourly chart.The pattern formed between Sept. 11 and Sept. 18, with a neckline around $9.77. It is apparent that the neckline has been broken, thus, the pattern has been confirmed.Based on the priced difference between the head and the neckline, soybeans seem to be falling towards $9.53.Resistance is at $9.69-1/2, the Sept. 11 low, a break above which will lead to a further gain to $9.74-1/4, the Sept. 15 low.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014


CBOT corn to drop to $3.33-3/4 SINGAPORE: CBOT December corn may drop to $3.33-3/4 per bushel, based on its wave pattern and a Fibonacci projection analysis.Corn is riding on a wave iii, the third wave of a five-wave cycle that developed from the Sept. 16 high of $3.50-1/2. This wave is advancing towards its 161.8 percent projection level at $3.26-1/2. A more realistic target, however, could be $3.33-3/4, the 100 percent level.A trendline parallel to the lower trendline of a small ...

Gold ticks up slightly, but holds near 8-1/2 month low SINGAPORE: Gold edged up slightly on Friday but concerns remained over a rate hike in the United States and a strengthening economy, keeping the metal firmly near its lowest in 8-1/2 months.Gold came under selling pressure after the Federal Reserve indicated on Wednesday it could raise borrowing costs faster than expected when it starts moving, though it renewed its pledge to keep interest rates near zero for a "considerable time."Any increase in rates would dim ...

US wheat hits 4-year low as exports plunge SYDNEY: Chicago wheat futures fell to a more than four-year low on Friday, while the December contract was headed for a third straight weekly loss, after data from the US Department of Agriculture showed weekly exports sank more than 50 percent.Soybeans also plunged to their weakest since July 2010 as favorable weather continued to drag, putting prices of the oilseed on track for a sharp 11 percent weekly drop, while corn came down as harvest ...

Raw sugar rebounds from more than four-year low LONDON: ICE raw sugar extended its bounce off a more than four-year low on Thursday, with low prices expected to have stimulated some demand.Arabica coffee slipped after rain was forecast in top grower Brazil, while ICE cocoa added to recent gains.Concerns over the quality of Thai sugar expected to be delivered against the October raw sugar contract have weighed on futures prices in recent weeks, but dealers said the market may have reached levels low ...

Copper, base metals slip as Fed rates outlook boosts dollar LONDON: Copper and other base metals slipped on Thursday, pressured by a sharp rise in the dollar after the U.S. Federal Reserve signalled interest rates could rise faster than expected.Three-month copper on the London Metal Exchange (LME) slid 1.1 percent to $6,851.25 a tonne by 1437 GMT, reversing small gains in the previous session.The U.S. central bank on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also indicated ...

Gold sinks to 8-1/2 month low after Fed raises rate projections LONDON: Gold touched its lowest level in 8-1/2 months on Thursday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than expected when it starts moving.The Fed on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but its new rate projections suggested officials were positioning themselves for a potentially faster pace of rate hikes than they had envisioned when ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
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MonthlyAugust
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WeeklySeptember 18, 2014
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