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Corn slips ahead of USDA data, but set for best quarter since 2010 SINGAPORE: US corn futures edged lower on Monday after reaching a three-week high the session before on strong demand for US cargoes, but remained on track to end the first quarter with their biggest three-month gain since late 2010. Soybeans were little changed, holding near recent highs amid analyst forecasts that US stocks of the oilseed would be the smallest in a decade when the US Department of Agriculture releases its quarterly grain inventory and spring plantings reports at 1600 GMT. Trading in grains and soybeans was subdued ahead of the hotly-anticipated USDA reports and there is unlikely to be any aggressive movement in prices before their release. "I think we've got a bit of squaring of positions ahead of the reports.The focus is what happens tonight and it will be after those reports are released that we'll see volatility," said Luke Mathews, commodities strategist at Commonwealth Bank of Australia.Chicago ...


Gold struggles below $1,300, hovers near six-week low SINGAPORE: Gold inched higher on Monday after two straight weekly losses but continued to trade near a six-week low and could face more pressure from weak physical demand in Asia and growing optimism about the US economy.Gold has lost nearly $100 an ounce in the last 10 trading sessions, moving further away from a six month high hit mid-March.The metal's safe-haven demand had been bolstered earlier in the year when fears over economic growth in ...

CBOT soybeans to revisit low of $12.55 in 3 months SINGAPORE: CBOT soybeans first-month is expected to revisit its Nov. 5, 2013 low of $12.55 per bushel in three months, as a rebound from this level has completed.The rebound was triggered by a support at $12.62-1/2, the 38.2 percent Fibonacci retracement on the rise from the 1999 low of $4.01-1/2 to the Sept. 4, 2012 high of $17.94-3/4.This support was strengthened by another one provided by the trendline ascending from the September 2006 low of ...

Malaysia's March palm oil exports fall 3.1pc KUALA LUMPUR: Exports of Malaysian palm oil products in March fell 3.1 percent to 1,205,010 tonnes from 1,244,101 tonnes shipped in February, cargo surveyor Intertek Testing Services (ITS) said on Monday. Copyright Reuters, 2014

Oil rises on bright data; gold dips on easing Ukraine fears LONDON: Crude oil prices rallied this week on upbeat data in top consumer the United States and concerns over supply disruptions in Libya and Nigeria, dealers said.Gold ran out of steam and fell from recent peaks as Ukraine tensions eased, while coffee and sugar futures rebounded on tight supply strains.Commodity market gains were also tempered as weak Chinese manufacturing data sparked demand concerns in the Asian powerhouse economy.OIL: New York crude began the week on ...

Tunisia buys 50,000 T wheat, 25,000 T barley PARIS: Tunisia's state grains agency bought 50,000 tonnes of soft milling wheat and 25,000 tonnes of barley on Friday, booking the volume it had sought in its latest international tender, European traders said. For the milling wheat, Tunisia purchased one cargo of 25,000 tonnes at $316.74 a tonne, cost and freight included, and another at $318.74 a tonne C&F. It bought the barley at $268.74 a tonne. Louis Dreyfus was the seller of all the ...

Gold hits 6-week lows, poised for second weekly loss LONDON: Gold fell briefly to fresh six-week lows under $1,300 an ounce on Friday, on track for a second straight weekly decline as an improving US economic outlook lifted the dollar and bolstered appetite for risk. Bullion has dropped about $100 an ounce from a six-month high in the last nine trading sessions on declining geopolitical tensions, strong US economic data and comments by Federal Reserve Chair Janet Yellen that interest rates could rise in ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln