All
 

 

Just in:  

You are here: Home»Markets»Commodities

Markets - Commodities

Archive

CBOT soybeans to rebound to $13.94-1/2 SINGAPORE: CBOT May soybeans are expected to rebound to $13.94-1/2 per bushel, a break above which will lead to a further gain to $14.07.The rebound followed the completion of a wave C which fell from the March 28 high of $14.59-3/4. A Fibonacci retracement analysis reveals this wave has travelled above a resistance at $13.79-1/4, the 23.6 percent level, and the next resistance will be at $13.94-1/2, the 38.2 percent level.A drop from the current level may be limited to $13.79-1/4.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, 2013


Wheat eases as US crop rating improves; corn, soy firm SINGAPORE: Chicago wheat edged lower on Tuesday, snapping two consecutive sessions of gains and falling from a nearly two-week high as improvement in US winter crop ratings weighed on the market.Corn rose for a second day in row as wet weather in key growing areas across the US Midwest threatened to delay the start of planting this week.US winter wheat condition ratings improved in the latest week but hovered at the lowest level for this ...

CBOT corn to rebound to $6.52-3/4 SINGAPORE: CBOT May corn is expected to rebound to $6.52-3/4 per bushel, as a temporary bottom could have formed around the April 5 low of $6.28-1/2.A Fibonacci retracement analysis on the fall from the March 27 high of $7.37-3/4 to $6.26-1/2 reveals an immediate target at $6.52-3/4, the 23.6 percent level.The hourly MACD has climbed into the positive territory, indicating the bears have retreated and the bulls are temporarily taking control.Support is at $6.29-1/2, a ...

Iron ore at near 1-month high, Shanghai rebar gains for 3rd day SINGAPORE: Shanghai steel futures rose for a third straight session on Tuesday amid signs that demand in top consumer China is picking up, lifting iron ore prices to near one-month highs as mills stocked up on the raw material.Chinese producers increased daily output of crude steel to 2.072 million tonnes in the last 10 days of March from 2.064 million tonnes in the preceding 10-day period, industry data showed on Monday, banking on firmer demand ...

Gold pares losses, but equities lure investors SINGAPORE: Gold pared losses on Tuesday as jewellers and speculators looked for bargains, but the metal was under downward pressure after US stocks gained ahead of an earnings season that is expected to show modest growth.Speculators have also slashed their net longs as gold ignored tension between the two Koreas, and investors shifted their money to equities, seeking better returns, despite concern about the health of the US economy.Gold fell as low as $1,569.94 an ...

Petrobras fined $5mn for oil spill off Sao Paulo coast SAO PAULO: Brazil's state-run energy giant Petrobas has been ordered to pay a fine of $5 million over an oil spill that fouled several beaches along Sao Paulo state's coast, authorities said Monday.The spill occurred Friday as a result of "an operational failure" at a sea terminal of Transpetro, a Petrobras subsidiary, during the refueling of a ship, the Sao Paulo state Environmental Company Cetesb said in a statement.The oil slick reached beaches in the ...

US soy closes firm on technicals; wheat rallies on exports CHICAGO: US soybean futures rose on Monday, snapping a streak of three straight negative sessions, on technical buying and worries that delays in the South American harvest will further slow delivery of supplies from Argentina and Brazil, traders said.The soybean market found support from bargain-hunters after prices on Friday dropped to their lowest level since June.Wheat futures rose due to strong global demand for US supplies as well as concerns about potential damage to the ...


 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln