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CBOT soybeans close lower on NOPA report; soymeal, soyoil weak, too CHICAGO: US soybean futures fell on Monday on pressure from a disappointing report on US crushings and technical sales, traders said.The benchmark Chicago Board of Trade January soybean futures contract firmed early in the session but turned lower after failing break through last week's high of $10.60-1/4 a bushel.Soymeal and soyoil futures also fell. Weakness in the cash market weighed on soymeal, while a sharp drop in crude oil prices dragged soyoil lower.Soyoil retreated from early gains after the January contract failed to hold support above its 30-day moving average, a level it has not closed above since Nov. 26.The National Oilseed Processors Association on Monday reported that its members crushed 161.211 million bushels of soybeans during November, the fourth-highest monthly total ever but near the low end of market forecasts ranging from 161 million to 176 million. Copyright Reuters, 2014


India seen approving sugar export incentives, bearish for prices MUMBAI/LONDON: India is likely to approve raw sugar export incentives soon, but a cabinet decision risks being delayed by the government's insistence that mills pay cane arrears to farmers.A decision on raw sugar incentives could weigh on global sugar prices as additional Indian supplies will hit the world market at competitive prices. Mills are holding white sugar stocks and will produce raws if the government sets a subsidy.Several traders expressed surprise that the Indian cabinet ...

Corn at 5-month top on fund buying PARIS/SINGAPORE: US corn rose for a third consecutive session on Monday to its highest in five months as investment fund buying created momentum on price charts and offset rising global supply.Wheat edged higher to stay close to a five-month peak set on Friday as uncertainty over Russian export policy continued to underpin the market. Soybeans were also slightly higher.The Chicago Board of Trade March corn contract had risen 0.9 percent to $4.11 a bushel by ...

Arabica coffee rises, outlook for Brazil crop uncertain LONDON: Arabica coffee on ICE rebounded slightly on Monday after falls last week when rain in top grower Brazil reduced stress on parched trees, while raw sugar rose and cocoa was little changed.Dealers said the outlook for Brazil's 2015/16 crop remained uncertain despite the recent rains which may not have come in time to prevent significant crop losses."The rain will not recover the losses, there had already been losses before the rain arrived and it ...

TOCOM ends up 4pc; Thai govt to support price TOKYO: Benchmark Tokyo rubber futures ended up 4 percent on Monday as news of Thailand's plan to spend over $180 million to buy rubber to support prices helped support the market, dealers said on Monday.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, gained nearly 7 percent over the past two sessions, recovering from a seven-week low hit on Thursday amid persistent concerns about prolonged oversupply in Asia.The ...

Nickel hits one-week high on worries over Philippine supply LONDON: Nickel prices touched their highest level in a week on Monday over concerns that the typhoon season in the Philippines could hit supply and lead to shortages.The island nation, which has been a key supplier of nickel ore after an Indonesian ban, was hit about a week ago when Typhoon Hagupit destroyed nearly 16,500 houses and killed 11 people."We've said for a long time that there should be a shortage of nickel during the ...

Palm edges lower on lacklustre Malaysian export data JAKARTA: Malaysian palm oil futures fell for a second day on Monday, as a modest rise in Malaysian palm oil export figures in the first half of December and weakness in the ringgit were offset by weakness in crude oil prices.The benchmark February contract on the Bursa Malaysia Derivatives Exchange closed 0.14 percent lower at 2,163 ringgit ($619) per tonne, the contract's second day of declines after it slipped 1.1 percent on Friday.Total traded volume ...


 



 
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