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CBOT corn eases on profit-taking ahead of USDA report CHICAGO: US corn futures edged lower on Monday, declining for the first time in three sessions as investors locked in profits ahead of a government crop report due on Wednesday, traders said.Traders were evening out positions ahead of the US Agriculture Department's supply and demand report in which analysts, on average, expected the government to reduce US corn and global ending stocks.Warm and dry conditions this week in the US Midwest could also allow farmers to work fields ahead of corn plantings. Concerns of planting delays in the United States last week contributed to the rise in corn futures to the highest levels since September.USDA on Monday said 1.31 million tonnes of corn were inspected for export in the week ending April 3, above the high end of analyst expectations ranging from 1 million to 1.25 million tonnes.Copyright Reuters, 2014


Coffee extends gains after biggest rally in a month LONDON: Arabica coffee futures on ICE rose on Monday, taking total gains to over 10 percent in the past two sessions, as concern over the damage from dry weather to the crop of top grower Brazil continued to plague the market.Arabica coffee had its biggest jump in over a month at more than 6 percent on Friday, heading towards last month's two-year high, because of concerns on Brazilian weather. The extent of crop losses from ...

Gold dips as investors cash in gains sparked by U.S. data LONDON: Gold inched lower on Monday, easing below $1,300 an ounce, as investors cashed in gains following its biggest one-day jump in three weeks, after a soft monthly jobs report last week allayed worries about an early rise in U.S. interest rates.Bullion rose 1.2 percent on Friday after March non-farm payrolls came in slightly below the consensus estimate for a 200,000 jobs increase at 192,000, but retreated from those levels on Monday.Spot gold was down ...

LME to launch aluminium premium contract; no word on court appeal LONDON: The London Metal Exchange (LME) said on Monday it plans to launch a physically-settled aluminium premium contract and may expand it to other metals.The LME, the world's biggest marketplace for industrial metals, did not say in its statement whether it would appeal against a court ruling that halted a key reform aimed at cutting backlogs in its global warehouse network."The (warehouse reform) rule may still be implemented, potentially with revised timing periods, either as ...

Wheat bounces from 3-week low; crop ratings eyed CHICAGO: US wheat futures edged higher on Monday after touching a three-week low in the previous session as traders worried that key growing areas of the US Plains will remain unfavorably dry.Weekend rains in the US Plains breadbasket were lighter than expected, and there were doubts that an upcoming storm system would bring significant relief to the crops.Traders were waiting for the US Department of Agriculture to issue its first weekly crop-progress report of 2014, ...

Copper up as investors look to China for monetary easing LONDON: Copper recovered on Monday after falling to its lowest level in more than a week as investors nervously awaited signals from policymakers in top consumer China about monetary policy easing.A weak dollar also helped support gains for metals prices, as the U.S. currency fell against a basket of currencies.Concerns about demand growth in China have waned in recent days on the prospect for more monetary stimulus, lending support to copper. However, prices are still ...

Iraq issues tender for at least 30,000 tonnes rice BAGHDAD: Iraq issued a tender to buy a minimum of 30,000 tonnes of rice, with long-grain supplies coming from the United States, Uruguay, Argentina, or Brazil, a trade ministry statement said on Monday. The tender is also seeking fragrant and parboiled rice from Thailand or Vietnam, the statement said. The closing date for the tender is April 20 and offers must be valid until April 24. Volumes in Iraq's rice tenders are nominal and the ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln