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 FOB Gulf Grain-Soybean offers firm on rising demand, corn higher CHICAGO: US FOB Gulf soybean basis offers were steady to higher on Wednesday on good demand for new-crop supplies and tight autumn export capacity, while corn premiums were firm and wheat offers were steady, traders said.Tight loading capacity for post-harvest shipment from the Gulf underpinned new-crop soy and corn basis values. October capacity was nearly sold out and November capacity is about three-quarters sold out due to heavy forward sales of soybeans and soy products, much of it to European buyers, traders said.Soybean premiums were also supported by solid demand from top importer China, which has been booking autumn shipments from the United States. Firm nearby Brazilian soybean FOB basis offers due to slowing farmer sales also underpinned US soy basis values, with August offers around 190 cents over futures, traders said.The US Department of Agriculture on Wednesday confirmed private sales of 120,000 tonnes of old-crop US soybeans to China ...

US coffee traders face delays as suppliers haggle over price NEW YORK: US coffee traders say they face months-long delays in getting shipments as suppliers from Central America to Asia push to revise contracts, the latest sign that the meteoric rally in arabica futures earlier in the year has disrupted trading. At least one supplier is demanding customers fork out more cash for beans that were contracted before arabica prices nearly doubled in the first few months of the year as a long drought scorched ...
Soybeans rise as strong export sales fuel supply concerns CHICAGO: US soybean futures rose on Thursday as stronger-than-expected export sales re-ignited concerns about dwindling old-crop supplies.Corn futures advanced for the first time in four sessions, while wheat gained for the second straight session, bouncing from a four-month low set early on Wednesday.Strong demand for US soybeans lifted prices as the US Department of Agriculture reported export sales last week were 774,800 tonnes, above estimates for 250,000 to 550,000 tonnes. Within that total, sales of ...
Dry weather hasten Brazil sugar output, hurts maturing crop: Unica SAO PAULO: Brazil's main center-south cane crop produced 2.33 million tonnes of sugar in the first half of June, on the high end of market expectations and up from 2.03 million tonnes in late May, the main sugar and ethanol lobby Unica said on Wednesday.In its biweekly harvest report, Unica said clear weather over the past few weeks had helped sugar output in the center-south, which surpassed last year's output of 1.80 million tonnes during ...
US corn, soy crop rates dip after week of heavy rains CHICAGO: US corn and soybean crop ratings fell slightly in the past week after heavy rains in the Corn Belt caused some crop fields to flood and damaged young plants but conditions remain historically high, the government said in its weekly crop report on Monday."This confirms that even with our concerns about excess moisture we still have a tremendous crop on hand," said Rich Nelson, an analyst with Illinois-based farm advisory Allendale Inc. Crop conditions ...
Copper market on alert for LME inventory influx amid China probe NEW YORK: Thousands of tonnes of "invisible" copper now being hurriedly ushered out of some Chinese warehouses may remain out of sight for months longer, as banks and traders seeking safer havens for their metal opt out of the London Metal Exchange network.The fear of fraudulent financing at some storage depots in Qingdao port has prompted some banks and merchants to cut credit for financing deals or relocate metal to better-known warehousing firms, including some ...
Corn, wheat firm ahead of USDA report; soybeans sag CHICAGO: U.S. corn futures rose on Wednesday, with the front July contract on the Chicago Board of Trade rebounding from a four-month low as traders adjusted positions ahead of monthly U.S. government forecasts.Wheat firmed ahead of the U.S. Department of Agriculture's supply/demand reports, while soybean futures fell on softer cash values as demand from top buyer China slowed.At the CBOT as of 10:20 a.m. CDT (1520 GMT), July corn was up 3 cents at $4.48-1/2 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln