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Corn, soy boosted by US exports; wheat follows CHICAGO/SYDNEY/PARIS: US corn and soybean futures rose on Thursday, supported by strong export demand for both commodities, traders said.Wheat futures also firmed, on track for their third straight day of gains, on spillover strength from the corn market.But gains were kept in check by forecasts for dry weather across the US Midwest that will allow for a pick-up in the harvest pace of both corn and soybeans and flood cash market dealers with much-needed supplies.Both corn and soybeans had drawn support earlier in the week after the US Department of Agriculture (USDA) confirmed that the progress of the harvest was behind previous years.Chicago Board of Trade November soybean futures rose 3-1/4 cents to $9.66 a bushel during the overnight trading session while CBOT December corn rose 3/4 cent to $3.53-3/4 a bushel. CBOT December wheat, was up 1 cent at $5.23-1/4 a bushel during overnight trading.USDA said on Thursday morning ...

Gold rises as dollar drops; Chinese data provides boost NEW YORK/LONDON: Gold rose on Monday as the dollar fell on uncertainty about global economic growth, while the prospect of more economic stimulus from China increased bullion's investment appeal. The yellow metal posted its fifth rise in the past six sessions after the dollar index fell on growth concerns and worries the US Federal Reserve may wait longer to hike interest rates. Last week, the greenback notched its biggest weekly loss in six months. Also ...
CBOT corn to retest resistance at $3.42 SINGAPORE: CBOT December corn is expected to retest a resistance at $3.42 per bushel, a break above which will lead to a further gain to $3.49-1/2.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the Aug. 18 high of $3.81 to the Oct. 1 low of $3.18-1/4. It seems corn is climbing towards the peak of the preceding wave 4, the fourth wave of a five-wave cycle from $3.81. This ...
Record US corn harvest a pile of troubles for grain handlers CHICAGO: The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising quality issues and making it hard to keep supplies moving.This year's record corn crop of 14.4 billion bushels alone would fill up 60 percent of the country's grain storage of 24 billion bushels.In total, with a record soybean crop too and hefty harvests of other grains including spring ...
US corn harvest seen behind at 15pc CHICAGO: Dry, warm days across the US Corn Belt last week promoted the corn and soybean harvests but it was behind the typical pace as a cool, wet summer slowed crop maturity, analysts said on Monday ahead of the government's weekly crop report. Analysts also expected the US Department of Agriculture to report strong corn and soybean condition ratings, which have been at 20-year highs this season. The USDA is to release the weekly crop ...
NY sugar soars over 3pc in dramatic recovery from 2010 low NEW YORK: ICE raw sugar rose more than 3 percent on Wednesday, the most in 2-1/2 months, rebounding from a more than 4-1/2-year low, as short-covering and technical buying more than offset deepening concerns about weak demand and ample supplies.ICE cocoa gained the most in nearly eight months as it extended a bounce off last week's three-month low.Arabica coffee fell on low volume. After sinking nearly 2 percent to 13.32 cents per lb, its lowest ...
US corn, soybean futures fall as harvest nears CHICAGO: US corn futures sagged 1 percent on Wednesday, with soybeans falling too, ahead of a likely record harvest of both crops across the US Midwest in the coming weeks, traders said."The new crop is going to overwhelm the balance tables," Matt Zeller, director of market information at INTL FCStone, said in a note to clients.Supplies were tight in the country but processors and elevators were preparing to be overwhelmed with a glut of both ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln