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CHICAGO: US soybeans surged 2 percent on Friday, touching a 7-1/2 month high in the biggest daily gain in three weeks, as strong export demand from top soy buyer China and a weaker dollar helped prices rebound from sharp losses earlier this week. Corn and wheat futures each fell sharply at the Chicago Board of Trade, posting steep weekly losses, pressured by beneficial growing weather in the United States and the lack of confirmation of an export sale to China. Forecasts for smaller crops in South America also supported soybean futures, with benchmark CBOT May soybeans gaining 31 cents to $14.46-3/4 per bushel, and concluding its fourth straight weekly gain. Argentina cut its official estimate for this year's soy and corn crops late on Thursday, and many traders expect the US Agriculture Department to slash its own estimates in the USDA's next supply-and-demand report due early next month. "The other rumbling is the bean ...

CHICAGO: Soybean futures on the Chicago Board of Trade rose to a one-week high Friday, with front months gaining against deferreds on speculation that shrinking crops in South America could steer more export demand to the United States, traders said. As of 12:18 p.m. CDT (1718 GMT), CBOT May soybeans were up 22-1/4 cents at $14.38 per bushel after reaching $14.39-1/4 which marked the highest spot price since April 13. Copyright Reuters, 2012 ...
NEW YORK: Cotton futures settled higher for the second straight day on Wednesday on investor short-covering, as the market rebounded from a one-month low on Monday, with traders saying the momentum should boost fiber contracts in the days ahead. The July cotton contract on the ICE Futures US exchange rose 1.77 cents or 2.01 percent to finish at 90.02 cents per lb, dealing from 88.24 to 92.25 cents. On Monday, the market closed at its lowest since ...
NEW YORK: Orange juice futures finished lower on Wednesday on sales by small speculators as the market consolidated in range-bound trade after prices dropped last week to the lowest in 1-1/2 years, analysts said. Key July frozen concentrated orange juice fell 1.40 cents to close at $1.4565 per lb after trading from $1.4505 to $1.488. Country Hedging Inc. analyst Sterling Smith said the market seems to be establishing a band running from $1.40 to $1.50, basis July. "I ...
NEW YORK/LONDON: Gold traded flat on Tuesday, halting a two-day drop brought about by euro zone debt jitters, as a Wall Street rally lifted the metal off lows hit earlier in the session. Bullion, which has taken to follow equities, rose nearly $20 from its initial nadir after a slew of encouraging US corporate results led by Goldman Sachs Group Inc fuelled a 200-point jump in the Dow. The metal had lost 2 percent in the previous ...
NEW YORK: Orange juice futures finished higher Tuesday on speculative buying as the market extended its recovery after dropping last week to its lowest level in 1-1/2 years, analysts said. Key July frozen concentrated orange juice added 1.70 cents or almost 1.2 percent to close at $1.4795 per lb after trading from $1.4565 to $1.5235. "It's putting together a recovery rally," said The Price Group analyst Jack Scoville. The market has stabilized after sinking over 10 percent in ...
NEW YORK/LONDON: Copper topped $8,000 a tonne on Tuesday, rebounding from three-month lows a day earlier, as euro zone debt worries eased and a surprise drop in Rio Tinto's copper output brought the red metal's tight supply pipeline back into focus. Copper pushed higher alongside a broader risk-on rally in global equities and the euro after a smooth Spanish bond sale and upbeat German economic data boosted investor confidence and boosted hopes the euro zone was ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln