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Corn, wheat fall to multi-month lows, await USDA reports  CHICAGO: US corn futures fell for a fourth straight day and hit a three-month low on Thursday and wheat slid 2 percent to a 2-1/2 month low, pressured by technical selling and fund liquidation ahead of a government grain stocks report on Friday. Soybeans were mixed, anchored by spillover pressure from sinking grains but underpinned by worries about tight global supplies and signs of improving demand following the recent price plunge. Trading volume was light as investors squared positions ahead of Friday's US Agriculture Department quarterly report on US grain stocks, which could show season-end stocks of corn and beans at an eight-year low. Traders who bet on further price gains liquidated long positions on chances Friday's data shows stocks are healthier than expected. "We've seen some support levels breached (in corn and wheat) and we ran into some sell stops. Trading volume hasn't been all that impressive so it doesn't take any really ...

Cocoa and coffee follow commodities higher, sugar turns up  NEW YORK/LONDON: US cocoa futures inched upward on Thursday, on track to finish with the strongest quarter in three years as the market traded in a narrow band after recently falling from a 10-month high, while coffee jumped on the heels of the firm commodity complex. Sugar turned higher after earlier pressure from rising Chinese output. Many stock markets and commodities rose after the Spanish government said it would cut spending sharply and opened the door ...
US ethanol output drops 3pc, lowest since July  KANSAS CITY: US ethanol production fell nearly 3 percent last week to the lowest point in two months, while stocks also dropped, government data released on Wednesday showed. Production of US ethanol fell to 809,000 barrels per day for the week ended on Sept. 21, down 25,000 bpd from the prior week, the Energy Information Administration said. Output was last that low in the week to July 27. Stockpiles fell to 19.26 million barrels, down 66,000 barrels ...
ICE canola falls to 4-month low on soy drop, technical selling  WINNIPEG: ICE Canada canola futures plunged to a more than four-month low on Wednesday, pressured by weaker soybeans and technical selling, traders said. * Nearby contract closed under psychological support at $600 for first time in more than three months. * Canola seen underpinned by only modest farmer selling into cash pipeline, and buying by end users. * November canola lost $13.70 or 2.3 percent to $595.10 per tonne on brisk volume of 17,436 contracts. Touched low of ...
CBOT soy to near 3-month low on economic worries, US harvest  CHICAGO: Spot soybean futures on the Chicago Board of Trade fell to a near three-month low Wednesday, joining a broad-based sell-off in commodities tied to concerns about slowing global growth, traders said. * The dollar hit a two-week high against the euro and US equities fell as renewed upheaval in the euro zone over financial bailouts led investors to book profits near the close of a strong third quarter. * Additional pressure from talk of better-than-expected soy ...
Frost might bite Argentine wheat BUENOS AIRES: A cold snap in grains powerhouse Argentina could cause frost damage to wheat plants as they enter key growth stages, but the outlook remains bright due to forecasts for further rain, weather specialists said on Tuesday. Expectations for ample showers related to the El Nino phenomenon are raising farmers' hopes for a bumper harvest after a dry 2011/12 season in Argentina, the world's No. 6 wheat exporter, the No. 3 soybean provider and the ...
US wheat stocks to grow on big crop, poor exports  CHICAGO: The US wheat harvest was seen growing to a four-year high, in government data due out on Friday, adding to the large domestic stockpile of the crop as high prices have chilled demand for US supplies on the export market.   Late-arriving rains in key growing areas of the US Plains boosted the size of this year's harvest.   "Wheat is a weed." said Tim Hannagan, grain specialist for Alpari. "It does not need a lot of rain ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln