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CHICAGO: Chicago Board of Trade corn futures closed sharply lower on Thursday after USDA earlier in the day estimated US ending stocks of old-crop and new-crop corn that exceeded the averages of analysts' estimates. * USDA's May supply and demand report pegged US 2011/12 (old-crop) corn ending stocks at 851 million bushels, above an average of analysts' estimates of 749 million and above the USDA's April forecast of 801 million. * The report contained the first official estimate for 2012/13 (new-crop) ending corn stocks at 1.881 billion bushels, above an average of analysts' estimates of 1.714 billion. * USDA pegged this year's corn crop at a record 14.790 billion bushels. * Also on Thursday USDA reported US export sales of corn last week at 473,400 tonnes, below estimates of 1,100,000 to 1,300,000 tonnes. * South Korea's MFG bought 70,000 tonnes of corn for feed production and the KFA bought 55,000 tonnes of optional-origin corn for ...

CHICAGO: Soybean futures on the Chicago Board of Trade rose Thursday after forecasts for US soybean ending stocks from the US Department of Agriculture came in below trade expectations, traders said. * Soymeal posted the biggest advances in the soy complex, gaining relative to soyoil on meal/oil spreads. * USDA lowered its forecast of US 2011/12 soybean ending stocks to 210 million bushels, down from 250 million in April and below the average trade estimate of 210 ...
CHICAGO: US corn futures tumbled as much as 2 percent on Thursday after the government predicted that domestic stocks of the grain will surge this fall to their highest in seven years, aided by record yields in the coming harvest. Soybeans rebounded from three straight days of losses after the US Department of Agriculture said record-large exports next season would shrink US stocks to the lowest in four years, leaving little room for production snags this ...
CHICAGO: US soybeans fell for a third consecutive session o n W ednesday, while corn and wheat dropped amid wider weakness in financial markets, a stronger dollar and risk-aversion ahead of a key US government crop report on Thursday. Escalating fears of a deepening euro zone debt crisis amid political uncertainty in Greece and the rising cost of fixing banks in Spain dragged the euro to a three-month low and pressured equities and commodities markets. The 19-component ...
NEW YORK: US orange juice futures closed up on Wednesday, after a dive in prices over the past seven sessions prompted players to buy into a market they believed was on the verge of bottoming out, traders said. "This looks like short-covering activity although what we recovered today hardly compares to what's been lost over the past week," said Sterling Smith, analyst at Country Hedging Inc. in St Paul, Minnesota, who follows juice futures among other ...
CHICAGO: Chicago Board of Trade corn futures closed lower on Wednesday in risk off trade in reaction to concerns about the global economy, a firmer dollar, sagging crude oil and lower precious metals. * The euro fell to near a 3-1/2-month low and the dollar index rose as Greece sank deeper into crisis after its elections. * Bearish outside markets were overriding supportive fundamentals in old-crop corn futures such as tight stocks, strong cash basis, slow farmer ...
NEW YORK: Cotton futures extended their 5-1/2 month low on Tuesday, in their fifth consecutive day of lower closes, ratcheting down as the weather in US cotton regions continues to improve. "It just keeps grinding down with the weather forecast turning so favorable for West Texas and Georgia both with beneficial rains," said Mike Stevens, an independent cotton analyst in Mandeville, Louisiana. He said rain has been showering cotton growing areas with more expected on Tuesday night, ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln