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China signs agreements to buy 4.8mn tonnes of US soybeans CHICAGO: A Chinese trade delegation signed agreements with U.S. exporters to purchase 4.8 million tonnes of soybeans valued at $2.3 billion following a weeklong industry tour, the U.S. Soybean Export Council said on Tuesday.The 21 purchase agreements were signed late Monday during a global trade conference sponsored by the council in Milwaukee, Wisconsin.These routine buying missions occur yearly, reflecting China's huge demand for oilseeds and grains globally, traders said.China, the world's largest soybean buyer, purchased 28 million tonnes of U.S. soybeans during the 2013/14 crop season, or 60 percent of all U.S. sales. With or without the agreements, China is expected to buy some 30 million tonnes of U.S. soybeans during the 2014/15 marketing year, which runs Sept. 1, 2014, to Aug. 31, 2015.Purchase agreements, or letters of intent, are not binding sales contracts but are traditionally honored by trading partners, traders say.Some exporters declare the agreements to the U.S. ...

US soy, corn futures rise; wheat dips on supply glut CHICAGO: US soybean futures firmed on Monday on a bargain-buying rebound after hitting their lowest in more than four years, but gains were kept in check by expectations of a record US harvest this fall, traders said.Corn futures also were higher, with short-covering and technical buying featured as prices hovered near contract lows. Wheat slipped, with plentiful global supplies and low demand for US offerings on the export market sending prices to the lowest since ...
ICE cotton pares losses after USDA cuts US output outlook NEW YORK: Cotton futures pared losses on Thursday after the U.S. government cut its 2014/15 U.S. crop forecast in its monthly supply-demand forecast by more than many anticipated.The most-active December cotton contract on ICE Futures U.S. was down 0.12 cent, or 0.2 percent, at 67.02 cents a lb by 12:12 p.m. EDT (1612 GMT) in choppy trade following the report.The U.S. Agriculture Department (USDA) projected domestic output at 16.5 million 480-lb bales during the 2014/15 ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Argentina 2014/15 corn planting area seen shrinking 16pc BUENOS AIRES: Argentina's farmers will reduce the country's corn planting area for the 2014/15 season by 16 percent compared with the previous season as high inflation fuels production costs, the Rosario grains exchange said on Tuesday. The Rosario exchange estimated farmers in the world's No. 3 supplier of corn would sow 3.7 million hectares (9.1 million acres) of corn, down 700,000 from the 2013/14 season. The exchange also confirmed its estimate for Argentina's 2014/15 wheat ...
Arabica coffee eases, ICE cocoa falls for 5th straight day NEW YORK: Arabica coffee futures on ICE dipped on Monday as short-term traders took profits, but losses were limited by concerns about top grower Brazil's output, while cocoa fell for the fifth straight session along with the sterling currency. Raw sugar futures on ICE Futures US were little changed after inching down to the lowest level in more than seven months on abundant supplies. December arabica coffee was down 2.60 cents, or 1.3 percent, at ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln