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Canada wheat exports dogged by quality complaints WINNIPEG: Buyers of Canadian wheat are increasingly complaining about quality ever since Ottawa changed how its biggest crop is sold and inspected, raising the risk the world's third largest exporter will lose sales to rivals like the United States.Problems include underweight shipments, lower-than-expected protein content and gluten strength in the wheat, and even the occasional mixture of wheat with other agricultural products.In October, Singapore-based Prima Group found 850 kilograms of peas in a 25-tonne wheat shipment. A metric tonne is the equivalent of about 2,200 pounds (1,000 kilograms)."We don't know what's going on in the system here," said Prima advisor Derek Sliworsky in Winnipeg, who said that while not all Canadian wheat shipments suffer from poor quality, "we don't have these problems from other origins." Prima buys between 500,000 and 1 million tonnes of Canadian wheat a year to produce flour at its mills in Singapore, Sri Lanka and China.Problems ...

CBOT soybeans close higher on bargain buying CHICAGO: US soybean futures edged higher on Monday on a mild round of bargain buying after falling 2.2 percent last week, traders said.Gains were kept in check by losses in the soymeal market as well as worries that weak economic data from China signaled that the world's top buyer of soy will slow its purchases.Some technical selling added pressure after the benchmark Chicago Board of Trade January soybean futures contract failed to hold support above ...
TSX ends lower on economic data, energy shares TORONTO: Canada's main stock index declined on Monday as sluggish economic data raised concerns about the global economic recovery and shares of energy producers sold off despite a rebound in oil prices from five-year lows. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 119.38 points, or 0.81 percent, at 14,625.32. Eight of the 10 main sectors on the index were in the red.Copyright Reuters, 2014 ...
Cotton futures drop as rally prompts farmer selling NEW YORK: Cotton futures sank the most since mid-November on Monday, as a short-covering rally that lifted prices in three straight sessions of gains dried up and farmers sold into the rally. The most-active March cotton contract closed down 0.9 cent, or 1.5 percent, at 59.18 cents a lb, dropping from Friday's two-week high of 60.71 cents. "We were up sharply and had those good export numbers last week. But we couldn't attract any more ...
Honduras coffee exports more than double in November MEXICO CITY: Coffee exports from Honduras, Central America's top producer, more than doubled in November from the same month last year, helped by a rise in coffee prices worldwide, industry officials said on Monday. Coffee exports in November, the second month of the 2014-15 harvesting season, totaled 104,611.50 60-kg bags, up 116.5 percent from 48,327.94 in the previous period, according to preliminary data from national coffee institute IHCAFE. "Coffee started to come in greater quantities ...
Gold rebounds 4pc to 1-month high on heels of oil prices NEW YORK/LONDON: Gold saw its biggest daily surge in more than a year on Monday, reversing from 2 percent losses to a one-month high on spillover support from the surging oil market, technical buy signals and potential for increased Indian imports. Silver vaulted nearly 9 percent. The rally followed a thinly traded move lower, viewed by traders as overdone, after Switzerland voted on Sunday against a proposal to boost its gold reserves. Spot gold was ...
US wheat nears 5-month top as Russia tightens export rules CHICAGO: US wheat futures climbed to their highest in nearly five months on Friday, supported by news that Russia, a major global wheat supplier, was tightening its grain export rules, traders said.Soybeans fell nearly 3 percent as soymeal declined on talk of softening cash meal values. Corn also sagged on a day when US crude oil tumbled 10 percent after OPEC's decision a day earlier not to cut output.At the Chicago Board of Trade, most-active ...


Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln