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Gold flat, pares losses as data shows US GDP shrank NEW YORK/LONDON: Gold traded flat on Thursday, bouncing off its lowest level in nearly four months after data showing that the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate. Economists blamed severe winter weather, and the stock market took the news in stride, with all three major U.S. stock indexes moving higher. The U.S. Labor Department reported separately that applications for jobless benefits declined last week.Analysts said gold prices should find support in an oversold market, but the precious metal will likely face more headwinds from better overall economic conditions."The GDP figure has offset the jobless claims which have continued to become better," said Thomas Capalbo, precious metals trader at brokerage Newedge. "However, there is no real safe-haven need in times of an improving economy ...

Corn, wheat hit near 3-month low on improved crop weather CHICAGO: US grain futures fell more than 1 percent on Tuesday, with corn and wheat hitting roughly three-month lows, as favorable crop conditions and signs of easing tensions in major export hub Ukraine sparked investor long liquidation, traders said.Bull spreading in Chicago Board of Trade corn and soybean futures saw new-crop contracts posting larger declines than nearby contracts, reflecting forecasts for mostly dry conditions for planting in the US Corn Belt.Analysts on average expected the ...
El Salvador coffee exports down sharply in April on roya damage SAN SALVADOR: Coffee exports from El Salvador dropped by 50.3 percent in April compared with the same month last year due mostly to ongoing damage from the tree-killing fungus roya, the country's national coffee council CSC said on Monday. Shipments in April totaled 64,052 60-kg bags. "Many factors affect exports, but the biggest one has been the impact of roya," said a CSC spokesperson. Exports during the first seven months of the current 2013/2014 harvesting ...
China says importing small amount of Brazilian corn BRASILIA: China has imported a small amount of corn from Brazil since official approval for the purchases went into effect on March 31, the Asian country's ambassador said on Monday.China's main corn supplier is usually the United States, but shipments were curbed earlier this year after officials turned away some 1 million tonnes due to the presence of a genetically altered strain that was not approved by Beijing."So far we are importing a very limited ...
Soybeans slide, corn firms in pre-holiday consolidation CHICAGO: US soybean futures eased on Friday as investors unwound spreads and squared positions ahead of the Memorial Day holiday weekend, but the market remained poised for its strongest weekly advance in five weeks. Wheat fell for the fourth straight day and hit a 10-1/2 week low on weak demand and abundant global supplies. Corn firmed on bargain buying and as traders unwound long soybean and short corn spreads.Trading volumes were light ahead of the ...
Soybeans rebound on tight U.S. stocks, persistent demand CHICAGO: US soybean futures jumped more than 1 percent on Wednesday in a bargain-buying bounce from the prior session's steep declines and on concerns about tight U.S. supplies ahead of the autumn harvest.Corn futures were mixed after sinking to an 11-week low earlier in the session, weighed down by this week's rapid U.S. planting pace and adequate old-crop supplies.Wheat fell for a 10th session out of 11, with plentiful global supplies giving stiff competition to ...
CBOT corn falls to 10-week low CHICAGO: US corn futures declined for the fifth straight session on Tuesday, falling to the lowest level in 10 weeks as favourable growing conditions in the Midwestern crop belt prompted investors to liquidate long positions, traders said.Most-active Chicago Board of Trade July corn futures reversed from earlier gains and set new lows in the final minute of trading. Futures also tested the 200-day moving average of about $4.73 per bushel the last major moving average ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln