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Corn and soy soar on hot, dry US weather  CHICAGO: Nearby corn and soy futures hit a one-month high o n T uesday, while wheat also climbed as hot and dry weather in the US Midwest threatened crop prospects and raised concerns that corn inventories will fail to be replenished as projected. The gains came a day after the US Department of Agriculture reported a larger-than-expected decline in weekly US corn and soybean condition ratings due to the weather. Forecasts showed little relief in sight for the driest areas, including Missouri and the eastern half of the Corn Belt, raising fears of further crop downgrades. "It will be dry in roughly half of the corn and soybean belt; no doubt there will be further deterioration for at least the next two weeks," said Don Keeney, meteorologist for MDA EarthSat Weather. At the Chicago Board of Trade, new-crop December corn led the way up. As of 11:30 a.m. CDT (1630 GMT), the contract was ...

Gold flat ahead of Fed, euro debt fears support  NEW YORK: Gold prices seesawed on Tuesday, as investors waited for the outcome of a US Federal Reserve policy meeting which could signal new monetary stimulus, a move that will likely power the metal's recent rally. Bullion is building on a seven-day rally as investors sought refuge on signs of a worsening euro zone debt crisis. Spain on Tuesday had to pay a euro era record price to sell short-term debt, underlying the region's troubles run ...
NY juice finishes quietly up, Florida weather eyed  NEW YORK: Orange juice futures settled higher on Monday on modest speculative buying, with players content to keep tabs on weather news over citrus groves in the major growing state of Florida, analysts said. Key July frozen concentrated orange juice rose 3.25 cents, or by 2.97 percent, to close $1.1255 per lb, after trading from $1.0965 to $1.1365. Volume on Monday stood slightly under 2,300 lots, about a fifth under the 30-day norm, Thomson Reuters data showed. Jack ...
NY cotton closes up on short-covering  NEW YORK: Cotton futures finished higher Monday as investors covered their shorts and unwound positions in the spot July contract before it goes into delivery by next week, analysts said. Traders said voting in Greece gave an initial boost to the market, but the focus turned swiftly to the need by some players to get out of July cotton so they do not have to deliver cotton to the board. The spot July cotton futures went up ...
CBOT wheat up following corn rally  CHICAGO: US wheat futures closed higher in pit trading on Monday due to a rally in corn that was caused by dry weather in the US Midwest and to bullish reactions to Greece's weekend elections. * Wheat prices in western Europe were steady to slightly higher on Monday after a broad rally, which followed election results in debt-stricken Greece, petered out. * The Iraq Grain Board in a tender has bought a total of 250,000 tonnes of ...
Gold edges up on uncertainty over Europe, FOMC  NEW YORK/LONDON: Gold eked out a small gain o n M onday as lingering uncertainty over the euro zone debt crisis following Greece's elections and a policy meeting by the US Federal Reserve lifted bullion from its early losses. Safe-haven bids boosted gold as G20 leaders pressed Europe to do whatever it takes to combat Europe's crisis after a victory for pro-bailout parties in a Greek vote reduced the chances of a euro breakup but failed ...
CBOT soy ends up on US weather, halts 3-day slide  CHICAGO: Soybean futures on the Chicago Board of Trade were higher at the close of pit trading at 1:15 p.m. CDT (1815 GMT) on Monday, snapping a three-day slide as traders worried about dry weather in the US Midwest crop belt, traders said. * New-crop November soybeans posted the biggest gains on a percentage basis, lifted by worries about yield prospects. * A Reuters poll showed US analysts expected USDA on Monday to show a drop of ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln