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CBOT corn gains on supply worry; wheat rally helps  CHICAGO: Chicago Board of Trade corn futures rose on Thursday on shrinking US supplies of the grain, fund buying and spillover support from soaring wheat. * Traders said the drought-reduced corn crop was keeping cash basis and futures markets strong due to the lack of available stocks to meet demand. * US corn and soybean crops are receiving a welcome dose of light rain this week accompanied by cooler temperatures, which will help stabilize the deterioration of each crop, an agricultural meteorologist said. * "A cool front is moving through the Midwest, bringing light rain to most of the area. There should be a half inch of rain with some areas getting up to an inch or more," said Andy Karst, meteorologist for World Weather Inc. * Karst said there was an even better chance of more rain next week but the showers are too late to benefit the US corn crop. * The US ...

CBOT soybeans fall on welcome rains in US Midwest  CHICAGO: Soybean futures on the Chicago Board of Trade fell on Thursday, setting back from Wednesday's 2.3 percent rise, as rains crossing parts of the US Midwest lifted soy yield prospects, traders said. * Commodity Weather Group said better-than-expected rains of 0.5 to 1.0 inch (1.3-2.5 cm) fell in Iowa and Wisconsin on Wednesday, and updated midday forecasts showed a better chance for rains next week than earlier outlooks had indicated. * Trade remained light, with estimated ...
ICE canola rise on disappointing yields  WINNIPEG: ICE Canada canola futures rose on Thursday as early harvest yields were disappointing, shrugging off pressure from weaker Chicago soybeans, traders said. * Cooler overnight temperatures Wednesday in Western Canada raised some concerns about frost risk later this month, and crusher buying also supported the market in thin volumes - trader. * 11 percent of canola swathed in Saskatchewan, overall crop harvest slightly ahead of schedule. * Light rains give some relief to drought-stricken US corn, soy. * ...
CHICAGO: Soymeal spot basis offers were steady to higher at truck markets in Iowa but steady to lower at most other US markets on Wednesday amid dull demand and as futures prices jumped more than 2 percent, dealers said. * Iowa basis offers climbed as supplies of spot soymeal were tight, rising by $2 per ton at processors in Cedar Rapids, Iowa Falls and Sioux City. * Supplies of soymeal were tight in some areas as several ...
Soybean prices resume rise as supply worries linger  CHICAGO: Soybean prices rose 1.3 percent on Wednesday on bargain buying after a two-day setback and continued concerns about tightening domestic supplies amid the worst US drought in half a century. Corn and wheat rebounded after a three-day slide. Soybeans found support despite cooler temperatures and rains that have brought relief to parts of the Midwest this month, following the hottest July on record. "Even though the weather is non-threatening, we still are looking at the general fundamentals," ...
Coffee drops further; sugar hits another seven-week low  NEW YORK/LONDON: Coffee futures extended their losses to multi-week lows on Wednesday on chart-based sell signals and Brazilian harvest pressure, while raw sugar dropped for the 12th straight session to a seven-week low on plentiful supplies. Cocoa futures closed quietly lower as markets consolidated in both New York and London. Arabica coffee futures dropped further below long-term moving averages and the 61.8 percent Fibonacci retracement level as the quality of beans coming from Brazil's harvest improved after ...
Gold down as US retail sales dampen easing hopes  NEW YORK: Gold prices fell about 0.5 percent on Tuesday as healthy US retail sales data prompted bullion investors to scale back their bets based on expectations of imminent stimulus from the Federal Reserve. Platinum group metal prices rose on supply worries due to a work stoppage at one of the top platinum producers in South Africa. Better economic sentiment amid gains in US equities also underpinned buying in PGMs, used by the auto industry. Bullion dropped ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln