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CBOT soybeans to one-week high on US weather worries  CHICAGO: Soybean futures on the Chicago Board of Trade rose nearly 3 percent on Monday and set a one-week high on concerns that dry US crop weather over the next two weeks would further stress the crop, traders said. * Soymeal and soyoil also ended higher, with soymeal gaining against soyoil on meal/oil spreads. * Midday weather updates indicated even drier weather than earlier forecasts in the US Midwest for the next week or two, which will increase stress on corn and soybean crops that already have been slashed due to the worst drought in over 50 years. * Analysts surveyed by Reuters expected USDA in its weekly crop report on Monday to show US soybean condition ratings down 2 percentage points, at 29 percent good to excellent. * Trade expecting no first-day deliveries against CBOT August soybean and soymeal futures on Tuesday, but soyoil deliveries were seen at 1,000 to 2,000 contracts. * Brazilian ...

CBOT corn climbs as US drought worsens  CHICAGO: Chicago Board of Trade corn futures were higher on Monday on outlooks for continued drought in the US Midwest that will further reduce 2012 corn crop prospects. * Dry and hot weather in the US Midwest for the next week or two will continue to erode crop conditions, trimming outlooks for 2012 corn and soybean production, an agricultural meteorologist said on Monday. *"It looks like a continued trend of below average precipitation in the Midwest for ...
Chile June copper output up 5.6pc to 452,690 tonnes  SANTIAGO: Chile, which provides around one-third of the world's copper, produced 452,690 tonnes of the red metal in June, up 5.6 percent from the same month a year earlier, the government said on Monday. Chile, the world's No. 1 copper producer, churned out 458,640 tonnes of the red metal in May, up 3.6 percent from the same month a year earlier, the government said last month. Copyright Reuters, 2012 ...
US Cash Soymeal-Offers flat, demand crimped by high prices  CHICAGO: Soymeal spot basis offers held mostly steady at US truck and rail markets on Friday, as sales stayed slow due to high cash prices and rising Chicago Board of Trade soymeal futures, dealers said. * End-users were not interested in booking orders of the high-priced animal feed as cash prices were supported by stronger CBOT soymeal futures, dealers said. * CBOT soymeal futures followed CBOT soybean futures higher on Thursday as weather forecasts predicted fewer chances ...
US soy, corn, wheat race higher as rally resumes  CHICAGO: US soybeans, corn and wheat rose on Friday as chances for weekend rain in the drought-stricken Midwest lessened, showing that investors were not willing to give up on the recent rally that pushed prices to record highs despite choppy trade this week. Friday's gains of nearly 2 percent for all three commodities on the Chicago Board of Trade were not enough to reverse this week's sell-off, which put the market on track for its first ...
Chile Collahuasi says 2012 copper output won SANTIAGO: The world's No. 3 copper mine, Chile's Collahuasi, expects its production of the industrial metal to improve in the second half of the year versus the first six months, but its full-year output will likely be below last year's, a company senior executive said on Friday. Collahuasi, which produces around 3 percent of the world's red metal and is owned jointly by Anglo American Plc and Xstrata Plc, churned out 453,000 tonnes of copper last ...
Palm oil gains on ECB comments, posts weekly loss  SINGAPORE: Malaysian crude palm oil bounced up on Friday from a five-week low hit the previous day after the European Central Bank pledged to protect the euro zone in comments that helped risk assets. The broader financial markets rose after ECB President Mario Draghi said the bank would do whatever was necessary to protect the euro zone from collapse, raising expectations it will move quickly to tackle sky rocketing borrowing costs in countries such as Spain. Benchmark ...

 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln