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CBOT corn gains as Isaac CHICAGO: Chicago Board of Trade corn futures were higher on Wednesday on a slowdown in US corn harvest due to rainfall from Hurricane Isaac and on concerns some of the crop may be harmed. * The new-crop December contract rose 1.6 percent, its biggest one day rally in over a week, to end four consecutive days of declines. * Heavy rainfall from the remnants of Hurricane Isaac will stall early harvesting of US corn, soybeans and rice but also add valuable soil moisture ahead of autumn seeding of the winter wheat crop, an agricultural meteorologist said on Wednesday. * "I don't see it as causing major, major problems. There will be some flooding and the rains are really too late to help corn or soybean crops," said John Dee, meteorologist for Global Weather Monitoring. * Cash corn basis bids were steady to lower on Wednesday amid the early harvest in the Midwest farm belt. * ...

ICE canola firm in early moves, led by US soybeans  WINNIPEG: ICE Canada canola futures rose early on Wednesday, rallying from a two-day slide on spillover strength from US soybeans amid tightening global soy supplies, traders said. * Trade was thin, with a total market volume of 793 contracts as of 8:54 a.m. CDT (1354 GMT). * November canola was up $4.10 at $625.50 per tonne on volume of 414 contracts at 8:54 a.m. CDT (1354 GMT), staying inside of Tuesday's trading range. * January canola was up ...
CBOT wheat up 3.6pc, biggest gain since mid-July  CHICAGO: Chicago Board of Trade wheat futures posted their biggest gain in more than six weeks on Wednesday in anticipation of cuts to Russian exports, which would likely boost export demand for US supplies, traders said. * Front-month CBOT wheat closed above its 40-day moving average, a key technical resistance point. Prices also rose above the 30-day moving average during the session but failed to hold support above that level. * The rally, which also received support ...
CBOT soybeans rise on US harvest delays, technical buying  CHICAGO: Soybean futures on the Chicago Board of Trade rose 1.8 percent on Wednesday, their biggest rise in a week, on concerns about rain from Hurricane Isaac slowing the soy harvest in the US Mississippi River Delta region, traders said. * Technical buying and spillover strength from a 3 percent surge in CBOT wheat lent support. * Torrential rains from Hurricane Isaac, with accumulations of 20 inches or more in some areas, threaten the soybean and rice ...
Gold rises on stimulus hopes; vulnerable if Fed disappoints  NEW YORK: Gold rose on Tuesday as weak US consumer confidence boosted speculation of new stimulus from the Federal Reserve, but some analysts warned of a possible sell-off if the US central bank does not commit to more monetary easing. Bullion climbed on a weak dollar as investors expected the Fed may unveil another round of stimulus at the annual symposium of central bankers and finance ministers in Jackson Hole, Wyoming. Bernanke is due to deliver ...
Copper drops on economy fears; central bank action eyed  NEW YORK/LONDON: Copper fell on Tuesday, hit by concerns about the global economy and mixed US economic data that did not convince investors the Federal Reserve will unleash a new round of stimulus this week. Fed Chairman Ben Bernanke is expected to keep markets guessing about the timing of another round of bond purchases when he speaks on Friday in Jackson Hole, but he is likely to sustain expectations for action of some kind next month. "Everything ...
Cocoa rallies to nine-month highs; sugar recovers  LONDON/NEW YORK: Cocoa prices shot to nine-month highs Tuesday on a fresh bout of short-covering, triggered by concerns that patchy weather in West Africa, the world's top bean-growing region, will damage crops. Sugar rose 3 percent on bargain-hunting after hitting fresh 11-week lows, while coffee eked out further gains. Liffe December cocoa futures jumped 110 pounds, or 7 percent, to settle at 1,695 pounds a tonne, notching their largest one-day gain since January Gains were pronounced as London ...

 



 
Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln