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NEW YORK: Cotton futures closed sharply lower on Wednesday, and set a 20-month low, to extend last week's 8.4 percent loss as investors sold out of most commodities along with equities in pursuit of cash, analysts said. While anticipated bumper supplies of the fiber have kept a bearish tone in the futures market, analysts said they thought cotton had been oversold at current levels based on supply/demand fundamentals alone. "There's no way to justify these price moves fundamentally," said Jobe Moss of MCM Inc in Lubbock, Texas, adding that technically, prices are likely to slip to a new low and then rebound. July cotton on the ICE Futures US exchange ended 2.19 cents, or 2.77 percent, lower at 76.97 cents per lb, after slipping to 76.85, its lowest since September 2010. The high was 79.34 cents. Volume was healthy at 16,029 lots. On Friday, the contract ended at 78.97 cents in the lowest close ...

NEW YORK: US orange juice futures set a 2-1/2-year low for the second straight day on Wednesday as large supplies and soft retail demand put more pressure on a market that is already down by half from record highs early this year. "You hit some stops and got below key support levels, and then cascaded down to the next support levels," said Kevin Sharpe, a juice broker at Florida's Basic Commodities, describing the day's action on ...
CHICAGO: Nearby soybean futures on the Chicago Board of Trade ended higher on Wednesday, gaining sharply against back months on firm cash markets and rumors of Chinese export demand for US old-crop supplies, traders said. * The premium for spot July soybeans over new-crop November rose to $1.18-1/2 by the closing bell, gaining 10-1/2 cents for the day and surging from 84-3/4 cents at the end of last week. * Soymeal posted the biggest gains in the ...
WINNIPEG: ICE Canada canola futures fell on Wednesday on technical selling after early weakness from outside markets pushed canola lower. * Funds seen holding large net long positions in canola and soybeans, leaving them vulnerable to big selloffs on bearish news. * Some technical selling seen due to lows hit earlier in the week when trading volumes were light. * Commercial selling was also noted. * New-crop months fell the hardest, with Western Canadian planting well underway with mostly ...
NEW YORK: Orange juice futures settled lower in the face of high supplies on Monday, ending a brief three-day advance after the market fell to a 2-1/2 year low last week as bearish fundamentals kept the market on the defensive, analysts said. Key July frozen concentrated orange juice fell 5.95 cents or 4.86 percent to end at $1.166 per lb, dealing from $1.15 to $1.238. "There's just no weather scare (in Florida). I think juice is stabilizing," ...
NEW YORK: Cotton futures closed mixed Monday as the market sought to recover after tumbling to a near two-year low last week although the outlook for fiber contracts remains bearish due to bumper supplies, analysts said. July cotton on the ICE Futures US exchange closed down 0.15 cent at 78.82 cents per lb, trading from 77.85 to 79.90 cents. It was an inside day since the range was within Friday's 77.16 to 81.76 cents band. On Friday, ...
CHICAGO: US live cattle futures settled higher on Monday after wholesale beef prices rebounded, drawing buyers to discounted futures and insulating the cattle market from broad weakness in commodities due to a strong dollar and euro zone debt fears. Hog futures also finished firmer, aided by live cattle market advances and surging wholesale pork prices. US equities closed lower for the eighth of nine sessions, weighed down by Greek political uncertainty and slowing Chinese economic growth. Chicago Mercantile ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln