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Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production data on Thursday. However, nearby futures for both crops remained near four-year lows reached last week due to expectations that massive harvests will replenish inventories."The potential for a large crop and a bearish supply/demand report tomorrow gives the bulls little reason to buy corn in any big way," said Tomm Pfitzenmaier, analyst at Summit Commodity Brokerage in Iowa.Most-active Chicago Board of Trade December corn, which represents the autumn harvest, was up 0.5 percent at $3.46 ...

Argentina 2014/15 corn planting area seen shrinking 16pc BUENOS AIRES: Argentina's farmers will reduce the country's corn planting area for the 2014/15 season by 16 percent compared with the previous season as high inflation fuels production costs, the Rosario grains exchange said on Tuesday. The Rosario exchange estimated farmers in the world's No. 3 supplier of corn would sow 3.7 million hectares (9.1 million acres) of corn, down 700,000 from the 2013/14 season. The exchange also confirmed its estimate for Argentina's 2014/15 wheat ...
Arabica coffee eases, ICE cocoa falls for 5th straight day NEW YORK: Arabica coffee futures on ICE dipped on Monday as short-term traders took profits, but losses were limited by concerns about top grower Brazil's output, while cocoa fell for the fifth straight session along with the sterling currency. Raw sugar futures on ICE Futures US were little changed after inching down to the lowest level in more than seven months on abundant supplies. December arabica coffee was down 2.60 cents, or 1.3 percent, at ...
US corn, soy conditions seen steady with week ago CHICAGO: US corn and soybean conditions are seen steady with the previous week and historically high given mild crop weather across the Midwest last week, analysts said on Monday ahead of the release of the government's weekly crop report.The U.S. Department of Agriculture will issue its weekly crop progress report at 4 p.m. EDT (2000 GMT).Analysts polled by Reuters on average forecast that USDA will rate 74 percent of the corn crop as good to ...
ICE cocoa slides to 4pc weekly loss, arabica coffee drops NEW YORK: ICE cocoa futures skidded on Friday to their worst weekly loss since June 2013 over increasing expectations of a supply surplus, as arabica coffee sank on an improved industry outlook for the 2014/15 crop in top grower Brazil.Raw sugar on ICE Futures US hit a seven-month low on expectations of a large cash delivery against the October contract expiry this month due to excess supplies. The second-month ICE December cocoa contract hit a ...
Canada wheat, canola stocks not as large as expected WINNIPEG: Canada stockpiled millions of tonnes more wheat and canola as of midsummer than it had on hand a year earlier, Statistics Canada reported on Friday, but supplies were smaller than expected. Last year's record-large harvest and bottlenecks in the transportation system moving crops to buyers led to huge piles of crops in commercial and farm storage as of July 31. Statscan pegged all-wheat stocks at 9.8 million tonnes, the most in 20 years and ...
Corn, soy tumble to contract lows on record US yield prospects CHICAGO: US corn and soybean futures fell as much as 3 percent on Wednesday after the government unexpectedly lifted condition ratings for the crops and analysts increased outlooks for what already were expected to be record-large harvests in the United States.Wheat futures also fell, with prices extending early losses after no US supplies were offered in a tender to top global importer Egypt. A rising US dollar was also bearish as international buyers can source ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln