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US corn, soy seen stable, eye on maturity CHICAGO: Rain and cool temperatures across the U.S. Midwest last week were seen keeping corn and soybean conditions stable and historically high, analysts said on Tuesday ahead of the release of the government's weekly crop report.That counters typical trends for conditions to slip as crops ripen. Analysts will also be keeping a close eye on USDA's crop maturity figures, especially in the northern states, where corn and soybeans were planted late and are behind in development, making them vulnerable to yield losses in the event of an early frost."The conditions have stayed high enough and long enough that it's more about harvest progress and maturity of the crop," said Don Roose, a grains analyst and president of U.S. Commodities in West Des Moines, Iowa.Rich Nelson, an analyst with farm advisory Allendale Inc, agreed: "We continue to hear more talk from farmers in the northern states about maturity concerns ahead of ...

Spot gold edges up on dollar drop, heightened tensions NEW YORK: Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in US equities.The dollar softened as traders focused on riskier assets, while speculation the European Central Bank will resort to monetary stimulus also triggered some interest in bullion, traders said.On Wednesday, Ukraine accused Russian forces of launching a new military incursion across its border, a day after the leaders of both ...
US judge dismisses LME from aluminum price-fixing lawsuits NEW YORK: A US judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices, hurting manufacturers and purchasers.In a decision made public on Tuesday, US District Judge Katherine Forrest in Manhattan concluded that the LME was an "organ" of the UK government, and therefore immune from the lawsuit under the Foreign Sovereign Immunities Act.Forrest acknowledged that her decision may ...
US corn, soybean ratings seen unchanged from week ago after rains CHICAGO: Condition ratings for US corn and soybeans likely held steady in the latest week, supported by rains across the U.S. Midwest that helped bring the crops through late stages of development even as temperatures heated up, analysts said on Monday.Good-to-excellent ratings for soybeans were expected at 71 percent as of Aug. 24, according to the average of estimates in a Reuters poll of 11 analysts. The U.S. Agriculture Department will release its weekly crop ...
Canada wheat, canola crops look large but off 2013 records WINNIPEG: Canadian farmers are set to harvest their second-largest wheat crop in six years and third-biggest canola crop ever, but output will fall far short of last year's record highs, a Reuters industry poll showed.Fifteen traders and analysts on average forecast all-wheat production at 28.5 million tonnes, down 24 percent from a year ago, when summer and autumn growing conditions were nearly perfect. Canola production is on track for 14.5 million tonnes, down 19 percent, ...
Corn dips as US harvest expected to top government outlook CHICAGO: US corn and soybean futures dipped on Wednesday on expectations that autumn harvests will exceed government forecasts due to favorable weather.Prices extended losses one day after the US Department of Agriculture issued a monthly report that projected smaller-than-expected production of both crops.Traders shrugged off the forecasts as too low because mild, wet weather has been nearly ideal for crops and farmers have reported gorgeous-looking crops in their fields.On Tuesday, the USDA pegged the US ...
 FOB Gulf Grain-Soybean offers firm on rising demand, corn higher CHICAGO: US FOB Gulf soybean basis offers were steady to higher on Wednesday on good demand for new-crop supplies and tight autumn export capacity, while corn premiums were firm and wheat offers were steady, traders said.Tight loading capacity for post-harvest shipment from the Gulf underpinned new-crop soy and corn basis values. October capacity was nearly sold out and November capacity is about three-quarters sold out due to heavy forward sales of soybeans and soy products, ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln