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Corn rallies 1pc on bargain buying, export demand CHICAGO: US corn jumped 1 percent on Friday, rebounding from a nearly two-month low on support from short covering and increasing export demand and trimming declines from earlier this week.Wheat futures were also higher on bargain buying, on their way to a fourth straight weekly decline, while soybean futures were narrowly mixed in light volume after top importer China cancelled a large purchase of US soybeans.The gains in agriculture commodities were part of a broad rally with crude oil and stocks higher ahead of the three-day weekend for Martin Luther King Jr. Day on Monday."It's a corrective rally. Crude is higher. The corn basis is firm and probably some export business being done near the 100-day moving average," said independent trader Ken Smithmier.The US Department of Agriculture earlier said exporters sold 101,600 tonnes of US corn to unknown destinations, in the fourth announcement of a sale of 100,000 tonnes or ...

North American cocoa grind sees first drop in two years NEW YORK: North American cocoa grindings fell for the first time in two years, a strong sign that higher chocolate prices have begun to curb consumers' appetites for the sweet treat. The drop is smaller than in Europe, the world's biggest cocoa processing region, as it continues to struggle through a financial crisis. North American cocoa grindings for the fourth quarter of 2014 fell 1.95 percent year-on-year to 122,886 tonnes, according to data from the ...
Soybeans fall to 2-1/2 month low on disappointing US crush CHICAGO: US soybeans reversed from earlier gains to fall more than 2 percent on Thursday, pressured by weakening soymeal futures and smaller-than-expected private crushing data.Wheat futures extended their worst downturn in six months on lackluster export demand for US supplies while corn was little-changed after declining to a five-week low in the previous session. The National Oilseed Processors Association in a monthly report released at midday said soy crushers in the United States processed 165.383 ...
ICE raw sugar on track for more gains NEW YORK: ICE benchmark raw sugar futures are poised for a bullish ride, potentially propelling prices to 17 cents per lb after the market defied the day's weak trend on the commodity complex and surged above a downtrend line on Thursday. The most-active March contract on ICE Futures US vaulted more than 2 percent to a five-week high at 15.38 cents per lb, breaching the downward trendline from the Oct. 9 high around 15.10 cents. ...
Sugar rallies to 5-week high, cocoa slips on weak grind data NEW YORK/LONDON: Raw sugar futures on ICE soared nearly 3 percent to a five-week high on Thursday, on chart-based buying that boosted it above a downward trendline, defying the day's weak trend in commodities and the strong US dollar. Cocoa futures slipped on weaker-than-expected European cocoa grind data, while arabica coffee dropped as it extended the week's pattern of trading of up one day and down the next. Raw sugar futures on ICE jumped on ...
CBOT soybeans fall on bearish NOPA report CHICAGO: US soybean futures fell 1.7 percent to a six-week low on Thursday after a closely watched report showed that US processors used fewer beans than expected in December.Forecasts for good weather in key crop producing areas of Brazil and Argentina added further pressure to the market.The National Oilseed Processors Association said that US processors crushed 165.383 million bushels of soybeans in December, the second-highest monthly crush rate on record but less than analysts were ...
CBOT corn down for third day on declines in soybeans, wheat CHICAGO: Chicago Board of Trade corn futures edged lower on Thursday, declining for the third session in a row on pressure from steep downturns in soybean and wheat prices and a higher dollar, traders said.Losses in corn were much smaller than those seen in other grain and oilseed contracts, with strong export sales data and technically oversold conditions limiting declines.The US Department of Agriculture pegged corn export sales in the week ending Jan. 8 above ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln