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CBOT wheat climbs on technical buying CHICAGO: Wheat futures on the Chicago Board of Trade rose more than 3 percent on Monday on technical buying, including short-covering, after sellers failed to push the spot July contract much below Friday's low, traders said.Commodity funds hold a large net short position in CBOT wheat, leaving the market vulnerable to bouts of short-covering.MGEX spring wheat and K.C. hard red winter wheat futures also ended higher, with MGEX wheat posting the biggest gains.Temperatures fell below freezing in parts of the Canadian Prairies over the weekend, damaging canola, but the region's spring wheat should have be able to withstand the cold, traders said.Market awaits information on the quality of the US hard red winter wheat crop following historic rains and flooding last month in Oklahoma and Texas, with harvest about one to two weeks away.Ahead of USDA's weekly crop progress report later on Monday, analysts expected the government to rate 44 ...

Gold steadies as dollar rallies after US data NEW YORK/LONDON: Gold was little changed on Monday, giving up gains as the dollar rallied after the precious metal was initially buoyed by an unexpected stall in US consumer spending and comments on interest rates from a Federal Reserve's official.Spot gold rose to a session high of $1,204.31 an ounce and was down 0.04 percent at $1,189.30 an ounce by 3:00 p.m. EDT (1900 GMT). It posted a second consecutive weekly fall last week, hitting ...
Honduran coffee exports rise 36 pct in May year on year TEGUCIGALPA: Coffee shipments from Honduras, Central America's biggest exporter, rose 36 percent in May, compared to the same month last year, the national coffee institute IHCAFE said on Monday. Coffee exports for the month reached 854,052 60-kg bags compared to 628,527 in the year-ago period. The export growth was driven by new plantations and an ongoing recovery from a devastating outbreak of the tree-killing fungus roya, according to IHCAFE officials and exporters. Exports during the ...
Wheat falls near lowest in 2 weeks, set to finish May up 4pc SYDNEY: US wheat fell 0.5 percent on Friday to linger near a two-week low as the weather outlook improved, though the grain was poised to record its biggest monthly climb in six months.Corn rose, extending gains into a second session, while soybeans also edged higher.Chicago Board of Trade front-month wheat fell 0.51 percent to $4.86-1/4 a bushel, having closed up 0.2 percent in the previous session."Weather forecasts call for warmer weather across the States and ...
Raw sugar holds above 6 year low, London cocoa off 8-mth high NEW YORK/LONDON: Raw sugar futures on ICE hovered above their lowest level in more than six years on Thursday, but gains were capped by the weak currency in top grower Brazil and abundant supplies, while London cocoa fell from an eight-month high.New York cocoa fell for the fourth straight day as the weak British pound attracted selling by speculators. Coffee futures were slightly higher.Dealers said they expected fluctuations in the Brazilian real and US dollar ...
CBOT soybeans close lower on new-crop drop CHICAGO: US soybean futures fell on Thursday, led lower by new-crop contracts amid technical selling and expectations for a big crop this fall, traders said.Chicago Board of Trade November soybean futures, which track the crop that US farmers are currently planting, notched the biggest losses after early buying failed to push the contract through Wednesday's highs.Weakness in soymeal, which was weighed down by profit taking, also weighed on soybeans.Traders also cited pressure from expectations that ...
Gold bounces up from 2-1/2-week low as dollar, shares fall NEW YORK/LONDON: Gold inched higher after hitting a 2-1/2 week low on Thursday as the dollar and global shares fell alongside uncertainty about Greece and an unexpected rise in US jobless claims. Spot gold was up 0.1 percent at $1,188.30 an ounce by 2:26 p.m. EDT (1826 GMT) after falling to $1,180.55, the lowest since May 11. US gold futures for June delivery settled up $2.50 at $1,188.10 an ounce. European Central Bank Vice President ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln