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NY sugar may rise into 15.37-15.46 cents range SINGAPORE: New York March sugar may break resistance at 15.21 cents per lb and rise further into a range of 15.37-15.46 cents, driven by a wave (c).The resistance is provided by the 138.2 percent Fibonacci projection level of an uptrend from the Feb. 5 low of 14.33 cents, based on the gain from the Feb. 2 low of 14.10 cents to the Feb. 3 high of 14.74 cents.The strong bullish momentum built on Feb. 17 may easily push sugar into the range formed by the 161.8 percent and the 176.4 percent projection levels.A correction from the current level may be limited to 15.06 cents, the 114.6 percent level.Copyright Reuters, 2015 ...

NY coffee to retest support at $1.5490 SINGAPORE: New York March coffee may retest support at $1.5490 per lb after completing its current rebound around resistance at $1.5910.Support and resistance are identified respectively as the 100 percent and the 61.8 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle that developed from the Feb. 6 high of $1.6975.This wave is far from complete, as based on the consolidation range from the Feb. 3 low of ...
US wheat export outlook bearish on dollar, world supply CHICAGO: US wheat exports are down about 30 percent from last year and prospects for business picking up look bleak given the strong dollar and ample supplies overseas, traders and analysts say.Exporters had hoped slow sales would improve in February and March when competitors like Russia, Ukraine and France usually start running out of wheat. But that hasn't happened this season.The biggest culprit is the strong dollar, which hurts wheat more than any other U.S. ...
ICE cotton jumps to over 4-month high as buy-stops drive heavy trade NEW YORK: Benchmark cotton futures jumped on Tuesday to their highest since October 2014, as buy-stops exaggerated gains seen on a bullish technical outlook and low exchange inventories.The most-active May cotton contract on ICE Futures U.S. jumped to 64.74 cents a lb before closing up 1.21 cents, or 1.9 percent, at 64.53 cents a lb in heavy trade.More than 45,000 contracts changed hands across the forward-curve, according to preliminary exchange data compiled by Reuters. That ...
Soy hits 1-month high on soymeal gains, NOPA data; wheat choppy  CHICAGO: US soybeans climbed to a one-month peak on Tuesday, lifted by a 3 percent spike in soymeal futures and data showing near-record domestic crushings of the beans in January, traders said.Wheat futures were mixed, with some contracts turning lower after earlier hitting three-week highs on a short-covering bounce. Corn was narrowly higher in thin volume on the first trading day of the week following the US Presidents Day holiday.Soymeal futures posted the largest gains ...
Soy hits 1-month high on soymeal gains, NOPA; wheat choppy CHICAGO: US soybeans climbed to a one-month peak on Tuesday, lifted by a 2 percent spike in soymeal futures and data showing near-record domestic crushings of the beans in January, traders said.Wheat futures were mixed, with some contracts turning lower after earlier hitting three-week highs on a short-covering bounce. Corn was narrowly higher in thin volume on the first trading day of the week following Monday's US Presidents Day holiday.Soymeal futures posted the largest gains ...
Arabica futures slide to one-year low; premium falls NEW YORK/LONDON: Arabica coffee futures on ICE slid as much as 5.3 percent in heavy volume on Tuesday on speculative long liquidation that triggered chart-based selling, slashing the bean's premium over robusta to a one-year low.Robusta coffee futures turned lower after rising to a 2-1/2-month high, while sugar and cocoa markets rose.Arabica saw its biggest drop in three months. Traders said one speculator may have reduced a large long position, triggering heavy chart-based selling as ...

 



 
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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%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
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