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Soybeans, wheat bounce after steep losses, corn eases WINNIPEG: Chicago soybean and wheat futures bounced on Tuesday, rising on bargain-buying and short-covering after recent lows, while corn was steady. Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the US Midwest. "We've just plain hit (soybeans) hard for the last week or so and we're just seeing a little buying coming back in," said Karl Setzer, market analyst at Iowa-based MaxYield Cooperative. August soybeans gained 13 cents, or 1.4 percent, to $9.74-1/4 a bushel by 10:09 a.m. CDT (1509 GMT). Soybeans received further support from US Agriculture Department report on Monday that showed national good-to-excellent ratings for the crop held steady compared with market expectations for a slight bump. The USDA said 62 percent of the US soybean crop was in good to excellent condition, same as last week but below the previous year's 71 percent. September ...

Corn, soybeans, wheat fall on improving US weather CHICAGO: Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. Midwest sparked a round of long liquidation by speculators, traders said.Wheat futures also fell but declines were limited by some short-covering and technical support.The grains and oilseeds also were caught up in a broad commodities sell-off, stemming from expectations of a near-term U.S. interest rate hike ...
NY sugar to drop to 10.98 cents SINGAPORE: New York Oct. sugar is expected to drop to 10.98 cents per lb, as it has cleared a support at 11.33 cents.The support was provided by 61.8 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle that developed from the May 13 high of 13.90 cents.The next support will be at 10.98 cents, the 76.4 percent level. The wave c is capable of travelling to 10.42 cents, ...
Gold rout spurs buying spree of US Mint coins NEW YORK: The gold rout this week has spurred a buying spree of bullion coins in the United States, dealers said, as government data showed sales for this month have hit their highest in more than two years. With more than a week still to go until the end of the month, sales of US Mint American Eagle gold coins have vaulted above 110,000 ounces so far this month, the highest monthly tally since April ...
Cocoa falls on heavy chart-based selling, sugar steadies NEW YORK/LONDON: Heavy chart-based selling by speculators pushed cocoa futures on ICE lower on Wednesday, with industry buying preventing steeper losses, while raw sugar futures stayed near contract lows ahead of production data from top grower Brazil later this week. Robusta coffee finished higher as the July/September spread rose to a contract high ahead of the spot contract's expiry at the end of the month. Arabica fell after seesawing in a market lacking direction. New ...
Corn, wheat futures fall on favorable US Midwest weather CHICAGO: US corn futures were mostly lower on Wednesday, pressured by good weather for crop development across the US Midwest, traders said. The benign conditions also weighed on wheat, which eased as the pace of harvest in eastern growing areas increased. Soybean futures were mixed. The nearby contract firmed on support from strength in the cash market, where light farmer selling of soybeans caused processors to boost their bids. Deferred soybean contracts fell on improving ...
Palm oil ticks up as Malaysia's July output seen falling NEW DELHI: Malaysian palm oil edged higher on Tuesday, climbing from the last session's 1-1/2-week low on expectations of a drop in output due to holidays at the end of the Muslim fasting month of Ramadan.Palm oil for October delivery on Bursa Malaysia Derivatives added 30 ringgit, or 1.37 percent, to 2,219 ringgit a tonne by the close.The contract dropped as low as 2,165 ringgit a tonne on Monday, its lowest since July 9."Producers are ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln