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Wheat slips further after USDA lifts supply view SINGAPORE: Chicago wheat dropped further on Thursday after tumbling more than 3 percent in the prior session in its sharpest slide in two weeks, as the US boosted its supply outlook following heavy rains.The US Department of Agriculture said rains across the southern and central US Plains throughout May increased wheat production in that area. The government forecast US winter wheat production at 1.505 billion bushels, up 33 million bushels from its estimate last month.USDA pegged 2015/16 domestic ending stocks for wheat at 814 million bushels, up from 793 million bushels in May."The reality of high US stocks provided a jolt to the market that has become more focussed on potential for weather related crop downgrades and losses," Commonwealth Bank of Australia analyst Tobin Gorey said in a note.Worries that the rains would hit quality of the hard red winter wheat crop had fuelled a rally in wheat, gaining as ...

Gold up but range-bound; focus on US rate hike timing NEW YORK/LONDON: Gold rose on Tuesday as European stock markets fell and commodities picked up across the board, but prices remained range-bound as investors awaited clearer signals on the timing of an expected US interest rate hike. Spot gold was up 0.3 percent at $1,176.88 an ounce at 3:27 p.m. EDT (1927 GMT), while US gold futures for August delivery settled up $4 at $1,177.60 an ounce.Gold fell to $1,162.35 on Friday, its lowest level ...
CBOT corn closes higher on strength in wheat CHICAGO: US corn futures rose 1.3 percent on Monday, supported by a rally in the wheat market and weakness in the dollar, traders said.Corn closed off its highs after the benchmark Chicago Board of Trade July futures hit resistance as it neared its 40-day moving average, a level it has not closed above since March 30.Analysts were expecting a weekly US Agriculture Department report on Monday afternoon to show that corn ratings held steady at ...
CBOT wheat ends up on technical buying, softer dollar CHICAGO: Wheat futures on the Chicago Board of Trade rose 2 percent on Monday amid technical buying, including short-covering and support from a weaker dollar, traders said.A softer dollar makes US grains more competitive on the world market. The dollar weakened after a report, later denied by US President Barack Obama, said he had called the strong dollar "a problem."Commodity funds maintain a large net short position in CBOT wheat, and some were covering positions ...
Gold edges up after 3-day drop as dollar, equities slip NEW YORK/LONDON: Gold rose slightly after a three-day streak of declines on Monday as the dollar and stock markets fell, though prices hovered near 11-week lows after Friday's jobs data fueled speculation that US interest rates may rise in September. Spot gold was up 0.2 percent at $1,174 an ounce at 3:03 p.m. EDT (1903 GMT), while US gold futures for August delivery settled up $5.50 at $1,173.60 an ounce. The yellow metal on Friday ...
Gold at 3-week low on stronger US data, Greece optimism NEW YORK/LONDON: Gold fell to a three-week low on Wednesday as data showed the US private sector added more jobs than expected in May and prospects increased of a debt deal for Greece. US private employers added 201,000 jobs, above the 165,000 in April and economists' estimate of a 200,000 gain. Spot gold was down 0.7 percent at $1,185.56 an ounce by 2:56 p.m. EDT (1856 GMT) after falling more than 1 percent to the ...
CBOT wheat ends lower on technicals after volatile session CHICAGO: Wheat futures on the Chicago Board of Trade ended lower on Wednesday after a volatile, seesaw session driven by largely technical moves, traders said.A retreat in the US dollar supported wheat prices at times, triggering bouts of short-covering by funds that hold a large net short position in CBOT wheat.But CBOT July wheat settled down 1-3/4 cents at $5.10-3/4 a bushel, retreating from a one-week high of $5.26-1/4.MGEX spring wheat and K.C. hard red ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln