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CBOT wheat ends up on technical buying after choppy session CHICAGO: Wheat futures on the Chicago Board of Trade settled modestly higher on Thursday following a choppy, technical session, with short-covering and a softer dollar lending support.CBOT July wheat settled up 1 cent at $4.88-3/4 per bushel after dipping lower at the closing bell. The contract stayed inside the previous day's trading range.K.C. hard red winter wheat futures closed lower, with spot July posting a two-week low at $5.05-1/2. MGEX spring wheat closed higher.Funds hold a large net short position in CBOT wheat, leaving the market open to bouts of short-covering.But plentiful global stocks and weak export demand for US supplies continued to anchor prices.Egypt's main state grain buyer bought 240,000 tonnes of Russian and Romanian wheat in a tender for July 1-10 shipment. US wheat was seen as overpriced, and no US supplies were offered.The London-based International Grains Council raised its forecast for the 2015/16 global wheat crop to ...

Corn rebounds on short covering, bullish ethanol data CHICAGO: US corn futures on Thursday rebounded from a seven-month low after three days of declines in a short-covering bounce and following a government report showing higher ethanol output and lower stocks of the corn-based biofuel.Wheat futures were mixed as a weaker dollar and concerns about the outlook for crops in Russia kept a floor under the market, but sluggish US export demand continued to restrict gains. Soybeans drifted lower on rising global supplies and ...
Corn rebounds on short covering, lower ethanol stocks CHICAGO: US corn futures on Thursday rebounded from a seven-month low after three days of declines in a short-covering bounce and following a government report showing higher ethanol output and lower stocks of the corn-based biofuel.Wheat futures climbed after hitting a two-week low a day earlier, boosted by a weaker dollar and concerns about the outlook for crops in Russia, while soybeans were narrowly mixed."To see a little bit of buying at these levels is ...
Wheat struggles near two weeks low as supply pressure grows SINGAPORE: Chicago wheat futures were largely unchanged on Thursday with the market hovering near a two-week low as the US winter crop withstands heavy rains, boosting hopes of plentiful supplies.Soybeans rose for a second session as the market continued to recover from its lowest since early October on improved demand for soymeal.Chicago Board of Trade most-active wheat contract was flat at $4.87-3/4 a bushel by 0227 GMT, having closed down 1.2 percent on Wednesday when ...
CBOT corn down for 3rd day, nearing contract lows, on US crop conditions CHICAGO: Chicago Board of Trade corn futures on Wednesday declined for the third straight session to their lowest levels since early October, pressured by investment fund selling tied to favorable crop conditions in the United States, traders said.Most-active July corn fell as low as $3.48-3/4 per bushel, just above their contract low from October of $3.46-1/4. New-crop December corn fell to $3.66, less than 2 cents from matching its contract low of $3.64-1/4.Corn on a ...
CBOT wheat ends lower as fears of US crop losses abate CHICAGO: Wheat futures on the Chicago Board of Trade fell on Wednesday for a third straight session on technical selling and as fears abated about crop losses in the southern US Plains, traders said.A stronger dollar added pressure, threatening already-poor export prospects for US wheat amid ample global supplies.The US Department of Agriculture late Tuesday left its weekly US winter wheat condition ratings unchanged at 45 percent good-to-excellent, easing concerns about the impact of torrential ...
Gold steadies off two-week low as dollar rally loses steam NEW YORK/LONDON: Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a US rate increase may come soon. Spot gold was up 0.1 percent at $1,187.70 an ounce at 2:53 p.m. EDT (1853 GMT), after hitting $1,183.76 an ounce, the lowest since May 12. US gold futures for June delivery settled down $1.30 at ...

 



 
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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