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US wheat hits 14-month high on Plains drought, heat outlook CHICAGO: US wheat futures surged 2 percent to their highest levels in more than a year on Friday, bolstered by concerns of drought-reduced production in the southern Plains, where triple-digit temperatures could bake the crop this weekend.Corn extended losses after a tumble on Thursday tied to investor profit-taking and improving conditions for spring plantings in the US Midwest, while soybeans were slightly higher in a bargain-buying bounce following their largest declines since September.Temperatures in Kansas, Texas and Oklahoma were forecast to rise as high as 100 degrees Fahrenheit (38 degrees Celsius) from Sunday through Wednesday, according to the Commodity Weather Group, potentially damaging a hard red winter wheat crop already suffering from severe drought.An annual crop tour of top-growing state of Kansas on Thursday estimated the poorest production prospects in more than a decade, while Informa Economics on Friday slashed its US winter wheat crop estimate by 120 million bushels ...

US sells 101,600 tonnes corn to unknown for 2013/14 WASHINGTON: Private exporters reported the sale of 101,600 tonnes of US corn to unknown destinations for delivery in 2013/14, which started on Sept. 1, the US Department of Agriculture said on Friday. By law, exporters must report promptly the sale of 100,000 tonnes or more of a commodity, or 20,000 tonnes of soyoil, to the same destination in one day. Sales of smaller amounts are reported on a weekly basis.Copyright Reuters, 2014 ...
ICE coffee prices fall back, commercial buying lifts cocoa NEW YORK/LONDON: Arabica coffee futures on ICE fell in thin dealings on Wednesday, as investors took profit from the previous session's five percent surge, while cocoa rose on commercial buying.Raw sugar contracts on ICE Futures U.S. were also firm but well off session highs following bearish output data from top grower Brazil, while traders focused on the May contract expiry later in the day.July arabica coffee futures on ICE finished down 6.05 cents, or 2.9 ...
Corn dips from 3-week high as soybeans fall, wheat rises CHICAGO: US corn fell on Wednesday, snapping four sessions of gains, as the stockpile of grain-based ethanol hit a nine-month high and meteorologists forecast more favorable conditions for US plantings.Soybean futures also eased, while wheat reversed earlier declines to notch the seventh straight session without a loss at the Chicago Board of Trade.End-of-the-month profit-taking weighed on each contract, while commercial traders also squared positions on the first notice day for deliveries against May futures contracts."The ...
Wheat futures rally; K.C. hard red winter hits 13-1/2-month high CHICAGO: US wheat futures rallied on Wednesday, with K.C. hard red winter wheat climbing 1.3 percent to its highest level since March 2013, on reports of poor crop conditions in Kansas fields, traders said.K.C. wheat, which has risen 10.3 percent during seven consecutive positive trading sessions, led MGEX spring wheat and Chicago Board of Trade soft red winter wheat higher.The Wheat Quality Council's annual tour of Kansas showed yield prospects for the crop in the ...
CBOT soybeans close mostly lower but front-month firm CHICAGO: Chicago Board of Trade soybean futures closed mostly lower on Wednesday on a mild profit-taking setback following a four-day rally, traders said.Weakening overseas demand for US soybeans also weighed on prices.Traders noted some unwinding of bull spreads as the closely watched July-November spread neared its all-time high before giving up 3-1/2 cents during Wednesday's session.Although most soybean contracts closed lower, CBOT May , which is in the delivery period, rose 4-3/4 cents. The thinly ...
ICE May sugar delivery to exceed 800,000 tonnes: traders NEW YORK: The ICE May raw sugar delivery is estimated at more than 800,000 tonnes, reaching the high end of estimates, and coming primarily from the world's biggest producer, Brazil, traders said on Wednesday.Traders said the delivery will be 16,000-16,197 lots, or 800,000-822,845 tonnes, with one trade house taking the entire delivery.Most of the sugar will come from Brazil while roughly 15,000 tonnes will come from Honduras and about 8,900 tonnes from Guatemala, they said.ICE ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln