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NY cocoa to test resistance at $2,853 SINGAPORE: New York May cocoa is expected to test a resistance at $2.853 per tonne, as it has broken above a lower resistance at $2,835. These two resistances are respectively provided by the 114.6 percent and the 100 percent Fibonacci projection levels of a downward wave c. A break above $2,853 will open the way towards the next resistance at $2,869, the 86.4 percent level.The chance of such a break could be high, as indicated by a falling channel, the upper channel line of which points to $2,869.Support is at $2,835, the 114.6 percent level, a break below which could cause a further loss to $2,825, the 123.6 percent level.Copyright Reuters, 2015 ...

NY coffee to test support at $1.2855 SINGAPORE: New York May coffee is expected to test support at 1.2855 per lb, a break below which will lead to a further loss to $1.1930.The support is provided by the 86.4 percent Fibonacci projection level of a downward wave c, the third of a three-wave cycle that developed from the Oct. 13, 2014 high of $2.31. The next support will be at $1.1930, the 100 percent level. A drop to $1.2750 may confirm a ...
Wheat set for biggest weekly gain in 4 months, soy struggles SINGAPORE: Chicago wheat rose on Friday and the market was on track for its biggest weekly gain since November as adverse weather across the US grain belt prompted concern over a potential decline in yields.Soybeans were little changed after closing marginally lower as the market remained under pressure from rising Brazilian supplies and falling US exports.Chicago Board of Trade wheat has risen 5.4 percent this week, its biggest gain since mid-November, while soybeans have risen ...
Wheat extends rally on short-covering, US Plains dryness CHICAGO: US wheat futures rose for a fifth straight session to a 1-1/2 week high on Thursday on short-covering and worries over potential yield losses due to dry weather in parts of the U.S. Plains, analysts said.Corn was lower and soybeans were mixed in choppy trade, with both products retreating from early gains on disappointing weekly U.S. export sales data. However, a setback in the dollar underpinned the market.At the Chicago Board of Trade as ...
Robusta coffee at 13-month low, NY cocoa falls for 7th day NEW YORK/LONDON: Robusta coffee futures on ICE extended losses to a 13-month low on Thursday, on fund and technical selling, while chart-based selling pushed New York cocoa down in heavy volume for the seventh straight day.Raw sugar rose above the prior session's six-year low as the market consolidated despite the falling currency in Brazil, the world's biggest sugar producer, which attracted producer selling earlier this week.May robusta coffee closed down $52, or 2.9 percent, at ...
Gold steadies after 8 days losing streak as dollar retreats NEW YORK/LONDON: Gold steadied on Thursday as a retreat in the dollar from 12-year highs arrested its eight-session slide, though speculation that U.S. interest rates could rise sooner rather than later kept prices under pressure.The dollar fell from a fresh high in early U.S. trading on Thursday after a surprise drop in U.S. retail sales in February.Spot gold was up 0.05 percent at $1,154.65 an ounce at 2:23 p.m. EDT (1823 GMT), while U.S. gold ...
Brazil soy exports to rise after truck strikes SAO PAULO: Brazil's soybean exports will likely rise to more than 7 million tonnes in March with little risk of further disruption from truck strikes, analyst Pedro Dejnaka, managing partner of AGR Brasil, told the Thomson Reuters Global Ags Forum on Thursday.Truck traffic has been normal and soy stocks have been replenished at Brazilian ports since truck drivers lifted the final roadblocks of a two-week strike last week, Dejnaka said.In addition to depleting stocks at ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln