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US soy, corn futures rise; wheat dips on supply glut CHICAGO: US soybean futures firmed on Monday on a bargain-buying rebound after hitting their lowest in more than four years, but gains were kept in check by expectations of a record US harvest this fall, traders said.Corn futures also were higher, with short-covering and technical buying featured as prices hovered near contract lows. Wheat slipped, with plentiful global supplies and low demand for US offerings on the export market sending prices to the lowest since 2010.The front-month Chicago Board of Trade soft red winter wheat contract settled below $5.00 a bushel for the first time since July 6, 2010. Benchmark CBOT December wheat has shed 6.5 percent during a six session losing streak.Soybean and corn futures received additional support from some harvest delays due to wet fields in key growing areas.But huge supplies were expected once harvest gears up in the coming weeks, particularly after a drop to freezing temperatures ...

ICE cotton pares losses after USDA cuts US output outlook NEW YORK: Cotton futures pared losses on Thursday after the U.S. government cut its 2014/15 U.S. crop forecast in its monthly supply-demand forecast by more than many anticipated.The most-active December cotton contract on ICE Futures U.S. was down 0.12 cent, or 0.2 percent, at 67.02 cents a lb by 12:12 p.m. EDT (1612 GMT) in choppy trade following the report.The U.S. Agriculture Department (USDA) projected domestic output at 16.5 million 480-lb bales during the 2014/15 ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Soy rises from contract low hit ahead of US crop report CHICAGO: New-crop US soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections.Wheat also notched a contract low, weighed down by plentiful global supplies.Prices for corn and soybeans rose from their lows as traders bought back previously sold positions before the US Department of Agriculture issues monthly supply/demand and production ...
Argentina 2014/15 corn planting area seen shrinking 16pc BUENOS AIRES: Argentina's farmers will reduce the country's corn planting area for the 2014/15 season by 16 percent compared with the previous season as high inflation fuels production costs, the Rosario grains exchange said on Tuesday. The Rosario exchange estimated farmers in the world's No. 3 supplier of corn would sow 3.7 million hectares (9.1 million acres) of corn, down 700,000 from the 2013/14 season. The exchange also confirmed its estimate for Argentina's 2014/15 wheat ...
Arabica coffee eases, ICE cocoa falls for 5th straight day NEW YORK: Arabica coffee futures on ICE dipped on Monday as short-term traders took profits, but losses were limited by concerns about top grower Brazil's output, while cocoa fell for the fifth straight session along with the sterling currency. Raw sugar futures on ICE Futures US were little changed after inching down to the lowest level in more than seven months on abundant supplies. December arabica coffee was down 2.60 cents, or 1.3 percent, at ...
US corn, soy conditions seen steady with week ago CHICAGO: US corn and soybean conditions are seen steady with the previous week and historically high given mild crop weather across the Midwest last week, analysts said on Monday ahead of the release of the government's weekly crop report.The U.S. Department of Agriculture will issue its weekly crop progress report at 4 p.m. EDT (2000 GMT).Analysts polled by Reuters on average forecast that USDA will rate 74 percent of the corn crop as good to ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln