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Corn, soybeans firm after hitting multi-week lows; wheat weak CHICAGO: Chicago Board of Trade corn and soybean futures rose on Tuesday, supported by a round of bargain buying after prices for both commodities fell to their lowest levels since late June, traders said. Wheat remained weak, with the front-month contract on track for its sixth straight lower close on poor export demand for US supplies. Firm cash markets lent further support to corn and soybeans. Country movement has slowed in recent days as the weakness in the futures market cut into prices being offered to farmers. Concerns about crop development also supported corn and soybeans despite a US Agriculture Department report on Monday afternoon that showed crop ratings had stabilized in the most recent week. CBOT August soybeans were up 8 cents at $10.15-3/4 a bushel at 10:53 a.m. CBOT September corn was 3-1/4 cents higher at $4.08-1/4 a bushel. "The grains are favoring the high side this morning, ...

NY coffee to test resistance at $1.3030 SINGAPORE: New York Sept. coffee is expected to test a resistance at $1.3030 per lb, a break above which could lead to a gain to $1.3230.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the June 10 high of $1.41 to the July 7 low of $1.2365, blocking the way towards the 50 percent level at $1.3230.The pullback towards the 23.6 percent level at $1.2775 has completed and coffee is ...
Gold climbs from four-month low on Chinese recovery NEW YORK/LONDON: Gold pared gains on Thursday after climbing from the prior session's four-month low as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer while strength in the U.S. dollar kept a lid on gains.The gold market was subdued after minutes from the U.S. Federal Reserve's last meeting, released on Wednesday, suggested caution towards a near-term increase in interest rates.Spot gold was up 0.3 percent at $1,160.96 ...
NY coffee to test support at $1.2575 SINGAPORE: New York September coffee is expected to test support at $1.2575 per lb, with a good chance of breaking below this level and falling more towards the next support at $1.2375.These two supports are provided respectively by the 76.4 percent and the 86.4 percent Fibonacci projection levels of a wave c, the third of a three-wave cycle that developed from the May 19 high of $1.4625.The drop on July 1 has confirmed the extension ...
London cocoa makes about-turn from 2011 high, sugar falls NEW YORK/LONDON: London cocoa futures on ICE fell from the highest level in more than four years on Thursday, and the New York market dropped from a nine-month peak on profit-taking, while the white sugar premium over raws fell for the first time in 12 sessions.Raw sugar futures were mostly lower, with abundant supplies weighing on a market that headed back down toward last week's 6-1/2 year low after a short-lived rally. Arabica futures were ...
Corn, soy prices soar as storms drench US Midwest CHICAGO: US corn futures hit their highest level in two months and soybeans topped $10 a bushel on concerns about excessive rains in the Midwest curbing yield prospects, traders said.Wheat set a two-week high as the wet weather slowed the US soft red wheat harvest, while dry weather in Canada lent additional support.At the Chicago Board of Trade as of 12:42 p.m. CDT (1742 GMT), July corn was up 7-1/2 cents at $3.74 a bushel ...
Wheat hits 2-week high as US weather woes lift grain complex CHICAGO: US wheat futures climbed to a two-week high on Wednesday as concerns about poor weather in the US Midwest, Western Europe and Canada prompted a round of fund-driven short-covering, traders said.Corn and soybeans also advanced, rallying from early declines on unwanted rains in the Midwest that hurt yield prospects.At the Chicago Board of Trade at 12:31 p.m. CDT (1731 GMT), July wheat was up 6-3/4 cents at $5.28-1/4 a bushel after reaching $5.30, its ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln