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Soybeans slide, corn firms in pre-holiday consolidation CHICAGO: US soybean futures eased on Friday as investors unwound spreads and squared positions ahead of the Memorial Day holiday weekend, but the market remained poised for its strongest weekly advance in five weeks. Wheat fell for the fourth straight day and hit a 10-1/2 week low on weak demand and abundant global supplies. Corn firmed on bargain buying and as traders unwound long soybean and short corn spreads.Trading volumes were light ahead of the weekend, with Chicago Board of Trade futures markets closed on Monday for the US holiday. "We're seeing some pretty quiet pre-holiday trade, which was expected," said Frank Laplaca, vice president of commodities for Futures International in Chicago. "Traders are taking some money off the table going into the weekend." CBOT July soybeans fell 3-1/4 cents, or 0.2 percent, to $15.15-1/2 per bushel by 10:48 a.m. CDT (1548 GMT) after hitting a contract high of $15.36-3/4 ...

Soybeans rebound on tight U.S. stocks, persistent demand CHICAGO: US soybean futures jumped more than 1 percent on Wednesday in a bargain-buying bounce from the prior session's steep declines and on concerns about tight U.S. supplies ahead of the autumn harvest.Corn futures were mixed after sinking to an 11-week low earlier in the session, weighed down by this week's rapid U.S. planting pace and adequate old-crop supplies.Wheat fell for a 10th session out of 11, with plentiful global supplies giving stiff competition to ...
CBOT corn falls to 10-week low CHICAGO: US corn futures declined for the fifth straight session on Tuesday, falling to the lowest level in 10 weeks as favourable growing conditions in the Midwestern crop belt prompted investors to liquidate long positions, traders said.Most-active Chicago Board of Trade July corn futures reversed from earlier gains and set new lows in the final minute of trading. Futures also tested the 200-day moving average of about $4.73 per bushel the last major moving average ...
Corn drops to 10-week low on good Midwest planting weather CHICAGO: US corn futures eased for a fourth straight session on Monday and dipped to their lowest level since March as periods of warm, dry weather this week should accelerate planting across the Midwest following weeks of rain delays and unseasonable cold.Chicago wheat futures fell for the ninth consecutive session and hit a one-month low on improving crop weather in the US Plains, sluggish export demand and easing tensions in major grain exporter Ukraine.Soybeans firmed ...
US wheat falls on supply glut, pulls corn lower CHICAGO: US wheat futures fell for the sixth day in a row on Wednesday, extending a losing streak during which the benchmark contract has shed 6.6 percent of its value because of ample global stocks and waning demand for US supplies.Corn also was weak, pressured by the drop in the wheat market as well as active planting of the US crop and technical selling.Soybeans firmed, closing higher on firm cash markets and bargain buying after ...
Peru says coffee output could rise 15pc in 2014 on higher prices LIMA: Coffee output in Peru could grow by 15 percent this year as farmers boost planting in a bid to cash in on prices that have risen on the back of a historic drought in Brazil, the agriculture ministry said on Friday.Output in Peru could reach about 300,000 tonnes this year, up from some 260,000 tonnes produced in last year's fungus-hit harvest, said Jorge Figueroa, a coffee specialist with the agriculture ministry.The ministry previously forecast ...
Colombian farmers reach deal to end 11-day strike BOGOTA: Colombian farmers agreed on Friday to halt an 11-day strike that had threatened to damage President Juan Manuel Santos's re-election campaign with just over two weeks left before the election.Farmer groups, who were protesting poor adherence to a deal reached after mass demonstrations last year, have agreed to end the strike in exchange for government help in reducing costs and increasing productivity, as well as what a statement described as a direct channel of ...


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Foreign Debt $61.805bn
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