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Chicago wheat futures fall on US export concerns LONDON: Chicago wheat futures were lower on Thursday weighed down by concerns that U.S. supplies are seen as too expensive by major buyers such as top importer Egypt.U.S. corn futures were barely changed while soybeans edged higher, recouping some of the prior session's losses.Chicago Board of Trade March wheat futures were off 0.6 percent at $5.24-3/4 a bushel by 1115 GMT after falling by more than one percent on Wednesday.Egypt's Trade Ministry said on Thursday it had extended for six months a decision to allow imported wheat to have moisture levels of up to 13.5 percent.The move is expected to boost the outlook for French exports and comes a day after Egypt cancelled a tender to buy U.S. wheat saying offered prices were exaggerated."There are thus growing fears on the market that U.S. wheat is not competitive because of its high price, meaning that the price must fall," Commerzbank said ...

Prices advance on outlook for decline in US plantings CHICAGO: US grain and soybean futures jumped on Thursday after the Agriculture Department projected farmers will plant fewer acres than some traders expected in response to falling prices.The US Department of Agriculture, in data released at an annual Agricultural Outlook conference, projected 2015-16 soybean plantings at 83.5 million acres, down slightly from 83.7 million in 2014-15. The government estimated US corn plantings at 89 million acres, down from 90.6 million in 2014-15.Traders had widely been ...
Wheat steady, early gains pared as US exports deemed too expensive SYDNEY: US wheat futures held steady on Thursday after dropping back from early gains as US supplies were seen as too expensive. Trading was light with many Asian markets closed.Corn rose for the third time in four sessions, while soybeans were little changed.Chicago Board of Trade March wheat futures were flat at $5.27-3/4 a bushel, after having edged slightly higher in early trading. Wheat had closed down 1.3 percent on Wednesday.Traders and analysts said prices ...
Wheat tumbles 2pc after Egypt cancels US tender CHICAGO: US wheat futures tumbled as much as 2 percent on Wednesday, heading for their biggest daily losses in two weeks after top global wheat importer Egypt cancelled a tender seeking supplies from the United States.Overbought technical conditions also pressured prices, with corn and soybeans each falling more than 1 percent at the Chicago Board of Trade."When you have an oversupply or a strong supply, the path of least resistance is lower," Jefferies Bache analyst ...
Arabicas fall to 1-year low, raw sugar falls near 15 cents NEW YORK/LONDON: Arabica coffee futures on ICE extended losses and fell to a one-year low in heavy chart-based selling on Wednesday, while raw sugar futures turned lower but remained near the psychological 15-cent level as top grower Brazil returned to the market.New York cocoa rose for the 11th straight session to a five-week high on a combination of short-covering and fresh buying.Arabica coffee futures on ICE fell for the third straight day after sliding as ...
CBOT soybeans set back after rally CHICAGO: US soybean futures fell on Wednesday, pressured by a round of profit-taking after prices surged through the key $10 a bushel level on Tuesday, traders said. Analysts and traders were expecting the US Agriculture Department to forecast huge domestic soybean plantings, which will add even more soy to the already ample global balance sheet, at its annual outlook conference on Thursday.Soymeal and soyoil futures also fell. Dealers said the cash market for soyoil had ...
CBOT wheat falls after Egypt cancels tender CHICAGO: Chicago Board of Trade wheat fell 1.2 percent on Wednesday after Egypt backed out of plans to import U.S. supplies, traders said.K.C. hard red winter wheat shed 2.5 percent and MGEX spring wheat dropped 1.2 percent.Egypt's state grain buyer canceled a tender to buy U.S. wheat due to high prices.The move underlined how U.S. wheat was not competitive with offerings from other countries to win business from overseas buyers.Some concerns about sub-zero temperatures damaging ...

 



 
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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%
MonthlyDecember
Trade Balance $-1.703 bln
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WeeklyFebruary 26, 2015
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