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ICE cotton sets 3-1/2-week high on strong weekly U.S. export data NEW YORK: ICE cotton rose on Thursday after weekly U.S. government data showed Chinese buyers purchased the most bales since January, easing worries over slowing demand in the world's top consumer and reinforcing concerns over tight nearby U.S. supplies. The second-month July cotton contract on ICE Futures U.S. closed up 0.56 cent, or 0.6 percent, at 93.20 cents a lb after setting a 3-1/2-week high of 93.52 cents.Total open interest fell to 169,443 lots on Wednesday, down by almost 5,400 lots from the previous session to the lowest level in over a month, ICE data showed on Thursday.The sharp drop was seen as evidence of long liquidation that pressured prices to Wednesday's one-week low.U.S. exporters booked 124,100 running bales of upland cotton in the week ended April 17, U.S. Agriculture Department (USDA) data showed on Thursday.That was the most sales to China since late January, according to government data reviewed ...

CBOT corn edges lower on profit-taking after 2-week high CHICAGO: US corn futures were narrowly lower on Thursday, pressured by profit-taking and light technical selling after prices climbed to more than a two-week high earlier in the trading session, traders said.Traders also were positioning ahead of Friday's last trading day for Chicago Board of Trade May corn options, with large open interest in calls at the strike prices of $4.90 and $5.00 per bushel.Concerns that rains forecast in the Corn Belt in the next ...
CBOT soybeans firm as bargain buyers enter market CHICAGO: Chicago Board of Trade soybean futures rose on Thursday on a round of bargain buying after prices fell 3.3 percent during four straight days of losses, traders said.Prices for the benchmark Chicago Board of Trade May contract found support at the 23.6 percent point on a Fibonacci retracement from its rally to contract highs hit last week.CBOT soybeans closed just below their intraday highs, a bullish sign.The US Agriculture Department said on Thursday morning ...
CBOT wheat closes higher for third day in a row CHICAGO: US wheat futures rose 2.1 percent to a one-week high on Thursday as dry conditions in the US Plains and concerns about violence in major exporter Ukraine sparked a round of short covering, traders said.The benchmark Chicago Board of Trade May soft red winter wheat contract rallied through technical resistance at its 30-day moving average.MGEX May spring wheat also broke through its 30-day moving averages. Traders said that MGEX spring contracts received support from ...
Sugar falls from three-week peak on profit-taking, coffee up NEW YORK/LONDON: Raw sugar futures turned lower after tapping a three-week high on Thursday, as investors grabbed profits following a rally spurred by a 2014/15 crop forecast that raised concerns about production.Arabica coffee futures on ICE Futures U.S. turned higher late in the session on late-day buying and after another bullish forecast for top grower Brazil's drought-damaged 2014/15 crop helped lift the market off its lows. Cocoa futures on both ICE and Liffe fell.May raw ...
Beef regains top spot in U.S. meat export earnings: Maguire CHICAGO: Beef became the most valuable U.S. meat export for the first time in a decade in 2013, with the $6 billion in trade receipts up more than 12 percent from the year before and greater than those for pork and poultry.Actual shipped quantities of beef were only 3.6 percent higher on the year, so the chief driver of the rise in receipts was higher overall beef prices, which hit record highs on the back ...
Gold turns higher on Ukraine worries, options buying NEW YORK/LONDON: Gold rose on Thursday as rising geopolitical tensions and options-related buying helped reverse the precious metal's early sharp losses after it fell to a 2-1/2 month low.Bullion prices were underpinned after Ukrainian forces killed up to five pro-Moscow rebels as they closed in on the separatists' military stronghold in the east.Gold rose as much as 1.1 percent to near $1,300 an ounce near 10 a.m EDT (1400 GMT), with U.S. gold futures logging ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln