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US corn, soybean ratings seen unchanged from week ago after rains CHICAGO: Condition ratings for US corn and soybeans likely held steady in the latest week, supported by rains across the U.S. Midwest that helped bring the crops through late stages of development even as temperatures heated up, analysts said on Monday.Good-to-excellent ratings for soybeans were expected at 71 percent as of Aug. 24, according to the average of estimates in a Reuters poll of 11 analysts. The U.S. Agriculture Department will release its weekly crop progress and conditions report at 3 p.m. CDT (2000 GMT) on Monday.If realized, it would be the highest soybean ratings for late August since 1992, when the crop was rated 72 percent good- to-excellent.Corn ratings were seen at 72 percent good-to-excellent, a 20-year high for this time of year.Spring wheat ratings were seen down 1 percentage point, at 67 percent good-to-excellent.A year ago, corn was 59 percent good-to-excellent. USDA rated the soybean crop as 58 ...

Canada wheat, canola crops look large but off 2013 records WINNIPEG: Canadian farmers are set to harvest their second-largest wheat crop in six years and third-biggest canola crop ever, but output will fall far short of last year's record highs, a Reuters industry poll showed.Fifteen traders and analysts on average forecast all-wheat production at 28.5 million tonnes, down 24 percent from a year ago, when summer and autumn growing conditions were nearly perfect. Canola production is on track for 14.5 million tonnes, down 19 percent, ...
Corn dips as US harvest expected to top government outlook CHICAGO: US corn and soybean futures dipped on Wednesday on expectations that autumn harvests will exceed government forecasts due to favorable weather.Prices extended losses one day after the US Department of Agriculture issued a monthly report that projected smaller-than-expected production of both crops.Traders shrugged off the forecasts as too low because mild, wet weather has been nearly ideal for crops and farmers have reported gorgeous-looking crops in their fields.On Tuesday, the USDA pegged the US ...
 FOB Gulf Grain-Soybean offers firm on rising demand, corn higher CHICAGO: US FOB Gulf soybean basis offers were steady to higher on Wednesday on good demand for new-crop supplies and tight autumn export capacity, while corn premiums were firm and wheat offers were steady, traders said.Tight loading capacity for post-harvest shipment from the Gulf underpinned new-crop soy and corn basis values. October capacity was nearly sold out and November capacity is about three-quarters sold out due to heavy forward sales of soybeans and soy products, ...
US coffee traders face delays as suppliers haggle over price NEW YORK: US coffee traders say they face months-long delays in getting shipments as suppliers from Central America to Asia push to revise contracts, the latest sign that the meteoric rally in arabica futures earlier in the year has disrupted trading. At least one supplier is demanding customers fork out more cash for beans that were contracted before arabica prices nearly doubled in the first few months of the year as a long drought scorched ...
Soybeans rise as strong export sales fuel supply concerns CHICAGO: US soybean futures rose on Thursday as stronger-than-expected export sales re-ignited concerns about dwindling old-crop supplies.Corn futures advanced for the first time in four sessions, while wheat gained for the second straight session, bouncing from a four-month low set early on Wednesday.Strong demand for US soybeans lifted prices as the US Department of Agriculture reported export sales last week were 774,800 tonnes, above estimates for 250,000 to 550,000 tonnes. Within that total, sales of ...
Dry weather hasten Brazil sugar output, hurts maturing crop: Unica SAO PAULO: Brazil's main center-south cane crop produced 2.33 million tonnes of sugar in the first half of June, on the high end of market expectations and up from 2.03 million tonnes in late May, the main sugar and ethanol lobby Unica said on Wednesday.In its biweekly harvest report, Unica said clear weather over the past few weeks had helped sugar output in the center-south, which surpassed last year's output of 1.80 million tonnes during ...

 



 
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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
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WeeklyDecember 15, 2014
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