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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 an early dip sparked some fund buying, traders said.Wheat notched the biggest losses, falling 2.6 percent and hitting its lowest in nearly three weeks."Wheat is lower across the board as large global supplies are weighing on prices," said Sterling Smith, futures specialist with Citigroup. "The large gains seen in recent months in the US futures market has priced US wheat out of the market and we are going to need to see a correction to ...

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 ...
Soy hits 1-month low as demand slows; corn, wheat fall too CHICAGO: US soybean futures fell to a one-month low on Wednesday as slowing export demand and big harvests in South America prompted a round of long liquidation, traders said.Wheat futures also dropped, taking a breather after reaching the highest levels in more than a year, and corn was lower as well.At the Chicago Board of Trade, benchmark July soybeans settled down 13-1/4 cents at $14.46-1/4 per bushel, after falling to $14.41-3/4, their lowest since April ...
U.S. cotton down most in a month ahead of exports data, USDA report NEW YORK: U.S. cotton futures tumbled nearly 2 percent on Wednesday, the most in a month, as investors and traders turned cautious ahead of exports data and the first official reading of full supply demand for the 2014/15 season.Weekly data on net upland sales of all U.S. cotton will be released on Thursday. On Friday, the U.S. Department of Agriculture will issue a monthly report that features its first full forecast for the cotton season ...
CBOT corn up nearly 2pc on technical buying, rain forecast CHICAGO: US corn futures jumped nearly 2 percent on Tuesday, capping the largest two-day rally in prices in two months on support from technical buying and ideas rains in the coming days will delay plantings, traders said.Surging wheat futures amid drought conditions in the southern US Plains and unwinding of soybean-corn spreads also lifted corn futures that recovered most of their declines during a three-session selloff last week.Additionally supportive was a lack of deliveries against ...
Honduras coffee exports edge down in April TEGUCIGALPA: Coffee exports from Honduras, Central America's largest producer, fell 1.5 percent in April from the same month last year, national coffee institute IHCAFE said on Monday. Central America's five major coffee producers, along with Mexico, are grappling with damage caused by the tree-killing fungus roya, which has depressed yields across the coffee-growing region. Shipments from Honduras totaled 580,284 60-kilogram bags for the month. Coffee exports during the first seven months of the 2013/2014 harvesting ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln