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Corn bids ease after sales, soy basis holds CHICAGO: Corn cash basis bids were steady to lower at US Midwest processors and ethanol plants on Friday after the spike in futures to a five-month high triggered a round of farmer selling, grain merchants said.Bids for the yellow grain also declined along the Illinois River, erasing gains in the basis seen on Thursday.Chicago Board of Trade corn futures jumped to the highest levels since September this week, lifted by investment fund buying. Futures climbed above the target price of $4.50 per bushel in many areas, sparking sales at that level.The corn basis declined by 2 cents per bushel to the lowest level seen so far in 2014 at a closely watched processor in Decatur, Illinois, while bids eased for the third time this week in Blair, Nebraska.There was a steady stream of farmer deliveries in parts of the western Midwest, where snow and heavy winds stalled country movement earlier ...

Soy offers flat on thin spot supply, light demand CHICAGO: Soybean export premiums at the US Gulf Coast held steady on Friday amid tight old-crop stocks and light demand for near-term shipments, traders said.Top soybean importer China is booking mostly South American shipments, which are offered at a large discount to US prices through October.Chinese importers canceled several cargoes of US soybeans last week and US shipments to all destinations fell to the lowest point since October, USDA said.Few US soybeans were offered for ...
US corn, soybean 2014 planting estimates CHICAGO: The US Department of Agriculture at its annual outlook conference in Washington this week will release projections for plantings of major US crops for 2014.The USDA outlook forum started on Thursday at 8 a.m. EST (1300 GMT). Joseph Glauber, the USDA's chief economist, begins his presentation at about 8:20 a.m. on Thursday. The government will release its complete set of US crop estimates, including ending stocks forecast, at 7 a.m. EST on Friday.Copyright Reuters, ...
Gold falls after tame inflation data; Fed minutes eyed NEW YORK: Gold fell on Wednesday as muted US producer prices triggered selling ahead of the release of the closely watched minutes of the US Federal Reserve's January meeting. A Labor Department report showing little sign of price increases at the factory gate weighed on bullion's inflation-hedge appeal.Separate economic data that showed US housing starts posted their biggest drop in almost three years also failed to lift gold.Gold gained 3 percent over three straight sessions ...
Soybeans hit 5-month peak on firm soyoil, S.America weather CHICAGO: US soybean futures surged to a five-month high on Tuesday on robust demand and concerns about smaller crops in key exporters Brazil and Argentina due to adverse weather.Short covering lifted wheat for a third straight session amid strong cash prices and tight domestic stocks following stronger-than-anticipated export demand this season.Corn prices firmed on spillover support from rallying soybeans, but abundant supplies following a record-large US harvest anchored the market."The US grain trade has been ...
ICE raises reasonability limit levels for coffee futures WINNIPEG: ICE Futures U.S. said on Tuesday it will increase the reasonability limit for Coffee (C) futures contract to 375 points, effective with the start of trading for Wednesday, Feb. 19.Under the exchange's error policy, the reasonability limit (RL) for a product establishes a maximum range within which market orders may be executed, ICE saidAny residual volume on a market order that cannot be executed within the RL range will be canceled."With this change to ...
General Mills shopping for food deals in emerging markets BOCA RATON: US packaged foods group General Mills is looking to expand its business in faster-growing emerging markets, it said on Tuesday, as growth in its home market remains weak. "We continue to look at tuck-in opportunities around the world," Chief Executive Ken Powell said on Tuesday at a conference in Boca Raton, Florida. The company behind Yoplait yogurt, Cheerios cereal and Haagen-Dazs ice cream said it was "actively investigating" expansion opportunities in India, Indonesia, ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
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MonthlyFebruary
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WeeklyApril 14, 2014
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