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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 that US export sales of soybeans for the 2013/14 crop year were 800 tonnes in the week ended April 17, the lowest of the marketing year and in line with market expectations for -200,000 to 100,000 tonnes.New-crop export sales of soybeans were 118,200 tonnes, below trade forecasts for 350,000 to 550,000 tonnes.On the cash market, basis bids for soybeans shipped by barge to the US Gulf tumbled 5 to 10 cents per bushel, pressured by ...

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 ...
CBOT soybeans fall; new crop rises on spread unwinding  CHICAGO: US soybean futures were mixed on Wednesday, with old-crop contracts falling while new-crop months gained on unwinding of bull spreads, traders said.Chinese cancellations of soybean purchases pressured nearby months in anticipation of an easing of the tight stocks situation in the United States.The closely watched Chicago Board of Trade July-November soybean spread has narrowed by 35-1/4 cents since widening to a record $2.71-1/2 on April 16.New-crop November rose 13-1/4 cents during Wednesday's session while ...
CBOT wheat rises on gains in corn market CHICAGO: US wheat futures rose on Wednesday, following corn prices higher after starting the trading day in negative territory, traders said.The benchmark Chicago Board of Trade May soft red winter wheat contract found support after dropping below its 40-day moving average.MGEX spring wheat and KC hard red winter wheat also turned higher falling early in the trading day.Analysts were expecting a US Agriculture Department report on Thursday morning to show that old-crop export sales of ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln