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CBOT wheat ends lower as fears of US crop losses abate CHICAGO: Wheat futures on the Chicago Board of Trade fell on Wednesday for a third straight session on technical selling and as fears abated about crop losses in the southern US Plains, traders said.A stronger dollar added pressure, threatening already-poor export prospects for US wheat amid ample global supplies.The US Department of Agriculture late Tuesday left its weekly US winter wheat condition ratings unchanged at 45 percent good-to-excellent, easing concerns about the impact of torrential rains and flooding in the southern Plains. However, crop quality remains a concern.USDA rated 69 percent of the US spring wheat crop as good to excellent, up from 65 percent the previous week.CBOT July wheat fell to a near two-week low overnight at $4.82 before paring losses. The contract settled below most key moving averages.K.C. hard red winter and MGEX spring wheat futures also ended lower, with K.C. wheat posting the biggest declines.Russia may harvest ...

Gold steadies off two-week low as dollar rally loses steam NEW YORK/LONDON: Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a US rate increase may come soon. Spot gold was up 0.1 percent at $1,187.70 an ounce at 2:53 p.m. EDT (1853 GMT), after hitting $1,183.76 an ounce, the lowest since May 12. US gold futures for June delivery settled down $1.30 at ...
Wheat struggles near 2 weeks low on rapid US crop development SINGAPORE: Chicago wheat hovered near a two-week low on Wednesday, pressured by a US government report pegging crop conditions above market expectations.Soybeans remained near their lowest since early October, while corn ticked higher as the market took a breather after suffering two sessions of deep losses.Chicago Board of Trade's most-active wheat contract was unchanged at $4.93-1/2 a bushel by 0255 GMT, after sliding 4.2 percent on Tuesday.Soybeans rose 0.1 percent to $9.23-3/4 a bushel, having ...
Sugar at 8-week low, robustas at 1-1/2-year low on firm dollar NEW YORK/LONDON: Raw sugar futures fell more than 2 percent to an eight-week low on Tuesday as the Brazilian currency sank against the US dollar, while robusta coffee futures fell for a fifth straight day and reached a 1-1/2-year low on rains in Vietnam. The rallying greenback also weighed on coffee prices, pressuring arabica to the lowest level since January 2014, while also hitting New York cocoa. Volume was heavy as traders returned from a ...
CBOT soybeans extend losing streak to five sessions CHICAGO: Chicago Board of Trade soybean futures fell for the fifth straight session on Tuesday as the planting of what is forecast to be the largest amount of US soy acreage ever was seen ahead of schedule, traders said.Ample global supplies also weighed on prices.Contract lows for soybeans were set across the board.Soymeal futures weakened while soyoil strengthened due to the unwinding of long soymeal/short soyoil spreads, traders said.CBOT July soyoil rallied through technical resistance ...
CBOT corn lowest since October as wheat falls, dollar rises CHICAGO: Chicago Board of Trade corn futures fell more than 1 percent to the lowest levels since October on Tuesday, pressured by a higher dollar and a 4 percent tumble in wheat futures, traders said.Chart-based selling also was noted while analysts expected the US Department of Agriculture later on Monday to show that spring plantings were nearly complete and corn crop conditions overall were favorable.Most-active CBOT July corn fell to $3.54 per bushel, lowest since ...
Gold drops almost 2pc as dollar rally continues NEW YORK/LONDON: Gold dipped almost 2 percent on Tuesday as the dollar extended gains following a raft of strong US data and recent comments from Federal Reserve Chair Janet Yellen that reinforced the central bank's tightening bias on monetary policy.Spot gold dropped to a two-week low of $1,185.35 an ounce earlier and was down 1.7 percent at $1,186.90 by 2:19 p.m. EDT (1819 GMT), its biggest drop since April 30. US gold futures for June ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln