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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 at its 40-, 50- and 100-day moving averages, shrugging off weakness in the crude oil market.CBOT July soymeal closed near session lows.Analysts were expecting a US Department of Agriculture report on Tuesday afternoon to show that US soybean planting was 61 percent complete. The five-year average for late May is 55 percent. Copyright Reuters, 2015 ...

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 ...
CBOT wheat falls 4 pct on strong dollar, technical selling CHICAGO: Wheat futures on the Chicago Board of Trade fell more than 4 percent on Tuesday, with front-month July dropping below $5 a bushel as a stronger dollar triggered technical selling and threatened to further dim US export prospects.The dollar rose more than 1 percent against other major currencies, driven by increasing expectations the Federal Reserve will start raising US interest rates in 2015.Sell-stops were triggered in CBOT July wheat as the contract fell below ...
Brazil 2015/16 coffee crop forecast at 47.28mn bags PAULO: Brazil's 2015/2016 coffee harvest now underway is expected to yield 47.28 million 60-kg bags, unchanged from the previous estimate in February, coffee exporter Terra Forte said on Tuesday. The exporter put Brazil's 2014/15 harvest at 46.78 million bags. The local coffee belt has been struggling with the effects of a severe drought that began in early 2014. Rains have since begun to normalize but coffee trees are still recovering. Terra Forte's estimate falls in ...
Wheat up as heavy rains stoke US crop damage concerns SINGAPORE: Chicago wheat futures edged up on Tuesday, rising for three out of four sessions, underpinned as heavy rains in parts of the US Plains stoked concerns over crop damage.Soybeans ticked up but prices were not far from their lowest in nearly eight months, hit in the previous session, as near-perfect weather aids crop development in the US Midwest.The Chicago Board of Trade most-active wheat contract climbed 0.3 percent to $5.17 a bushel, having closed ...
Arabica takes biggest fall since March, cocoa at 7 month high NEW YORK/LONDON: Arabica coffee futures on ICE sank more than 5 percent in heavy volume on Thursday, marking their biggest tumble in 2-1/2 months after an influential trade house raised its global production forecast and technical sell signals were triggered. Cocoa futures resumed their rally, reaching the highest levels in more then seven months, with gains in the New York market as the British pound soared against the dollar. Raw sugar futures fell for the ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln