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Soy bids flat-mixed; cold spell slows deliveries CHICAGO: Cash basis bids for soybeans were steady to narrowly mixed around the US Midwest on Wednesday as extremely cold temperatures gripped much of region slowing deliveries and keeping farmer sales light, dealers said.Some farmers rescheduled soybean deliveries due to hazardous road conditions. Many processors have their short-term needs covered, and crushing pace should not be immediately impacted by weather-induced delays, dealers said.Storms are forecast to bring 1 to 6 inches (2.5 to 15.2 cm) of snow to the US Midwest late this week while temperatures moderate slightly after a bitter cold spell, an agricultural meteorologist said Wednesday.A closely followed processor in Decatur, Illinois, lowered its soybean bid by 5 cents per bushel to 15 cents over the CBOT March contract. A soybean bid at a Davenport, Iowa, terminal on the Mississippi River was lowered by 2 cents per bushel.Soybean bids rose by 3 cents per bushel at an Illinois ...

Walmart tightens rules in China after fox meat scare WASHINGTON: Walmart said on Wednesday it will tighten inspections on its suppliers in China after it was forced to recall donkey meat products that had been found to contain fox. The US company, the world's largest retailer, said it would also change its rules in China to ensure that meat shipments are properly documented before they hit the shelves.On January 2, Walmart recalled donkey meat from some Chinese stores after tests found traces of other ...
Gold prices firm ahead of Fed as equities retreat NEW YORK: Gold rose on Wednesday as a drop in global equities, slumping emerging-market currencies and jitters over an upcoming policy statement by the US Federal Reserve lifted its safe-haven appeal.The precious metal recovered losses made earlier in the session as a rally in stock markets that started on Tuesday ran out of steam and a recovery in emerging markets proved to be short-lived, analysts said.Turmoil in emerging markets and a month of disappointing job ...
Soy rises on US export data, cold boosts corn CHICAGO: US soybean futures rose on Monday after government data showed larger-than-expected export shipments of the beans and as rains slowed the early soy harvest in top producer Brazil, traders and analysts said.Corn also was higher at the Chicago Board of Trade as bitter cold gripped much of the United States, supporting the cash market and stoking concerns about late spring plantings.Brutal cold returned to the US Midwest, complicating the movement of grain and livestock ...
Argentine soy paralyzed by peso uncertainty; farmers hoard beans BUENOS AIRES: Argentina's closing soy prices and trends on Friday:Trade was nil in the Rosario grains market, where soy closed at 2,235 pesos per tonne on Wednesday, the last day that the oilseed traded in the South American country.Argentine soybean farmers are registering their lack of faith in the country's peso currency by hoarding beans even as the local futures market shows a clear drop in the price of the oilseed for delivery in the ...
CBOT corn closes firm; cash market supportive CHICAGO: US corn futures edged higher on Wednesday on support from a firm cash market and some technical buying, traders said.The benchmark Chicago Board of Trade March corn contract found technical support near their 10-day moving average of $4.25 a bushel.Prices hit a one-week high early in the session but the contract ran into resistance at its 50-day moving average of $4.29 a bushel.Private exporters reported the sale of 105,664 tonnes of US corn to ...
CBOT wheat dips; KC, MGEX contracts firm on export demand CHICAGO: Jan US wheat futures were mixed on Wednesday, with high-protein hard red winter wheat and spring wheat contracts rising while soft wheat prices sagged.KC hard red winter wheat futures posted the biggest gains, with the March contract rising 4 cents as export demand picked up.Prices for Chicago Board of Trade soft red winter wheat were consolidating near its 3-1/2 year low of $5.60-1/2 a bushel. The benchmark contract traded as low as $5.60-3/4 on ...

 



 
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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