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CBOT soybeans end lower on technicals, but soyoil soars  CHICAGO: Soybean futures on the Chicago Board of Trade erased early gains and closed down 1.2 percent on Wednesday, posting a one-month low on technical selling, while soyoil soared, traders said.   * Grains and soy turned lower as the US dollar index rallied amid fading euphoria over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts. A stronger dollar makes dollar-denominated commodities including soybeans less competitive on the world market.   * CBOT soyoil jumped nearly 3 percent, its biggest daily rise since August, after lawmakers included an extension of the $1 a gallon tax credit for soy-based biodiesel as part of their massive fiscal pact.   * CBOT March soymeal fell 3.3 percent, plunging below its 200-day moving average on the way to a one-month low, as traders unwound meal/oil spreads.   * Funds hold a large net short position in soyoil, leaving that market vulnerable to short-covering.   * Crop ...

US Cash Soymeal-Offers unchanged as cash prices fall  CHICAGO: Spot basis offers for soymeal held steady at US processors on Wednesday, with few deals being reported despite weakness in the futures market lowering cash prices, dealers said.   * Most end users, who have been buying only small amounts of soymeal in recent months, were waiting to see how far prices could fall before committing to new orders.   * Offers for US soymeal weakened on the export market, falling as much as $4 per ton due ...
ICE coffee soars after tumbling in 2012, Liffe cocoa drops  NEW YORK/LONDON: Arabica coffee futures on ICE soared more than 4 percent on Wednesday as the end of the US "fiscal cliff" crisis led investors to buy riskier assets and drew them to the worst performing commodity complex of 2012.   Sugar and cocoa markets on ICE Futures US climbed on support from firm outside markets including oil and copper. But Liffe cocoa futures sank to an 8-1/2 month low as supply prospects improved in West Africa.   The ...
NY cocoa climbs 6pc in 2012, drops 11pc in fourth quarter  NEW YORK: US cocoa futures finished 2012 on Monday with their first annual increase in three years, closing up 6 percent for the year as speculators held a large net long position despite ample supplies.   The benchmark March contract on ICE Futures US settled down $13 from the previous session to close at $2,236 per tonne, the spot contract's weakest settlement since July 25, on follow-through selling as the chart continued to weaken. It fell below ...
CHICAGO: Soymeal spot basis offers were quietly unchanged at US rail, truck and export markets on Monday as buyers remained on the sidelines ahead of Tuesday's New Year's Day holiday, dealers said.   * Lower prices for the animal feed did not entice any new buying as end users held out for further declines.   * Soymeal futures were on pace to increase more than 37 percent for the year, in the largest annual gain since 2007, but futures ...
NY coffee finishes 2012 down 36.6pc, weakest in 12 years  NEW YORK: Arabica coffee futures trading on ICE Futures US closed 2012 down 36.6 percent on Monday, their weakest yearly performance since 2000, giving them the position of the weakest performer on the Thomson Reuters-Jefferies CRB index by far.   Record global coffee production and a general resistance by producers in top grower Brazil to sell have weighed heavily on the market.   The benchmark March contract settled down 3.05 cents, or 2.1 percent, at $1.4380 per lb on ...
NY copper up 6pc in 2012; rallies on deal hopes  NEW YORK: US copper prices ended the year up 6 percent after a late rally on Monday amid hopes that US lawmakers were close to agreeing an 11th hour deal to prevent the world's largest economy from toppling over a "fiscal cliff".   Institutional investors also piled into the metal, a barometer for global industrial demand, hoping to bolster their books ahead of the year-end.   "This was window-dressing," said a trader of the late gains.   US March copper futures ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln