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US wheat futures fall as dollar rises  CHICAGO: US wheat futures fell on Wednesday, pressured by a firm dollar that makes commodities less attractive as a hedge against inflation and further chills demand for US supplies on the export market, traders said.   * The benchmark Chicago Board of Trade March soft red winter wheat contract closed just 1 cent above its intraday low of $7.45 a bushel.   * US Agriculture Department report Thursday morning expected to show weekly export sales of wheat between 325,000 and 425,000 tonnes, compared with 402,500 tonnes a week ago.   * Crop forecaster Lanworth sees US winter wheat seedings for the 2013/14 crop year at 44 million acres. Lanworth lowered its estimate of US wheat production to 54.3 million tonnes from 54.5 million tonnes.   * The government declared much of the central and southern US Wheat Belt a natural disaster area on Wednesday due to persistent drought.   * Wheat mills in China, the world's top consumer and producer ...

Gold down ahead of BoE, ECB meetings, PGMs up  NEW YORK: Gold eased in light trading on Wednesday, giving back some of the previous session's gains, while platinum group metals rallied as improving US auto sales and a better economic outlook triggered fund buying.   Bullion retreated after Tuesday's almost 1 percent gain, lifted by speculation the Bank of Japan will consider easing monetary policy again in January. Signs of better Asian physical demand from China and India, however, provide underlying support, traders said.   Market sentiment remains ...
US winter wheat acreage to rise with prices CHICAGO: A government report is expected to show that high prices caused US farmers to boost their winter wheat plantings to a four-year high despite concerns about dry conditions limiting crop production, analysts said.   Crop insurance added an additional spur to farmers to get back on their tractors after disappointing 2012 harvest.   "When you got record high insurance guarantee, what are you worried about?" said Dale Durchholz, senior market analyst for AgriVisor. "You go plant it, you ...
Brazil CS cane output to rise 15.4pc in 2013/14: Safras  SAO PAULO: Brazil's main center-south cane crop will likely increase by 15.4 percent in the 2013/14 season from a year earlier, with the bulk of that volume going towards ethanol production, local analyst Safras & Mercado said on Monday.   In its first forecast for the season, the firm said the center-south region, which produces 90 percent of Brazil's cane, would yield a record 600 million tonnes compared with 520 million tonnes from last season.   Sugar production will ...
Gold falls, Fed asset purchases in focus  NEW YORK: Gold dropped on Monday as uncertainty about the duration of the Federal Reserve's economic stimulus program decreased bullion's appeal as a hedge against inflation.   The metal remained under pressure after two top Fed officials on Friday suggested the US central bank may halt its bullion-friendly asset purchases by the end of 2013 due to a better economic outlook.   "Any time there is any concern about Fed tightening, those nervous gold investors leave the market very ...
ICE coffee climbs ahead of expected index fund buying  NEW YORK/LONDON: Coffee futures jumped on Monday with the ICE Futures US arabica market rising on buying ahead of index rebalancing later this week, while US cocoa saw its biggest one-day jump in three weeks after hitting a technically oversold level.   Liffe cocoa futures turned higher after hitting a double bottom with the previous session's 8-1/2-month low while sugar turned slightly higher after hitting its lowest level in three weeks.   The euro rose against the dollar as ...
Soy firms on technical buying; grains bounce off 6-month lows  CHICAGO: US soybean futures rose on Monday due to technical buying after four straight losing sessions pushed prices to their lowest level since mid-November last week, traders said.   Corn and wheat also edged higher, with bargain buyers stepping into the market with prices near six-month lows.   "If nothing else, the market is oversold," Frank Cholly, a senior commodities broker at RJO Futures, said. "Fundamentally, nothing has really changed."   All three commodities closed last week in technically oversold territory ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln