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Argentina soy prices hit one-month low on CBOT losses  BUENOS AIRES: Argentina's closing soy prices and trends on Thursday: * Soy prices fell by at least 3 percent to end at 1,850 pesos ($378) per tonne in Rosario, down from Wednesday's unofficial price of 1,910-1,950 pesos. Traders said local prices - the lowest in a month - reflected sharp losses on the benchmark Chicago futures market.   * Chicago Board of Trade soybean futures were lower on another cancellation of US soybean export sales by China and improving soil moisture prospects in portions of the US crop growing region, traders said.   * In Rosario, soy for delivery in May 2013, which is quoted in US dollars, did not trade. Prices closed at $325 per tonne in the previous session.   * In the southern grains port of Bahia Blanca, the oilseed closed at 1,860 pesos per tonne.   * Argentina's Agriculture Ministry on Thursday cut its estimate for 2012-13 wheat production by 5 percent to 10.5 million ...

Gold below $1,650/oz, down 1.1pc on fund selling  NEW YORK: Gold plunged below $1,650 an ounce on Thursday, down more than 1 percent, and to its lowest since August as heavy liquidation by hedge funds and signs of an improving US economy triggered selling.   The metal broke below its 200-day moving average, which it had held for four months, as safe-haven bidding faded following a government report that showed the US economy grew at a faster-than-expected 3.1 percent annual rate in the third quarter.   Silver ...
Soy drops on fresh export cancellation; wheat, corn sink  CHICAGO: US soybean futures fell for the third straight day on Thursday, dropping 1.6 percent to their lowest level in nearly a month due to a new cancellation of an export deal with China, the world's top buyer of the oilseed, traders said.   Corn futures were 1.6 percent lower, falling below $7 and hitting their lowest level in nearly six months as demand continued to weaken. Wheat also fell its lowest level since July as a ...
CBOT soy falls on private forecast for record US soy acreage  CHICAGO: Chicago Board of Trade soybean futures were lower on Wednesday on an outlook for a record large US soybean plantings next year and on improving soil moisture prospects in some areas of the US growing region, traders said.   * Private analytics firm Informa Economics lowered its soybean acreage view for the US for 2013 to 78.962 million, from 80.1 million but still surpassing the previous record of 77.451 million planted in 2009. Plantings in 2012 ...
Corn drops on forecast for huge US corn acreage  CHICAGO: Chicago Board of Trade corn futures were lower Wednesday on a forecast for the biggest US corn acreage next year since the mid-1930s, as well as improving soil moisture prospects for some of the US growing region.   * Private analytics firm Informa Economics raised its 2013 US corn acreage forecast to 99.026 million acres from 97.7 million, the largest since 1936. Farmers planted 96.9 million acres to corn in 2012.   * Cash basis bids for corn ...
ICE canola falls to 3-week low on US grains weakness  WINNIPEG: ICE Canada canola futures fell on Wednesday to their lowest price in more than three weeks, buckling under spillover pressure from weaker US grains.   * Canola was underpinned by weaker Canadian dollar and slow farmer sales into the cash system, traders said.   * Private analytics firm Informa Economics raised its 2013 US corn acreage forecast to 99.026 million acres, which would be the biggest since 1936. The bearish news set a negative tone for US grain ...
Egypt,Saudis suspend Brazil beef import over madcow BRASILIA: Egypt and Saudi Arabia have become the latest countries to suspend imports of Brazilian beef over a two-year-old case of mad cow disease.   The two Middle Eastern nations on Monday joined Japan, China and South Africa in temporarily halting their imports, a Foreign Ministry official said.   Brazilian officials insist that there is no risk whatsoever to public health or to animal hygiene from the lone case of bovine spongiform encephalopathy (BSE) that was detected in an ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln