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Higher beef prices lift US live cattle futures CHICAGO: Chicago Mercantile Exchange live cattle futures rallied Wednesday as the wholesale beef price, or cutout, moved sharply higher, said analysts and traders. Wednesday's beef cutout value jumped to a 10-year high with the arrival of warm, dry weather over much of the country, which analysts believe will boost outdoor cookouts.The wholesale price choice beef on Wednesday rose $3.10 to $199.49 per cwt, the highest since $200.65 on Oct 20, 2003, according to US Department of Agriculture. CME live cattle drew additional support from June contract's discount to Wednesday's steady-to-higher cash cattle prices.So far, cash cattle in Texas and Kansas traded at $128 per cwt, steady with last week, said feedlot sources. The June futures closed at the equivalent of $122.75. Nebraska cash cattle moved at mostly $130, steady to up $2 from a week ago."Packers showed their hand by bidding too early in the week. And, sellers ...

Wheat jumps 2pc on damage concerns as crop tour begins CHICAGO: US wheat surged 2 percent on Tuesday, with benchmark futures at the Kansas City Board of Trade climbing to the highest level in seven weeks on concerns scouts on an annual crop tour will find freeze-damaged fields in the top growing state of Kansas.Corn and soybean futures each lost ground as investors at the Chicago Board of Trade took profits after Monday's biggest rallies since last summer's drought.Wheat futures reversed from early losses to ...
Corn surges 6 pct as US farmers plant at snail's pace CHICAGO: US corn futures surged 6 percent on Monday in the biggest one-day gain since last year's drought, as traders feared that one of the slowest starts to spring planting on record would curtail the crop.The abrupt spike in prices, which have been languishing near their lowest levels since last June, lifted wheat and soybean prices around 3 percent as well. A drop in the US dollar also aided gains, with traders banking on the ...
US spot natural gas prices climb ahead of cooler temps NEW YORK: US spot natural gas prices edged higher on Monday on forecasts of cooler weather for the Midwest and South later this week, but lagging cash quotes relative to futures raised prospects that the physical market may finally be loosening up.It was the first time in six sessions that cash prices gained."Prices were up, but the market feels weak relative to paper (futures). Cash has traded above the (NYMEX) screen for most of this ...
US wheat drops, heads for 2nd straight weekly loss AMSTERDAM: US wheat fell on Friday as traders booked profits, a day after the contract rose more than 1 percent on supply worries fuelled by unfriendly crop weather in top exporter the United States.Corn and soybeans slipped in line with wheat, while all three were on track to post weekly losses, partly weighed down by a slower-than-expected pace of US export sales.Chicago Board of Trade May wheat lost 0.53 percent to $6.97-1/2 a bushel by ...
Corn falls for second day as US crop prospects improve CHICAGO: Chicago Board of Trade (CBOT) corn futures fell for the second consecutive trading session on Tuesday on forecasts for better US corn planting weather beginning this weekend and on recent rainfall that eased drought concerns and boosted production prospects.The CBOT new-crop December corn futures contract, the month most sensitive to 2013 US planting and growing weather, fell to a 10-month low, trading down 10-1/4 cents per bushel at $5.22-3/4.US corn plantings have been stalled ...
US corn, wheat fall as weather improves PARIS: Chicago corn futures fell on Monday following reports of better weather, having risen by more than 1 percent in the previous session, but concerns remain about a slowdown in planting due to recent heavy rains. Improved weather also pushed down wheat, which had risen in the previous session due to worries that rain could damage the soft red winter crop in the Midwest and that cold could hurt hard red winter wheat in the ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
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WeeklyFebruary 26, 2015
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