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CBOT corn hits 5-month high on fund buying, FSA acreage CHICAGO: Chicago Board of Trade corn futures rose on Monday, finishing at its highest closing price since July on support from investment fund buying tied to expectations for a reduction in acres next month by the US Department of Agriculture, traders said.USDA'S Farm Service Agency early on Monday increased so-called "prevented plantings" corn acres for ground that farmers were unable to plant during the spring. The report was an indication that USDA could reduce harvested area in the agency's final report due in January for the 2014/15 season, which could result a reduced supply outlook, the traders said.However, the highest corn futures in five months triggered additional sales from farmers who also were heavy sellers last week. The farmer sales spike capped gains in futures, with CBOT March corn finishing nearly 4 cents off its session highs of $4.12-1/2 per bushel.USDA said put export inspections of corn at 546,515 tonnes ...

CBOT soybeans close lower on NOPA report; soymeal, soyoil weak, too CHICAGO: US soybean futures fell on Monday on pressure from a disappointing report on US crushings and technical sales, traders said.The benchmark Chicago Board of Trade January soybean futures contract firmed early in the session but turned lower after failing break through last week's high of $10.60-1/4 a bushel.Soymeal and soyoil futures also fell. Weakness in the cash market weighed on soymeal, while a sharp drop in crude oil prices dragged soyoil lower.Soyoil retreated from ...
Spot gold down 1pc after data shows US consumer sentiment rose NEW YORK: Spot gold fell 1 pct on Friday, after a survey showed US consumer sentiment rose in December to a near eight-year high. Spot gold was down 0.7 percent at $1,218.70 an ounce at 10:12 a.m. EST (1515 GMT), paring losses shortly after falling 1 percent to $1,215.60 an ounce. Copyright Reuters, 2014 ...
Soybeans top one-week high, corn retreats from gains CHICAGO: Concerns about tight US soy supplies drove soybean futures to their highest level in more than a week on Monday, while corn futures retreated for the first time in four sessions. Wheat rose on technical and fund-driven buying. Soybeans advanced on strong demand for soymeal and expectations that the US Department of Agriculture will tighten its outlook for US soy inventories in a monthly crop report on Wednesday, traders said.Soybean stocks are projected to ...
Strong exports fuel US corn, soy rally; wheat mixed CHICAGO: Soybean and corn futures rose on Thursday on an export report that showed recent price declines have sparked strong overseas demand for US commodities, traders said."The exports have been pretty good for the last two or three weeks," said Bill Gentry, broker at Risk Management Commodities. "Most of the guys I have talked to think that the exports are supposed to taper off. They really have not to any great degree."Wheat futures were mixed, ...
Canada wheat exports dogged by quality complaints WINNIPEG: Buyers of Canadian wheat are increasingly complaining about quality ever since Ottawa changed how its biggest crop is sold and inspected, raising the risk the world's third largest exporter will lose sales to rivals like the United States.Problems include underweight shipments, lower-than-expected protein content and gluten strength in the wheat, and even the occasional mixture of wheat with other agricultural products.In October, Singapore-based Prima Group found 850 kilograms of peas in a 25-tonne wheat ...
CBOT soybeans close higher on bargain buying CHICAGO: US soybean futures edged higher on Monday on a mild round of bargain buying after falling 2.2 percent last week, traders said.Gains were kept in check by losses in the soymeal market as well as worries that weak economic data from China signaled that the world's top buyer of soy will slow its purchases.Some technical selling added pressure after the benchmark Chicago Board of Trade January soybean futures contract failed to hold support above ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln