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Soybean offers firm on steady demand CHICAGO: US FOB Gulf soybeans basis offers were steady to firm and futures edged higher on strong processor and exporter demand even as harvest progressed, traders said on Tuesday.Corn and wheat basis values were steady with stronger futures reflecting domestic demand. Overseas competition for corn, but especially wheat, continues to restrain fresh buying. The US corn harvest is still less than half complete and two weeks behind normal, keeping interior basis bids firm.Soybeans and the red-hot processor market, particularly for soymeal exports, continue to be the main feature.Nov/Dec/Jan FOB soybean offers were all unchanged after the close, but February was 5 cents higher at 135 cents over CBOT March soybeans. November FOB beans were offered at 155 cents over CBOT November soybeans, which closed up 2 cents at $10.08 a bushel.China's import program continues in high gear with sales of some 2.0 million tonnes over the past two weeks. No ...

Mexico chamber sees 2014/15 sugar exports to US down over 20pc MEXICO CITY: Mexico expects to export 1.5 million tonnes of sugar to the United States in the current season following a trade deal struck this week, the country's sugar chamber said on Tuesday, in what would mark a sharp drop from the previous season. The forecast export volume compares with an estimated 1.9 million tonnes during the 2013/14 crop year that ended on Sept. 30, or a decline of more than a fifth. Monday's accord, ...
Corn, soybeans jump 2 percent on demand, fund buying CHICAGO: US corn and soybeans surged more than 2 percent on Monday, with each futures contract reversing from early losses on a short-covering rally tied to a slow harvest and strong demand for fresh supplies.The higher prices came despite favorable weather conditions for harvest in the United States, where farmers were gathering record-large corn and soy crops. Soymeal futures soared nearly 8 percent for their largest daily gains in four years.A slow start to the ...
US, Mexico near deal on sugar trade WASHINGTON: The US socked Mexican sugar imports with steep anti-dumping duties Monday, but said a new agreement with Mexico City was in the works that would eliminate any such penalties on Mexican exporters.Two months after levying 17 percent anti-subsidy duties on imported sugar from Mexico, the Department of Commerce announced additional duties of up to 47 percent for dumping sugar into the US market.All told the duties pose a potentially huge blow to the $1.1 ...
Corn, soy boosted by US exports; wheat follows CHICAGO/SYDNEY/PARIS: US corn and soybean futures rose on Thursday, supported by strong export demand for both commodities, traders said.Wheat futures also firmed, on track for their third straight day of gains, on spillover strength from the corn market.But gains were kept in check by forecasts for dry weather across the US Midwest that will allow for a pick-up in the harvest pace of both corn and soybeans and flood cash market dealers with much-needed supplies.Both ...
Gold rises as dollar drops; Chinese data provides boost NEW YORK/LONDON: Gold rose on Monday as the dollar fell on uncertainty about global economic growth, while the prospect of more economic stimulus from China increased bullion's investment appeal. The yellow metal posted its fifth rise in the past six sessions after the dollar index fell on growth concerns and worries the US Federal Reserve may wait longer to hike interest rates. Last week, the greenback notched its biggest weekly loss in six months. Also ...
CBOT corn to retest resistance at $3.42 SINGAPORE: CBOT December corn is expected to retest a resistance at $3.42 per bushel, a break above which will lead to a further gain to $3.49-1/2.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the Aug. 18 high of $3.81 to the Oct. 1 low of $3.18-1/4. It seems corn is climbing towards the peak of the preceding wave 4, the fourth wave of a five-wave cycle from $3.81. This ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln