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wheat--CHICAGO: Chicago Board of Trade wheat futures fell for the second day in a row on Wednesday, pressured by technical selling and poor export demand, traders said.

 

* Prices for the benchmark CBOT March soft red winter wheat contract failed to hold support above the contract's 30-day moving average, which it briefly eclipsed early on Wednesday.

 

* Hard red winter wheat futures at the Kansas City Board of Trade were mostly flat to up slightly due to worries about crop development.

 

* Dry weather in the US Plains continues to cause concern about harm to the already drought-stricken hard red winter wheat crop, said Joel Widenor, meteorologist for Commodity Weather Group.

 

* Bangladesh's state grains buyer received the lowest bid at $322 per tonne from a Korea-based company for its tender to buy 50,000 tonnes of wheat, officials from the state agency said on Wednesday.

 

* Japan's Ministry of Agriculture has bought 17,800 tonnes of feed wheat in a tender. The ministry has said it seeks to buy 120,000 tonnes of feed wheat.

 

* The Korea Feed Association (KFA) bought 55,000 tonnes of feed wheat likely to be sourced from India in a snap, European traders said.

 

Copyright Reuters, 2013


 



 
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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