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US soybeans face biggest weekly decline in 4 years SINGAPORE: US soybean futures slid 1.5 percent on Friday and were on track for the biggest weekly drop in nearly four years, hit by poor demand for old-crop supplies as buyers eye a bumper harvest.New-crop December corn was little changed after four straight sessions of falls that were triggered by near-perfect weather conditions that have been aiding US crops.End-users are beginning to quit buying expensive old-crop soybeans given the prospects for a record-sized crop and cheaper prices in the future due to the good US weather. An increase in farmers selling their remaining supplies of old-crop soybeans has also hurt prices.Spot basis bids for corn and soybeans plummeted across the US Midwest on Thursday in a wave of declines typically seen during the autumn harvest.The losses in soybean futures, which fell to their lowest level in more than a year, have been triggered by a selloff in soymeal which fell ...

Soy crop outlook drags palm to lowest in nearly 4 years KUALA LUMPUR: Malaysian palm oil futures tumbled to their lowest in nearly four years on Thursday, as the market expected global edible oil supplies to rise with a boost in soybean yields.Ideal weather in the US Midwest could pave the way for a record soybean harvest. That could possibly boost supplies of soyoil and shift some food and fuel demand away from palm oil.Malaysian palm oil exports for July 1-25 fell 6-7 percent from the ...
Indian gold premiums jump as festivals near MUMBAI: Gold premiums in India, the world's biggest buyer of the metal, jumped on Thursday due to short supplies even as traders, looking to stock up for festivals, waited for prices to fall further from their highest level in more than a month.Premiums rose four fold to $20 an ounce on London prices on Thursday after the Reserve Bank of India tightened gold imports, making them dependent on export volumes with an eye to reducing ...
Copper slips from one-month top after China data SINGAPORE: London copper futures fell from one-month peaks on Wednesday after data showed China's manufacturing activity hit an 11-month low in July, shrinking appetite for risky assets amid more evidence of a slowdown in the world's No. 2 economy.Oil and other commodities also slipped after the preliminary HSBC/Markit Purchasing Managers' Index for China fell to 47.7 this month from 48.2 in June as new orders faltered and the job market darkened."It adds to the concern ...
Palm oil drops to 1 week low, tracks US soy tumble KUALA LUMPUR: Malaysian palm oil futures slipped to a one-week low on Wednesday, weighed down by a US soy market that suffered steep losses after a report forecast ideal weather for bumper crops.Conducive weather over the next week in the US Midwest will boost soybean growth, according to Global Weather Monitoring, paving the way for a record harvest that will lift supplies of the oilseed."Palm has taken the cue from overseas markets. It's down on ...
Iron ore holds at 2-1/2-month peak, rebar off high after China PMI SINGAPORE: Iron ore prices edged back to a 2-1/2-month high as Chinese steel mills running low on inventories snapped up spot cargoes amid limited availability of high-grade material.Recent gains in Chinese steel prices had encouraged producers to restock on the raw material, although further increases may be stalled by a weakening outlook for the economy.Shanghai rebar futures came off an early high after data showed China's factory activity hit an 11-month low in July as ...
Soybeans rise from 1-week low, corn eases on US weather SINGAPORE: Chicago soybeans edged higher on Wednesday, taking a breather after prices slid to their lowest since July 15 amid pressure from crop-friendly weather in the US Midwest and market talk about China planning to sell its reserves.Corn futures eased, falling for a third straight session as rains and cool temperatures in the US grain belt are expected to boost crop development, while wheat ticked up after dropping to its lowest in more than three ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
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Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln