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Wheat rises on Argentina, Australia crop woes; soy firms SINGAPORE: US wheat edged higher on Thursday, rising for two out of three sessions and gaining ground after hitting a two-month low early this week, as potential production shortfalls in Argentina and Australia underpinned the market.Corn was little changed, languishing around its lowest in three years on pressure from record-large US production. Soybeans ticked up after closing marginally lower.Chicago Board Of Trade December wheat rose 0.2 percent to $6.48-1/2 a bushel by 0225 GMT, trading near Wednesday's one-and-half week high of $6.54-3/4 a bushel.Wheat futures on Monday hit their lowest since Sept. 17 after US exports come in below expectations.December corn eased a quarter of a cent to $4.16-3/4 a bushel, while January soybeans rose 0.2 percent to $12.75-3/4 a bushel."Unfavourable crop conditions in Australia could adversely affect the crop quality and lead to a decline in harvests," said Vanessa Tan, investment analyst at Phillip Futures in Singapore. "There could ...

London copper falls as Fed minutes fuel tapering worries SINGAPORE: London copper fell on Thursday after minutes of a US Federal Reserve meeting showed the central bank could start to scale back its commodities-friendly monetary stimulus in the next few meetings if economic recovery stays strong. Prices, which plumbed three-month lows this week, have been doubly pressured by worries about the Fed tapering and by expectations of increasing mine supply next year. "It's very Fed driven at the moment," said Mark Keenan, Head of ...
CBOT wheat to drop to $6.30 SINGAPORE: CBOT December wheat is expected to drop to $6.30 per lb, as indicated by a triangle.The pattern has been forming since Nov. 8 and could be a bearish pattern, as its lower trendline has been pierced below. A trendline parallel to the upper trendline of the triangle points a target at $6.30.Strategically, it is better to target $6.30 when wheat slides below the Nov. 18 low of $6.41-1/2.Resistance is at $6.48, a break above ...
NY sugar to rebound more to 18.01 cents SINGAPORE: New York March sugar is expected to rebound more to 18.01 cents per lb, as it has completed a five-wave cycle that developed from the Oct. 18 high of 20.16 cents.The completion of this cycle has been confirmed by the strong gain on Monday, which followed the end of the final wave of the cycle, the wave (5).Over the next few trading sessions, sugar may rebound to 18.15 cents, the 161.8 percent projection level ...
Copper slides to 3-month low on US tapering worries SINGAPORE: London copper slid to a three-month low on Tuesday after US Federal Reserve officials flagged a brightening outlook for the world's top economy, fuelling expectations the central bank may soon curb its commodities-friendly monetary stimulus. Copper prices last week moved out of a relatively narrow band they had been trading in the previous three months, souring the metal's technical outlook. Traders also sold on Tuesday on prospects of less liquidity in the markets if ...
CBOT corn to fall to $4.00 SINGAPORE: CBOT December corn is expected to fall further to $4.00 per bushel, as indicated by a falling channel.Corn is riding on a firm downtrend which has been confirmed after a low at $4.10-3/4 was touched on Tuesday. Even though it is difficult to calculate the following target, as there is no preceding downtrend suitable for reference, based on the current speed of the fall, corn may reach $4.00.A further drop towards $3.80 is likely, ...
Spot iron ore edges up, but slow Chinese demand caps it below $140 SINGAPORE: Spot iron ore prices edged up to near two-month highs but slow demand from top importer China and ample supplies stopped the benchmark rate reaching $140 a tonne, a level last seen in August.Some Chinese steel mills were building up winter stockpiles of the raw material, although there was no aggressive buying because of lean demand for steel, traders said.Benchmark 62 percent grade iron ore for immediate delivery to China gained 0.2 percent to ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln