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CBOT soybeans' rebound target at $12.77 intact SINGAPORE: A rebound target at $12.77 per bushel remains unchanged for CBOT November soybeans, as they have managed to stand firm above a support at $12.42-1/2.The support is provided by the 61.8 percent Fibonacci retracement on the rise from the April 24 low of $11.86-1/2 to the June 7 high of $13.33, and it is expected to trigger a decent rebound, as the former two supports at $12.59-3/4 and $12.77, provided by the 50 percent and 38.2 percent retracements, have done so.Increasing the chance of a strong rebound is the fact that two motive waves have completed around this support; the big wave fell from $13.33 and the small one from the June 27 high of $12.84-3/4.A drop below the Tuesday low of $12.35 will confirm the extension of the downtrend towards $12.21, the 76.4 percent retracement.No information in this analysis should be considered as being business, financial or legal ...

India sugar drops on weak demand from bulk buyers MUMBAI: Indian sugar futures eased on Tuesday on slowing demand from bulk consumers, though an expected drop in next year's production due to a drought and exports orders limited the downside.The key July contract on the National Commodity and Derivatives Exchange was down 0.43 percent at 2,994 rupees ($50.38) per 100 kg at 0919 GMT. It hit a low of 2,979 rupees last week, the lowest since May 20."Demand from bulk consumers is falling. Retail ...
Thai government reverses rice price cut BANGKOK: Thailand's premier Tuesday reversed a decision to cut the price it gives farmers for rice, a fortnight after stoking anger from its rural heartlands by announcing a 20 percent reduction in the fee.The so-called rice-pledging scheme has dogged the government since its introduction shortly after Prime Minister Yingluck Shinawatra's election victory in 2011.Critics say the scheme is a costly sop to her government's rural voters, is riddled with corruption and has caused the commodity's ...
India soybeans drop on higher area, supplies; soyoil up MUMBAI: Indian soybean futures fell on Tuesday on rising supplies and higher acreage under the oilseed, while soyoil rose following gains in overseas prices and on a likely rise in demand due to Ramadan.Rapeseed eased on higher supplies in spot markets.At 0806 GMT, the benchmark Malaysian palm oil contract was down 0.04 percent at 2,342 ringgit per tonne, while US soybean futures were 0.16 percent higher at $15.73 per bushel.The key July soybean contract on ...
Vietnam Coffee-Premiums rise, July loading may dip HANOI: Premiums of Vietnamese coffee to London futures prices widened this week as farmers expecting further gains in global prices were hesitant to sell, which could keep monthly shipment volume on par or lower than June's exports.London robusta futures prices gained last Friday and on Monday, giving hopes to farmers in Vietnam, the world's largest producer of the bitter variety, that prices could rise further. Export prices in Vietnam closely track London prices."Farmers' selling has ...
Palm oil looks neutral in 2,330-2,376 ringgit range SINGAPORE: Malaysian palm oil looks neutral in a range of 2,330-2,376 ringgit per tonne, and an escape will point to a future direction.The range is formed by the June 28 high and the 61.8 percent Fibonacci retracement on the rise to the June 20 high of 2,491 ringgit from 2,230 ringgit - an hourly chart low touched on May 6.So far, palm oil has been dancing around a support at 2,361 ringgit, the 50 percent ...
Copper slips from near 2-week top on China demand worries SINGAPORE: London copper dropped on Tuesday, giving up some of previous session's sharp gains to a near two-week top, as a slowdown in China dented the outlook for demand from the world's top consumer of the metal.Activity among China's large goods producers slowed to multi-month lows as global demand weakened, data showed on Monday, even as US manufacturing staged a modest rebound.Three-month copper on the London Metal Exchange slipped by 0.6 percent to $6,937.75 a ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
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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
WeeklyOctober 23, 2014
Reserves $13.465 bln