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Soybeans edged up after losses, higher US yields weigh SINGAPORE: Chicago soybeans rose on Thursday as the market paused after sliding three consecutive sessions to contract lows under pressure from higher-than-expected US harvest yields. Wheat ticked lower but the market is holding on to most of the gains from the last two days with support from tensions in the Black Sea region. Lack of demand for US supplies continues to weigh on the market. Chicago Board of Trade November soybeans rose 0.2 percent to $10.25-3/4 a bushel by 0252 GMT, after dropping almost 2 percent the last three days. December corn fell 0.3 percent to $3.64 a bushel, after closing nearly unchanged on Wednesday. December wheat slid 0.4 percent to $5.60-1/4 a bushel, having gained 1.4 percent in the previous two sessions. "Soybean futures are under pressure from strong early harvest yield results," ANZ Bank said in a research note. "In some areas, yields were as high as 75-90 ...

Tokyo futures bounce from 1-week low; trapped in range SINGAPORE: Tokyo rubber futures rebounded from their weakest level in a week on Wednesday but settled little changed as Thailand's plan to sell its stockpile weighed on sentiment.The military government in top producer Thailand has approved a plan to sell 200,000 tonnes of rubber to cut storage costs and end a stock overhang. Thailand normally exports 250,000-300,000 tonnes of rubber a month.The Tokyo Commodity Exchange rubber contract for February delivery fell to 198.5 yen a ...
NY cocoa to drop to $3,181 SINGAPORE: New York December cocoa may drop to support at $3,181 per tonne as it could have completed an uptrend that developed from the July 16 low of $3,051.The trend has been driven by a wave C, which has briefly pierced into a range of $3,284-$3,308, formed by the 238.2 percent and the 261.8 percent projection levels.A trendline rising from the June 30 high of $3,141 also suggests a reversal of the uptrend, as cocoa ...
Palm ends lower on anxiety of swelling supplies, strong ringgit  KUALA LUMPUR: Malaysian palm oil futures lost earlier gains and ended lower on Wednesday due to a strong ringgit, while anxiety about swelling supplies of global edible oils continued to drag.Prices in early trade had touched a near one-week high of 2,052 ringgit, lifted by overnight gains in overseas soy markets and a round of technical correction."The market cannot sustain (the gains). The overall scenario is still technically bearish, fundamentals are not friendly ... this ...
Soybeans rise from contract lows, corn near 2-week low HAMBURG/SINGAPORE: Chicago soybeans rose on Wednesday, lifted by expectations of an increase in demand after prices slid to a contract low in the previous session due to prospects for a bumper US soybean harvest.Corn fell to levels near Tuesday's two-week low as the expected record-large US crop thrives in favourable weather. Wheat was flat after seeing a rebound from recent lows earlier on Wednesday.Chicago Board of Trade November soybeans were up 0.3 percent at $10.32 ...
India's sugar export rebound at risk from rising domestic prices MUMBAI: Sugar prices in India are firming on fears of short-term supply constraints and seasonal demand even as global prices are sliding, posing a threat to a recent recovery in exports from the world's second-biggest producer of the sweetener. A raised sugar import duty in India, festival demand and an expected delay in cane crushing in a key producing state have helped push domestic prices to a $70 a tonne premium to international prices, making ...
NY sugar to test resistance at 15.96 cents SINGAPORE: New York October sugar is expected to test resistance at 15.96 cents per lb, a break above which will lead to a further gain to 16.27 cents.The resistance is provided by the 50 percent Fibonacci projection level of a downward wave c that started from the Aug. 4 high of 17.26 cents.This wave is presumed to be the third of a three-wave cycle that fell from the June 23 high of 18.81 cents. The ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln