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Corn retreats after biggest one-day gain in 3-weeks SYDNEY: US corn futures edged down on Wednesday as traders banked profits after the grain posted its biggest single-session rise in three weeks in the previous session on concerns over a slow planting pace in the United States.FUNDAMENTALSChicago Board Of Trade July corn fell 0.1 percent to $5.01-1/4 a bushel, having gained 1.7 percent in the previous session, the biggest climb since the end of March.July soybeans rose 0.1 percent to $14.72-3/4 a bushel, having slid 1.1 percent on Tuesday.July wheat rose 0.2 percent to $6.81 a bushel, having closed up 0.5 percent on Tuesday.The US Department of Agriculture, in a weekly report issued after the markets closed on Monday, said 6 percent of the corn crop was planted, below the 9 percent expected by analysts and the average of 14 percent for that time of year.However, concerns were allayed as traders said massive farm machinery would allow growers to ...

Wheat edges lower, extends two-day losses to 3.5pc SYDNEY: US wheat futures edged down on Tuesday, falling for a second day after its biggest daily slide in over a year in the previous session as sentiment over the outlook for the US crop improved.Corn was little changed despite a slower-than-expected US planting pace, while soybeans edged higher, rebounding from losses of 1 percent.Chicago Board of Trade July wheat futures fell 0.2 percent to $6.74-1/4 a bushel, having closed down 3.4 percent.Front-month wheat futures ...
Soybeans set for biggest weekly gain in 8 months SYDNEY: US soybeans hit a nine-month high on Thursday ahead of the Easter holiday, on track to record their biggest weekly climb in eight months amid strong crushing demand.Wheat rose, rebounding from losses of 2 percent in the previous session, while corn prices also edged higher, shrugging off pressure from a favourable weather forecast.Front-month Chicago Board of Trade May soybean futures rose 0.69 percent to $15.29-1/4 a bushel, just below the session peak of $15.30 ...
Wheat jumps 2pc as Ukraine tensions rise SYDNEY: US wheat futures rose 2 percent on Monday as tensions escalated in Ukraine, stoking fears of potential supply disruptions from one of the world's largest exporters.Chicago Board of Trade May wheat futures were up 1.7 percent at $6.71-1/2 a bushel at 0045 GMT, having earlier hit a session high of $6.73-1/2 a bushel. Wheat closed down 0.3 percent on Friday."Tensions in the Ukraine have risen," said Luke Mathews, commodities strategist, Commonwealth Bank of Australia. ...
Wheat edges lower, crop condition caps losses SYDNEY: US wheat futures edged lower on Tuesday on forecasts for showers later this week, although losses were capped as crop conditions across key growing states worsened, adding to concerns over potential production shortfalls.FUNDAMENTALSChicago Board Of Trade May wheat fell 0.1 percent to $6.75-1/2 a bushel, having closed up 1.0 percent on Monday.May soybeans little changed at $14.63-1/2 a bushel, having slid 0.7 percent on Monday.May corn fell 0.1 percent to $4.98-3/4 a bushel, having ...
London copper steady as China returns; price range narrows SYDNEY: London copper was steady on Tuesday as top consumer China returned from holiday, with traders expecting the strength of Chinese appetite to help spur a technical breakout in the near term.Prices fell to three-and-a-half-year lows on March 19 on fears of a credit crunch in China but expectations are now growing that fresh stimulus measures will be undertaken to prop up sluggish growth in the world's second-largest economy."We were considering taking a short position, ...
Wheat bounces from 3-week low on technical support SYDNEY: U.S wheat futures drew support from technical buying to rise on Monday, rebounding from a three-week low hit in the previous session when forecasts for rains eased fears over potential crop damage.Corn slid for the first time in three sessions despite concerns over potential planting delays, while soybeans edged higher.Chicago Board of Trade May wheat futures rose 0.45 percent to $6.72-3/4 a bushel, having closed down 0.93 percent on Friday when prices hit a ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln