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Wheat bounces off 4-month low, corn extends loss SYDNEY: US wheat futures edged higher for the first time in four sessions on Wednesday, with buyers stepping in as prices hit four-month lows.Corn slipped for the third straight session as heavy rains across key growing regions in the United States boosted expectations for a bumper crop, while soybeans rose and cut their previous session's losses.Chicago Board of Trade front-month wheat rose 0.4 percent to $5.73 a bushel, having closed down 1.5 percent in the previous session when it hit a four-month low of $5.70 a bushel. Wheat had shed nearly four percent in the previous three sessions."The market is finding support around these price levels," said Paul Deane, senior agricultural economist at ANZ Bank. "There is perhaps some additional fund liquidation, which we have seen in recent days, to come, but the $5.70 price is a level that the market seems unable to go below."Wheat came under sustained pressure ...

Corn extends 2-day losses to 2.5pc on bumper crop expectations SYDNEY: US corn futures fell for the second session on Tuesday, with two-day losses hitting 2.5 percent as torrential rains across key growing regions added to expectations of a bumper crop.Wheat fell after the US Department of Agriculture pegged the rate of harvest above market expectations, offsetting support from fears that crops in the Plains could suffer quality downgrades.Soybeans also edged down as the USDA pegged the condition of the crop above market expectations.Chicago Board ...
LME copper slips after European PMI dents confidence SYDNEY: London copper slipped on Tuesday from its highest close in nearly three weeks, easing after three days of gains, with only a weaker-than-expected June European manufacturing survey denting encouraging global growth prospects. Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the US factory sector in more than four years. But the euro zone's private sector expansion unexpectedly slowed, even ...
Wheat extends rally on southern Plains quality concerns SYDNEY: US wheat futures rose for a third session on Thursday in their longest rally in six weeks, amid concerns over the quality of some grain from the US Plains.Corn followed wheat higher, while soybeans edged down, shrugging off recent bargain-buying support.Chicago Board of Trade front-month wheat futures climbed 0.17 percent to $5.88 a bushel, having closed up 0.9 percent the day before.CME Group's Kansas City front-month hard red winter wheat futures contracts, which track ...
London copper slips on niggling demand doubts SYDNEY: London copper turned lower on Thursday amid doubts over the momentum of global economic growth and its impact on metals demand, while nickel prices sank further after a chunky build in exchange stocks.Jitters over the ability for some smaller Chinese companies to obtain credit after a crackdown by banks on metals financing, following allegations of fraud in the port of Qingdao, also made copper a target for short sellers, traders said."The market wants to ...
Copper edges to near 2-week peak on hopes for China support SYDNEY: London copper edged to its highest in nearly two weeks on Wednesday, finding support from a pledge by Chinese authorities to support growth as well as a shortfall in immediate supply. The market is looking past weakness in China's vast property sector to focus on easier liquidity conditions in the world's top user of the metal, said analyst Chunlan Li of CRU in Beijing. "The macro situation is improving, which is supporting copper prices. ...
Copper climbs on China stimulus outlook SYDNEY: London copper was a touch firmer on Tuesday after China's leaders reaffirmed a 7.5 percent economic growth target this year, with prospects of further stimulus lifting Shanghai copper to its highest in more than a week. Economic growth in the top metals user been dented by a soft patch in its property markets which targeted stimulus should help put back on track, said Helen Lau, a senior mining analyst at UOB-Kay Hian Securities in ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln