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Corn futures hit 2 week low, set for biggest annual slide SYDNEY: US corn futures hit a fresh two-week low on Tuesday as rains in Argentina eased heat stress on crops, adding to an already bumper global crop which has pushed prices down nearly 40 percent during the year, the biggest annual slide for the grain on record.Soybeans edged higher, but were set to post annual losses of more than 6 percent, while wheat fell back slightly, with yearly losses topping 20 percent.Chicago Board of Trade March corn futures fell 0.18 percent to $4.22-3/4 a bushel by 0233 GMT, having hit a session low of $4.22-1/4 a bushel, the lowest since Dec. 17. Corn closed down 0.94 percent on Monday."I think its just weather driven and the weather looks favourable in South America, hence the weight on corn," said Simon Clancy, director at IKON Commodities.Corn has come under pressure this week after crop-friendly rain fell over much of Argentina's corn and ...

Corn hits 11-day low, soy falls on Argentine rains SYDNEY: US corn futures fell to an 11-day low on Monday and soybeans also edged lower as rains across major exporter Argentina eased heat stress on the crops.Wheat also slipped under pressure from the weakness in corn, analysts said.Chicago Board of Trade March corn slid 0.47 percent to $4.25-1/2 a bushel, just above the session low of $4.25-1/4 a bushel which was its lowest since December 19. Corn had firmed 0.29 percent in the previous ...
Soybeans extend weather-driven slide into second session SYDNEY: US soybean futures fell for the second session on Tuesday, extending two-day losses to nearly 1 percent on expectations of improved crop weather in South America and talk of decreased demand from China for US stocks.Corn dropped for the first time in four sessions on the weather forecasts for Argentina and Brazil, while wheat stood near contract lows as predictions of bumper global stocks continued to weigh.Chicago Board of Trade January soybeans had declined ...
Wheat snaps 5-day losing streak, but ample supplies cap gains SYDNEY: US wheat futures rose for the first time in six sessions on Thursday, snapping the longest losing streak in a month, although forecasts for huge global supplies capped gains.Soybeans recovered slightly from the previous session's losses of more than 1.5 percent, while corn was flat.Chicago Board of Trade March wheat futures rose 0.2 percent to $6.14 a bushel by 0331 GMT, retaining most of the previous session's sharp drop of 1.2 percent.Wheat shed almost ...
Soybeans edge lower first time in four sessions SYDNEY: US soybean futures fell for the first time in four sessions on Wednesday as traders squared positions ahead of the US Federal Reserve's decision on its stimulus program.FUNDAMENTALSChicago Board Of Trade January soybeans fell 0.43 percent to $13.40-3/4 a bushel, having firmed 0.65 percent on Tuesday.March corn little changed at $4.26-1/2 a bushel, having gained 0.95 percent in the previous session.March wheat fell 0.24 $6.18-1/4 a bushel, having closed down 0.32 percent on Tuesday.The ...
Corn falls for fourth session on China's GMO concerns SYDNEY: US corn futures fell on Tuesday, extending losses into a fourth consecutive session as concerns over potential cargo rejections by China and improved crop conditions in South American pushed prices to near two-week lows.Wheat edged lower, having posted losses of more than 1 percent in the previous session, while soybeans fell as traders banked profits.Chicago Board of Trade March corn futures fell 0.24 percent to $4.22-1/2 a bushel, having closed down 0.54 percent in ...
Corn hits near two-week low on Chinese demand concerns SYDNEY: US corn futures fell for the third consecutive session on Monday to hit a near two-week low on concerns that China could reject further cargoes of US corn.Wheat also fell for the third straight session, while soybeans edged lower, giving back some of the gains from the previous session.Chicago Board of Trade March corn fell 0.4 percent to $4.24 a bushel, just above the session low of $4.23-1/4 a bushel, the lowest since December ...

 



 
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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