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Soybeans edge lower as traders ready for USDA report SYDNEY: US soybean futures fell on Tuesday, edging away from a near three-month high in the previous session as traders unwound bets ahead of the latest US Department of Agriculture report.Corn also dipped, giving back some of Monday's gains, while wheat rose for the first time in three sessions.Chicago Board of Trade January soybeans fell 0.2 percent to $13.41-3/4 a bushel, having closed up 1.4 percent in the previous session when the oilseed hit a high of $1,346-3/4 a bushel, the highest since Sept. 19."We are seeing position squaring ahead of the USDA report tonight," said Andrew Woodhouse, grains analyst at Advance Trading Australasia."Soybeans have been driven by demand and I expect that to be shown in the USDA numbers," he added.The oilseed rallied after the USDA confirmed further sales of 290,000 tonnes of US soybeans to China.The latest USDA report is expected to trim the agency's forecasts for US ...

Wheat firms as cold weather threatens crop SYDNEY: US wheat futures rose for the first time in four sessions on Monday, rebounding from a three-month low touched in the previous session, as cold weather across the Midwest threatens the winter crop.Soybeans firmed for the first time in three sessions on continued strong export demand, while corn also rose, underpinned by the strength in wheat.Chicago Board of Trade March wheat futures rose 0.65 percent to $6.55-1/4, having closed down 0.15 percent on Friday. ...
Wheat firms on export expectations, cold weather SYDNEY: US wheat futures rose on Wednesday, extending two-day gains to nearly 1.5 percent on expectations of increased demand for US supplies and concerns over potential crop-damaging weather.Corn climbed, drawing support from short-covering, as the grain shrugged of confirmation that China has rejected some US corn cargoes, while soybeans also edged higher on bargain-buying.Chicago Board of Trade March wheat rose 0.37 percent to $6.70-3/4 a bushel, having closed up 1 percent in the previous session."Russian ...
Australia boosts wheat forecast, sees third biggest crop SYDNEY: Australia is expecting its third-biggest wheat crop on record after the government forecaster raised its estimate for the 2013/14 crop by 7 percent, in a surprise move that could put pressure on global wheat prices.The Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES) forecast wheat output of 26.213 million tonnes, up from its September estimate of 24.467 million tonnes, citing favourable weather across the west coast.The increase could pressure Chicago Board of ...
Australia boosts wheat forecast, sees third biggest crop SYDNEY: Australia is expecting its third-biggest wheat crop on record after the government forecaster raised its estimate for the 2013/14 crop by 7 percent, in a surprise move that could put pressure on global wheat prices.The Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES) forecast wheat output of 26.213 million tonnes, up from its September estimate of 24.467 million tonnes, citing favourable weather across the west coast.The increase could pressure Chicago Board of ...
Soybeans near 3-month high, wheat at one-month top SYDNEY: US soybeans rose for a second session on Monday to hit a near three-month high, while wheat hit a near one-month top as strong demand, confirmed by the latest US Department of Agriculture export figures, underpinned gains.Corn fell for a fourth straight session as the record US crop continued to weigh.Chicago Board of Trade January soybeans rose 0.5 percent to $13.43-3/4 a bushel by 0357 GMT, just shy of the session high of $13.45 ...
Rio Tinto set to close Australian Gove alumina refinery: report MELBOURNE: Global miner Rio Tinto is expected to close its Gove alumina refinery in Australia after ending talks with Australian governments over securing gas supplies for the loss-making plant, The Australian newspaper reported on Tuesday.The newspaper said Rio is likely to decide as early as this week to wind down the plant in the Northern Territory. Earlier this year, Rio Tinto had lined up a deal with the Northern Territory government to secure gas supplies ...

 



 
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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