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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 a bushel, the highest since July 2013.Soybeans closed up 1.17 percent the day before."Soybeans continue to be supported by the US crushing data that came out a few days ago, while the continuing strong export demand is also contributing," said Vanessa Tan, investment analyst at Phillip Futures in Singapore.Soybeans are up 4.6 percent for the week - their biggest weekly rally since August last year.The National Oilseed Processors Association said on Tuesday its US members ...

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 ...
Copper slips from 3-week peak on sluggish China signals SYDNEY: London copper on Tuesday eased away from three-week highs touched the session before, with mixed data on China's manufacturing sector rekindling worries over the state of the world's No. 2 economy and top copper user. A private sector survey showed that China's manufacturing engine contracted in the first quarter of 2014, while official numbers indicated just a slight increase. Still, market expectations of government stimulus to arrest any loss in momentum are supporting prices. ...
London copper set for biggest monthly loss since June SYDNEY: London copper was steady on Monday but was set to post its biggest monthly drop since June, as a slow start to the year for manufacturers in top consumer China dimmed the outlook for metals demand. Copper bottomed at three and a half year lows on March 19 and has since steadily gained steam as worries eased over slowing growth and bankruptcies at commodity companies. "Chinese growth concerns are pretty much priced in," said ...

 



 
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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