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Soybeans fall as market readies for USDA report SYDNEY: US soybean futures fell for the first time in five sessions on Tuesday, edging back from a one-week high and snapping the longest winning streak in nearly four months as traders squared positions ahead of a widely watched US government report.Corn fell, extending losses into a second session, while wheat fell for the first time in four sessions.Chicago Board of Trade January soybeans, the front month contract, fell 0.36 percent to $10.40 a bushel, having closed up 0.75 percent in the previous session.Soybeans had firmed for four consecutive sessions, gaining nearly 5 percent during that period."We have the USDA report due on Wednesday and everyone will be squaring up their positions in readiness of that, particulary as soybeans have ralled over the last few days," said Graydon Chong, senior grains analyst at Rabobank.Analysts expect the US Department of Agriculture will cut its outlook for US 2014/15 soy inventories in ...

Wheat falls 1pc as supply worries ease, soybeans near 1-week high SYDNEY: US wheat futures fell nearly 1 percent on Monday, losing all their gains from the previous session, as global supply concerns eased.Soybeans edged lower for the first time in four sessions, though prices continued to hover close to a one-week high on export demand and soymeal strength.Corn also fell for the first time in four sessions.Chicago Board of Trade March wheat futures fell 0.6 percent to $5.90-1/2 a bushel by 0217 GMT, having fallen ...
London copper steady; eyes on China trade data SYDNEY: London copper was steady on Monday and holding above last week's four-and-a-half-year lows, with expectations of further stimulus from China supporting prices after trade data was weaker than expected. "The risk is that we see further liquidation of positions, considering no one is confident of the (global economic) outlook, particularly in early 2015," said analyst Daniel Hynes of ANZ in Sydney. China's exports rose 4.7 percent in November from a year earlier, while imports ...
Traders buy less 2015 term copper for sale to China on credit worries SYDNEY: Global traders selling copper into China have signed up for lower annual contract volumes from producers for 2015, due to concerns that the Qingdao metals scandal could crimp demand, and amid expectations of a supply glut next year.Banks have tightened credit for metals financing in the wake of the Qingdao port scandal, which has hit small manufacturers and trade houses, while the global market is expected to be in surplus next year."It used to ...
Soybeans fall to five-week low on South American output SYDNEY: US soybean futures fell to a fresh five-week low on Wednesday as expectations for bumper South American production dragged on prices.Wheat also fell, extending losses after hitting a near five-month top earlier in the week, while corn edged lower to take its two-day losses to nearly 2.5 percent on better South American growing weather.Chicago Board of Trade January soybean futures fell 0.2 percent to $9.94-1/4 a bushel by 0131 GMT, having earlier hit a ...
Wheat falls, but Black Sea supply concerns limit losses SYDNEY: US wheat futures edged lower on Tuesday after prices surged more than 5 percent to a near six-month high in the previous session, though concerns over Black Sea exports limited losses.Corn fell, giving back all its gains from the previous session, and soybean prices also dropped on forecasts for rain in South America.Chicago Board of Trade March wheat futures, the mostactively traded contract, declined 0.33 percent to $6.04-3/4 a bushel, having jumped 5.1 percent ...
London copper slips, but holds above 4-1/2 year low as oil steadies SYDNEY: London copper slipped on Tuesday but held above 4-1/2 year lows touched the session before, supported as oil stabilised and some buyers were tempted by weaker commodity prices. A rout in oil had triggered heavy selling across commodities on Monday that saw oil prices hit five-year lows and copper slide to its weakest since 2010. But given that some investors are mandated to allocate a percentage of funds to commodities, Monday's rout likely triggered ...

 



 
Index Closing Chg%
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln