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Soybeans fall on USDA condition report, wheat edges lower SYDNEY: US new-crop soybeans fell on Tuesday after the US Department of Agriculture pegged the crop condition above market expectations, while wheat edged lower for the first time in five sessions, though expectations for increased demand for US supplies provided a floor to losses.Corn fell after posting gains of 2 percent in the previous session, the biggest daily gain for the contract for nearly two months.Chicago Board of Trade November soybeans fell 0.53 percent to $10.73-3/4 a bushel by 0232 GMT, having closed up 2 percent in the previous session."I think we are seeing the market react to the USDA's crop condition report, which was higher than expected," said Andrew Woodhouse, grains analyst, Advance Trading Australasia.The USDA said soybeans were 71 percent good-to-excellent, unchanged from a week ago and up from 64 percent from a year ago. The results beat analysts' expectations of 70 percent good-to-excellent, according to the average ...

London copper pauses as Freeport eyes exports SYDNEY: London copper opened flat on Monday after a two percent gain last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt. Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit. A resumption in exports ...
Soybeans extend two-day gains to 2pc on dry weather concerns SYDNEY: US new-crop soybeans rose for a second straight session on Thursday to extend gains to 2 percent, as the oilseed drew support from concerns that dry weather might limit yields as old-crop stocks run tight. Copyright Reuters, 2014 ...
Australian wheat yields under pressure as dry weather seen persisting SYDNEY: Dry weather is likely to persist across eastern Australia for the next three months, the Bureau of Meteorology (BOM) said on Thursday, exacerbating stress on cattle and adding to concerns that wheat yields could suffer in the world's third largest exporter. The chance of below median rainfall between August and October is greater than 60 percent in northern Queensland, southern New South Wales and most of Victoria, the BOM said.The dry outlook threatens wheat ...
London copper hits one week top as China's growth revives SYDNEY: London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. China is the world's biggest copper user, but slowing growth in manufacturing and property has dragged on the demand outlook for the metal while a surplus is expected to seep ...
London zinc, aluminium near peaks as investors buy SYDNEY: London zinc and aluminium were holding near recent highs on Wednesday after a flurry of interest from investors, but given a seasonal slowdown in demand, some wondered just how much further prices could run.Traders took some profits in Shanghai, suggesting downward pressure could drag on global prices later in the session."At the moment, it's pure momentum after the technical signals got sparked - but fundamentally there are questions," said analyst Dominic Schnider of UBS ...
Shanghai copper slides to near 2-week low on speculative selling SYDNEY: Shanghai copper fell to its lowest in nearly two weeks on Tuesday and dragged down London copper, with traders who follow chart-based strategies selling as a month-long rally appeared to sputter. London copper had surged 9 percent from June lows to hit a four-and-a-half month high of $7,212 a tonne on July 8 but has failed to build on the gains, despite generally improving economic sentiment. "We've had a pretty strong run - it's ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln