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Argentina forecasts record 2014/15 soy crop of 58mn tonnes BUENOS AIRES: Argentina's 2014/15 soy crop was estimated by the government on Thursday at a record 58.0 million tonnes, up from 53.4 million in the previous season.The Agriculture Ministry gave the forecast in a statement that also said 2014/15 corn was expected at 30.0 million tonnes, down from 33.0 million in the 2013/14 crop year.Harvesting of 2014/15 soy and corn is well advanced throughout the Pampas grains belt.Copyright Reuters, 2015 ...

Bullish export data helps spark rebound in EU wheat prices LONDON: Wheat futures in Paris turned higher on Thursday after bullish European Union export data and bargain hunting helped the market rebound from a two-month low earlier in the day.London's feed wheat futures market remained lower, however, as sterling's rise to a 7-year high against the struggling euro dented export prospects for UK wheat to key customers in the euro zone.May milling wheat in Paris ended 0.75 euro or 0.4 percent higher at 186.00 euros ...
Copper climbs to six-week high as China holiday ends LONDON: Copper jumped to the highest in six weeks on Thursday as bearish investors scrambled to buy futures to close out their positions after Chinese trading resumed following a holiday break.The rest of the LME complex also had a firm undertone thanks to the resumption of physical buying in China, combined with firmer oil prices and decent economic data, analysts said.The gains were curbed, however, as stronger than expected data on U.S. durable goods orders ...
EU wheat market stalled by competing futures contracts PARIS: The upcoming launch of two European wheat futures contracts has stalled forward selling of the region's upcoming 2015 crop, with operators left guessing which of the new products will take off.Euronext will kick off a new, premium wheat contract on March 2, betting that addressing quality issues raised by a rain-hit harvest last year will justify the complexity of running it in parallel to its existing wheat futures that are a European benchmark."Having two ...
Arabica coffee hits one-year low, cocoa eases LONDON: Arabica coffee futures hit a fresh one-year low on Thursday, pressured by rainfall in top grower Brazil and a stronger dollar, while cocoa eased after brisk bean arrivals in West Africa.Raw sugar futures recovered in a technical bounce from Wednesday's five-year low, with dealers focused on the expiry of the ICE March futures contract on Friday. "There has been a lot of speculative selling in arabicas in February," said Carlos Mera, commodities analyst with ...
Copper surges to 6-week high as China holiday ends LONDON: Copper jumped on Thursday to the highest in six weeks as bearish investors scrambled to buy futures to close out their positions after Chinese trading resumed following a holiday break.The rest of the LME complex also had a firm undertone due to a resumption of physical buying in China following the Lunar new year holiday, combined with firmer oil prices and decent economic data, analysts said. The gains were curbed, however, as stronger-than-expected data ...
Gold pares gains after firm US data, remains higher LONDON: Gold pared gains on Thursday after stronger-than-expected US data lifted the dollar and impetus from Chinese buying petered out, but it remained higher after the Federal Reserve indicated this week that it was in no rush to raise interest rates. The dollar rose against a currency basket as data on US durable goods orders in January beat forecasts, boosting confidence in business activity despite worries of the recent surge in the dollar hurting exports.That ...

 



 
Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln