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Soy hits 1-week low on favourable US harvest weather LONDON: Chicago soybean futures fell to a one-week low and corn prices also weakened on Monday with drier weather in the U.S. Midwest set to allow harvesting to accelerate.Wheat prices also lost ground weighed by weakening demand from the feed sector.November soybeans on the Chicago Board of Trade were off 1.1 percent at $9.41-1/4 a bushel at 1023 GMT after earlier touching a one-week low of $9.40-1/4."The weather is looking great and it will help the U.S. farmers to speed up the harvest," said Ole Houe, an analyst at Sydney-based brokerage IKON Commodities. "Last week's rally was purely about delayed harvest in the U.S. and I won't be surprised if we see prices dropping most of the days this week."Forecasts called for mostly dry conditions across the Midwest this week. The sunshine should dry saturated fields after a week-long rainy spell that hit the southern half of the Corn Belt ...

Copper slips as Chinese growth, supply weighs SYDNEY/LONDON: Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals.Asia-based traders also noted that copper's fundamentals looked shaky compared with other base metals as a wave of fresh supply worked its way into the market.Last week's 17.5 percent increase in copper inventories monitored by the Shanghai Futures Exchange was ...
Arabicas slide on forecasts for wetter weather in Brazil LONDON: Arabica coffee futures on ICE fell almost 5 percent on Monday on forecasts for wetter weather in the coffee-growing areas of top producer Brazil.Raw sugar futures rose in light volumes in reaction to data showing that speculators had increased a net short position in the week to Oct. 14, against a backdrop of heavy supplies as the cane crush wound down in centre-south Brazil.Cocoa on ICE dipped as worries eased over the potential impact ...
Gold tipped to decline for third straight year in 2015 LONDON: Gold prices will lag industrial precious metals platinum and palladium in 2015, analysts polled by Reuters predict, as a gradually stabilising world economy favours raw materials over so called "defensive" assets.A poll of 30 analysts conducted by Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year, against $1,270 an ounce predicted for 2014. That would represent a third consecutive year of losses.A similar survey in ...
Supply to flood copper market in 2015, weighing on prices LONDON: Copper prices face pressure next year due to a growing global surplus, as tepid demand from top consumer China fails to soak up surging supply from new and existing mines, a Reuters poll showed.The average forecast for 2015 cash copper prices from 25 market participants was $6,724.03 a tonne, down 0.5 percent from a similar forecast in July.For 2014, analysts expect prices to average $6,887.60 a tonne, down 0.2 percent from a previous forecast ...
Gold climbs above $1,240/oz as European stocks retreat LONDON: Gold snapped two days of losses to rise on Monday as renewed weakness in European stocks boosted interest in the metal as an alternative asset, though a tentative recovery in risk appetite on other markets limited its gains.The metal rebounded sharply after falling to its lowest in over a year earlier this month, as jitters over growth prompted stock markets to sell off aggressively.A bounce in equities after upbeat housing and consumer sentiment data ...
LME to offer more electronic liquidity on monthly dates LONDON: The London Metal Exchange (LME) plans to offer more liquidity on on its electronic platform to attract more investment from speculators and funds, a top official said on Monday.The world's biggest and oldest industrial metals market will soon release proposals about adding liquidity on the so-called "Third Wednesday" contract expiration dates, Matthew Chamberlain, head of business development, told a seminar at the start of LME Week."We will shortly be going out to the market ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln