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US soybeans extend losses on abundant South American supply PARIS/SYDNEY: US soybeans stretched their losses into a second session on Thursday on the prospect of ample South American supply that could squeeze US exports in the coming months.Wheat edged higher to halt a run of four daily losses while corn also ticked up as a drop in the dollar after seven-month highs encouraged prices of both cereals to consolidate after recent lows. A weaker dollar makes commodities priced in the currency cheaper for non-US investors.Chicago Board of Trade January soybean futures fell 0.4 percent to $8.54 a bushel by 1313 GMT."Traders continue to worry about extra Argentinean soybeans coming to market. Argentina is likely to elect a new government this weekend that might well change export tax policies," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.Argentina presidential front runner Mauricio Macri has said he will cut the 35 percent export tax currently slapped on soybean exports ...

China iron ore, steel rout extend as demand fears drag MANILA/SHANGHAI: Iron ore futures in China sank to their cheapest since July on Thursday as Shanghai steel prices plumbed a record low amid mounting fears over wilting demand.Other China-traded commodities from base metals to rubber were also sold off, reflecting an increasing bearish stance among investors worried over a slowing economy.Deepening losses in ferrous futures could drag spot iron ore to a new low since at least 2008 below $45 a tonne, widening losses for ...
Israeli group buys 80,000 T corn, 30,000 T wheat in tender: traders PARIS: A group of Israeli private buyers purchased 80,000 tonnes of corn and 30,000 tonnes of feed wheat from optional origins in an international tender which closed on Wednesday, traders said on Thursday.The corn was bought at $179.00 per tonne, cost and freight included, for 30,000 tonnes and at $178.60 per tonne C&F for 50,000 tonnes, for shipment between February and April, they said.The feed wheat purchase was made at $193.50 per tonne C&F for ...
Gold climbs off near six-year low as dollar wilts LONDON: Gold prices edged higher on Thursday, recovering from near six-year lows as the dollar took a breather after a run of gains, though the precious metal remained under pressure from expectations a US rate hike is imminent.Federal Reserve officials on Wednesday continued to flag December as a likely time for U.S. interest rates to rise after seven years near zero.Rising rates tend to weigh on gold, as they lift the opportunity cost of holding ...
EU wheat rises on hopes of renewed export demand PARIS: European wheat prices rose on Wednesday on hopes for a boost in export demand linked to a drop in global prices, a fall in freight rates and a weaker euro versus the dollar which makes euro-denominated products more competitive on world markets.December milling wheat, the benchmark on Paris-based Euronext, was 1.00 euro or 0.6 percent higher by 1705 GMT to 176.25 euros a tonne."The combination of the weaker euro, markets and freight rates mean ...
Gold dives close to six-year low LONDON: Gold sank Wednesday close to the lowest level in nearly six years, as the dollar rallied on prospects for a December interest rate hike from the US Federal Reserve.The price of gold slumped in Asian trading hours to $1,063.55 per ounce, forging the lowest level since February 2010."Gold slumped to fresh lows ... as expectations mounted around the Fed taking action to increase interest rates in the December meeting," said FXTM analyst Lukman Otunuga."The ...
Raw sugar prices fall on India export prospects LONDON: Raw sugar futures were lower on Wednesday as India took steps which could pave the way for exports from the world's number two producer, while cocoa and coffee prices also fell.March raw sugar on ICE was down 0.32 cents, or 2.2 percent, at 14.46 cents a lb at 1236 GMT.India will, for the first time, pay sugarcane farmers in part for produce that they sell to money-losing mills, government sources said after a cabinet ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
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WeeklyNovember 23, 2015
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