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Soymeal rallies with CBOT on Midwest cold snap ROTTERDAM: Soymeal on the European meals and feeds market rallied with CBOT soymeal futures on concerns about the size of the South American soybean crop and in anticipation that a new cold snap in the US Midwest could boost feed demand."Most of the gains in Chicago were because of fund buying and short covering. European buyers do not like to trade weather, but there is some nervousness. It feels a bit like 2008 when prices continued to rise, while everybody thought it could not go up any further," one broker said.South American soymeal was offered between $3 and $15 a tonne up from Friday, following the sharply higher trend in CBOT soymeal futures. Bids were scarce and no deals were reported. Most other products were quoted between unchanged and three euros per tonne up from Friday in sympathy with soymeal.Gains were limited by a dip in the dollar, which weighs ...

Copper steady; mixed China data clouds outlook for demand LONDON: Copper held steady on Friday, with an uncertain outlook for demand keeping prices in a narrow range after mixed messages about China's economic health. Three-month copper on the London Metal Exchange (LME) closed flat at $7,155 a tonne. "A mixed macro picture is keeping metals rangebound," said David Wilson, a commodities analyst at Citi in London. "Concerns about demand in China are making markets nervous, even as the economic picture in the developed world ...
US wheat prices ease but still set for weekly gain LONDON: Wheat futures on the Chicago Board of Trade were slightly lower on Friday in a modest setback following gains earlier in the week as the market kept a close watch to see whether stormy, cold weather could damage US crops. Soybean prices were higher, with the market supported by the potential for damage to South American crops from recent hot, dry weather. Corn also edged up. CBOT March wheat fell 0.2 percent to $6.15 ...
Copper falls to one-week low on disappointing China data LONDON: Copper slipped to a one-week low on Thursday after data showed a contraction in China's manufacturing sector, which raised doubts about the outlook for demand from the metal's top consumer. Three-month copper on the London Metal Exchange traded at $7,131 in official rings, down 0.7 percent from a close of $7,180 on Wednesday. It earlier fell to a low of $7,113 a tonne. The metal used in power and construction has fallen more than ...
Gold steadies after 2-day loss as weak data hits stocks LONDON: Gold steadied on Thursday after two sessions of losses that pulled it back from 3-1/2 month highs, as a retreat in stock markets after weak French and Chinese data boosted its appeal as an alternative asset. The metal has fallen nearly $20 an ounce in the last two days as higher prices curbed physical demand and after minutes of the Federal Reserve's latest policy meeting reassured markets that it would keep cutting monetary stimulus. ...
Copper steady as tight stocks offset China demand concerns LONDON: Copper was broadly flat on Wednesday as concerns about the demand outlook in top consumer China were offset by a weaker dollar and near-term tightness in stocks. Copper prices have slipped more than 2.5 percent this year as China battles with structural reform, and as a harsh winter in the United States has held back economic growth. A move by the Chinese central bank to drain funds from the market on Tuesday has further ...
Gold inches lower on flat dollar ahead of Fed minutes LONDON: Gold edged down on Wednesday as investors reaped profits after a rally to 3-1/2 month highs and as the dollar steadied ahead of the Federal Reserve's minutes of its January meeting, while Asian physical buying subsided. "The market is very cautious as it is awaiting the Fed minutes to be released later today and there is also lower demand out of China and Asia in general," MKS SA senior vice president Bernard Sin said. ...

 



 
Index Closing Chg%
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Arrow S&P 1,864.85 0.14
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Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln