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Wheat hovers above 4-month low, corn extends losses SYDNEY/LONDON: US wheat futures steadied on Wednesday, digesting losses, with buyers stepping in after prices hit four-month lows.Corn slipped for the third straight session as heavy rains across growing regions in the United States boosted expectations for a bumper crop, while soybeans edged higher.Chicago Board of Trade front-month wheat eased 0.2 percent to $5.70-1/4 a bushel at 1043 GMT, having earlier matched Tuesday's four-month low of $5.70 a bushel. Wheat had shed nearly four percent in the previous three sessions."The market is finding support around these price levels," said Paul Deane, senior agricultural economist at ANZ Bank. "There is perhaps some additional fund liquidation, which we have seen in recent days, to come, but the $5.70 price is a level that the market seems unable to go below."Wheat came under sustained pressure after the U.S. Department of Agriculture (USDA) said the rate of harvest was above market expectations.In Europe, the ...

Gold falls as physical buying lags, investors cash in on 2-month high LONDON: Gold fell on Wednesday as physical buying dried up after the previous session's rally to two-month highs, while a drop in stock markets on the back of renewed fears over Iraq prompted other investors to cash in gains.Spot gold was down 0.3 percent at $1,313.90 an ounce at 1148 GMT, while U.S. gold futures for August delivery were down $6.40 an ounce at $1,314.90.Silver was also down 0.2 percent at $20.83, off the previous ...
LME copper flat as German data offsets growth cues elsewhere LONDON: London copper futures were flat on Tuesday after three days of gains, coming under pressure from renewed signs of economic weakness in Europe but offset by encouraging global growth prospects elsewhere.European stocks, major currencies and bond markets all struggled, weighed down by Germany's Ifo index of business sentiment which fell more than expected in June.Three-month copper on the London Metal Exchange was to $6,883 a tonne by 0915 GMT from $6,885 at the close ...
Gold hits 2-month high as stocks, dollar retreat LONDON: Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains.Spot gold hit a peak of $1,325.70 and was up 0.5 percent at $1,323.80 an ounce at 1007 GMT, while U.S. gold futures for August delivery were up $6.60 at $1,325. Silver was up 1.3 percent at $21.09 ...
ICE sugar eases from one-month high, cocoa steady LONDON: ICE sugar futures eased on Tuesday, hovering under a one-month peak, after prices gained almost 5 percent last week on continuing dry weather in top grower Brazil.Cocoa on ICE consolidated near last week's almost three-year high, while arabica coffee was slightly lower.The ICE July raw sugar contract was down 0.08 cent or 0.5 percent at 17.77 cents a lb at 1053 GMT, having equalled last week's one-month peak of 17.98 cents a lb the ...
Copper near 3-week high; China data fuels gains LONDON: London copper hit its highest in nearly three weeks on Monday, after Shanghai copper rallied to its highest in four months, spurred by tight supply and signs of improved growth in top copper consumer China.The HSBC/Markit Flash China PMI showed China's factory sector activity expanded for the first time in six months in June, offering new signs the economy is stabilising thanks to Beijing's measures to shore up growth.Also, London Metal Exchange (LME) inventories ...
Gold consolidates below 2-month high; weaker shares, Iraq support LONDON: Gold steadied below a two-month high on Monday as European shares inched lower and the Iraq crisis intensified, supporting the metal's appeal as a hedge against risk, with gains checked by a firm dollar and low physical demand.Iran's supreme leader accused the United States on Sunday of trying to retake control of Iraq by exploiting sectarian rivalries, as insurgents drove towards Baghdad from new strongholds along the Syrian border.Spot gold was down 0.2 percent ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln