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US corn at 1-month low, wheat, soy up after sharp losses PARIS/SINGAPORE: Chicago corn futures slid for a third consecutive session on Tuesday to a one-month low with pressure from ideal weather across the US Midwest that is boosting crop development.Wheat rose following a drop to one-month lows on Monday while soybeans firmed after shedding nearly 6 percent over thelast three sessions."The weather conditions in the key corn-growing areas of the US Midwest have improved considerably of late, following the excessive rainfall earlier in the summer," Commerzbank said."At the same time, short-term-oriented market participants (...) now appear to be closing their positions in grand style. Both of these factors are weighing heavily on the corn price in Chicago," it added.Chicago Board of Trade front-month corn slid 0.3 percent to $3.72 a bushel by 1110 GMT, after touching 3.71-1/2, its lowest level since June 25.Forecasts are for scattered showers in the US grain belt over the next 10 days. Excessive rain had ...

Copper rises, but market fearful over China's stock turmoil LONDON: Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Chinese shares fell as Beijing scrambled once again to prop up a market whose wild gyrations have heightened fears about the financial stability of the world's second-biggest economy. "There is tremendous downside pressure coming from the Chinese stock market. Fear is the ascendant emotion at ...
Sugar edges up, robusta coffee hits 2-month low LONDON: Raw sugar futures firmed on Monday after a Commitments of Traders (COT) report but gains were capped by a weak Brazilian currency, while robusta coffee hit a two-month low and arabica dipped to a 1-1/2-year low. Cocoa futures were little changed in thin volume. October raw sugar was up 0.09 cents, or 0.8 percent, at 11.33 cents a lb at 1401 GMT, having earlier hit a five-week low of 11.17 cents. October white sugar ...
EU wheat prices hit one-month low on rising supplies LONDON: European wheat prices fell to a one-month low on Monday, weakened by a setback in Chicago, a rise in the euro against the dollar and increasing supplies linked to the incoming harvest.December milling wheat in Paris ended 4.25 euros or 2.25 percent lower at 184.50 euros a tonne, after hitting a one-month low of 184.00 euros in late trade. "There is pressure from the incoming harvest. Even if farmers are not selling much, cooperatives ...
London copper languishes near 6-year low on demand concerns MELBOURNE: London copper fell on Monday to trade near its weakest in six years as concerns over demand in top user China were compounded by a seasonal slowdown in manufacturing activity over the summer and ample supply. However, the fall led to signs of bargain-hunting, with some analysts suggesting low prices could spur makers of copper products into replenishing inventories."It is also possible that China's State Reserve Bureau will restock at the current low prices," ...
Algeria bought about 300,000 tonnes durum wheat in tender PARIS/HAMBURG: Algeria's state grains agency OAIC purchased about 300,000 tonnes of durum wheat seen likely to be sourced from Mexico and France in a tender for a nominal 50,000 tonnes which closed on Wednesday, European traders said on Friday. The purchase comprised about 200,000 tonnes from Mexico and 100,000 tonnes from France bought at approximately $420 a tonne c&f, they said. One trader said the purchase reflected about two months of the country's requirement and ...
Copper tumbles to six-year low on worries about Chinese demand LONDON: Copper slumped to the lowest levels in six years on Friday after weak factory data from top metals consumer China highlighted lacklustre demand that could send prices even lower. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output to its lowest level since March 2014, the preliminary Caixin/Markit survey showed. Concerns over the Chinese economy combined with other headwinds are likely to keep weighing on metals ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln