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Corn up for 3rd day as USDA report shows tight supply PARIS/SINGAPORE: Chicago corn rose for a third consecutive session on Monday, buoyed by a US Department of Agriculture report on Friday which kept projected stocks unchanged at a 17-year low, surprising the market which expected higher inventories.]The strength in corn helped soybeans recover a little of the 2.5 percent lost on Friday when a bigger-than-expected outlook for global soy supply from the USDA triggered selling.Wheat also edged higher, with expectations of strong exports of cheap US supply helping counter bearish reaction to the USDA's increase in forecast US and world wheat stocks."Today, contrary to the weeks before, traders will pay more attention to corn than wheat," Arnaud Saulais of Starsupply Commodity Brokers in Geneva said."The most surprising aspect of the USDA report was an increase in the forecast for the amount of US corn that will be used for feed. The adjustment looked bullish as US corn stocks remained unchanged ...

US oil prices rise after jobs report; Brent falls   NEW YORK: World oil prices closed mixed Friday as the key New York futures contract edged higher despite a stronger dollar bolstered by a better-than-expected US jobs report.   New York's main contract, West Texas Intermediate (WTI) for April, settled at $91.95 a barrel, a gain of 39 cents from Thursday's close.   A barrel of Brent North Sea crude for delivery in April dropped 30 cents to $110.83 in London trade.   The New York session digested a surprise fall ...
BNSF discounts rail rate to ship wheat into southern US Plains     CHICAGO: BNSF Railway said on Friday it was lowering its rate to ship US soft red winter wheat from Chicago to west Texas and western Kansas in response to demand for feed from cattle producers.   BNSF said on its website that it was lowering rates to ship the grain on that route by $300 per car, a level that traders said equated to 8 cents per bushel. The discount went into immediate effect and will continue ...
ICE raw sugar turns lower after Thursday rally, cocoa surges   NEW YORK/LONDON: Raw sugar futures on ICE closed slightly lower on Friday after short-covering dried up following the previous session's 3 percent jump, while chart-based signals spurred a rally in cocoa.   Robusta coffee futures on Liffe jumped for the third straight day, reaching a five-month high, while arabica coffee futures on ICE Futures US were choppy and little changed.   May raw sugar futures turned lower, closing down 0.02 cent at 18.75 cents per lb, after climbing to ...
US crude settles higher as gasoline futures jump   NEW YORK: US crude futures edged up on Friday in choppy trading after supportive jobs data and high-priced ethanol credits caused gasoline futures to surge more than 2 percent.   US April crude rose 39 cents, or 0.43 percent, to settle at $91.95 a barrel, having traded from $90.83 to $92.03.   For the week, US crude posted a gain for the week of $1.27, or 1.4 percent. Copyright Reuters, 2013 ...
US oil prices rise on hopes of strong jobs report      NEW YORK: US oil prices rose Thursday in anticipation of a strong US jobs report that would signal further economic momentum.   A barrel of US benchmark West Texas Intermediate rose $1.13 to $91.56 on the New York Mercantile Exchange.   European benchmark Brent oil rose nine cents to $111.15 a barrel.   The jump in US oil prices came after a government report Thursday that showed claims for US unemployment benefits declined by 7,000 for the week ending March 2.   The ...
European wheat at 8-month low on bigger global supply      PARIS: European wheat futures extended losses on Thursday to hit an eight-month low as signs of a recovery in global supply continued to dampen prices.   Brisk weekly wheat export volumes in both the United States and European Union lent some support, suggesting a recent pullback in prices was stirring demand.   But the exports failed to spark a rally as cautious operators awaited monthly supply/demand estimates from the US Department of Agriculture on Friday to see if the ...

 



 
Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln