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What topics are related to the document above?
Patrick Petroleum Co said itsigned a definitive agreement to buy Bayou Resources Inc. As previously announced, the transaction is valued at about8.8 mln dlrs, including 2.8 mln dlrs in debt. Under the agreement, Patrick will pay six dlrs per sharefor each Bayou share, with additional value being given forBayou's ...
[ "acq", "crude" ]
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Thyssen AG <THYH.F> expects a fall ofbetween 15 and 20 pct in consolidated turnover in 1986/87,chief executive Dieter Spethmann said. He told journalists the exact decline would depend ondollar developments. The Thyssen group did over 50 pct of itsbusiness outside West Germany. Spethmann made no comment on 1986/8...
[ "iron-steel", "earn" ]
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The U.S. Agriculture Departmentforecast the European Community's 1986/87 wheat crop at 71.60mln tonnes, vs 71.50 mln tonnes last month. It estimated1985/86 output at 71.70 mln tonnes, vs 71.71 mln last month. E.C. 1986/87 coarse grain production is projected at 81.22mln tonnes, vs 81.19 mln tonnes last month. The 19...
[ "wheat", "grain" ]
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Japan has no plans to liberalise its farmmarkets, but will try to narrow the gap between the price offarm products at home and overseas, Agriculture MinisterMutsuki Kato said. He told reporters the move is aimed at deflecting criticismof Japanese protectionism on its agricultural goods. But Kato said he has no pl...
[ "rice", "grain" ]
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Gross domestic product is expected togrow by 4.4 pct in the year ending June 30, Finance MinisterMohammad Syeduzzaman told reporters. Inflation fell to an estimated 12 pct this fiscal year from17 pct in 1981/82, he said last night. The World Bank and other independent sources have saidinflation would be around 15...
[ "reserves", "cpi", "grain", "gnp" ]
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The following deliveries are scheduledfor April 6 against Chicago Baord of Trade Futures - Silver - 392 lots at Chicago, Illinois. Kilo Gold - 21 lots. 16 at Chicago, Illinois, 5 at NewYork, New York.
[ "silver", "gold" ]
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Britain can look forward to fairlystrong economic growth, falling interest rates and firmSterling, Barclays Bank Plc chairman-elect John Quinton said. "We should see a reasonable decline in interest rates inthe next few months, but not a great one and not a rapid one,"Quinton told a press luncheon. He said that w...
[ "interest", "gnp" ]
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A greater than anticipated need,competitive prices and political motivations could be sparkingSoviet interest in U.S. corn, industry and government officialssaid. As rumors circulated through grain markets today that theSoviet Union has purchased an additional 1.5 mln tonnes of U.S.corn, industry and government sour...
[ "corn", "grain" ]
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The record 4.9 billion dlrs rise in U.K.Reserves in May to a total 34.7 billion has lifted hopes for afurther cut in bank base lending rates after the June 11general election, market analysts said. Sterling would have risen on the much better than expectednumber but for market nerves about the poll outcome, they sai...
[ "interest", "reserves" ]
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Huge oil platforms dot the Gulf likebeacons -- usually lit up like Christmas trees at night. One of them, sitting astride the Rostam offshore oilfield,was all but blown out of the water by U.S. Warships on Monday. The Iranian platform, an unsightly mass of steel andconcrete, was a three-tier structure rising 200 ...
[ "ship", "crude" ]
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The Dutch Central Bank intervenedmodestly to support the dollar with spot market transactions,dealers said. They said the bank bought dollars against guilders as theU.S. Currency dipped to a low of 2.0013 guilders from 2.0130-40on opening, the lowest since the end of January. There was no intervention at the fix,...
[ "dlr", "money-fx" ]
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The Agriculture Department'swidening of Louisiana gulf differentials will affect countyposted prices for number two yellow corn in ten states, a USDAofficial said. All counties in Iowa will be affected, as will countieswhich use the gulf to price corn in Illinois, Indiana,Tennessee, Kentucky, Missouri, Mississippi, ...
[ "corn", "grain" ]
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The American Soybean Association (ASA)denounced European Community (EC) oilseed policies as illegalunder the General Agreement on Tariffs and Trade, andthreatened to make an unfair trade complaint if the EC does notremedy the situation. ASA Vice President James Adams told an ASA-sponsoredOutlook 87 conference: "It w...
[ "veg-oil", "soybean", "trade", "oilseed" ]
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Brazil has suspended the importationof 500,000 tonnes of maize ordered last year because of theexcellent domestic maize harvest expected this year,Agriculture Minister Iris Resende said. The Agriculture Ministry expects a record maize crop of27.7 mln tonnes, a 36 pct increase on last year's crop of 20.3mln tonnes. ...
[ "corn", "grain" ]
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The Swiss Finance Ministry is invitingtenders for a new series of three-month money marketcertificates to raise about 150 mln Swiss francs, the SwissNational Bank said. Bids would be due on March 10 and payment on March 12. The last issue of three-month paper conducted on February12 yielded 2.969 pct.
[ "interest", "money-fx" ]
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One offer but no bid was posted for SRWwheat on the call session at the St Louis Merchants Exchangetoday. There were no bids or offers for milo. June 15-July 15 bill of lading for wheat was offered at 17over July, no comparison, no bid.
[ "wheat", "grain" ]
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Pakistan's consumer price index (base1975/76) fell to 231.93 in January 1987 from 233.26 in December1986, and compared with 223.66 a year ago, the federal Bureauof Statistics said. The wholesale price index (same base) rose to 229.83 inJanuary from 229.06 in December and compared with 217.97 inJanuary 1986.
[ "wpi", "cpi" ]
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American lawmakers rallied behindPresident Reagan for the U.S. strike against Iranian targets inthe Gulf but the attack fueled a sharp new White House-Congressdebate over limits on his powers to make war. The Pentagon announced on Monday that U.S. warshipsdestroyed a non-producing oil platform used for monitoring Gu...
[ "crude", "ship" ]
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The Bundesbank accepted bids for 6.1billion marks at today's tender for a 28-day securitiesrepurchase pact at a fixed rate of 3.80 pct, a central bankspokesman said. Banks, which bid for a total 12.2 billion marks liquidity,will be credited with the funds allocated today and must buyback securities pledged on May 6....
[ "interest", "money-fx" ]
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The Commodity Futures TradingCommission has approved the Minneapolis Grain Exchange'sapplication to trade high fructose corn syrup-55, HFCS-55,futures contracts, the commission said. The contract provides for the delivery of 48,000 lbs, plusor minus two pct, of bulk HFCS-55 meeting specified standardsregarding its p...
[ "corn", "grain" ]
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Calumet Industries Inc said it expectsto report a loss from operations for its second quarter endingMarch 31, despite a strong unit sales increase. In the same year-ago period the company reported net incomeof 366,953 dlrs, or 18 cts a share. Chairman S. Mark Salvino said the expected loss isprimarily due to depr...
[ "crude", "earn" ]
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Thai rice exports rose to 72,987 tonnesin the week ended October 13 from 54,075 the previous week, theCommerce Ministry said. It said the government and private exporters shipped 26,272and 46,715 tonnes respectively. Private exporters concludedadvance weekly sales for 106,640 tonnes against 98,152 theprevious week. ...
[ "rice", "grain" ]
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Pakistan will retender for 6,000 tonnesof refined bleached deodorised palm oil for second half Marchshipment tomorrow, after failing to take up offers today, palmoil traders said.
[ "palm-oil", "veg-oil" ]
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Total Erickson Resources Ltd andConsolidated Silver Standard Mines Ltd <CDS.V> said that TotalErickson has purchased all Consolidated's interests in its DomeMountain property for 60,000 Total Erickson shares and 70,000dlrs in cash. The companies said the property has several gold-bearingveins and has considerable ex...
[ "gold", "acq" ]
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Thailand will this week seekclarification from the U.S. About its decision to freeze riceexport prices from January to early April, Commerce MinisterMontri Pongpanich said. Montri told reporters he will seek a meeting with U.S.Ambassador William Brown to determine why the U.S. Failed toset its weekly rice prices in ...
[ "rice", "grain" ]
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The joint committee of Taiwan's maizeimporters has awarded contracts to two U.S. Companies to supplytwo shipments of maize, totalling 60,000 tonnes, a committeespokesman told Reuters. Continental Grain Co of New York received the first 30,000tonne cargo contract, priced at 93.86 U.S. Dlrs per tonne,while Peavey Co o...
[ "corn", "grain" ]
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Taiwan's shipbreaking industry isexpected to decline sharply this year despite the boom in 1986because of keener competition from South Korea and China, therising Taiwan dollar and U.S. Import curbs on steel products,industry sources said. Last year, Taiwanese breakers demolished a record 344vessels totalling 3.69 m...
[ "iron-steel", "ship" ]
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Newly-installed Philippine CoconutAuthority Chairman Jose Romero has announced the appointment oflawyer Leandro Garcia as administrator, replacing Colonel FelixDuenas who is returning to military duty. The new constitution does not allow military men to holdpositions in civilian agencies. Duenas and four other mi...
[ "coconut", "oilseed" ]
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The European Community authorised theexport of 25,000 tonnes of barley yesterday, bringing thecumulative total at weekly tenders since the series startedlast June to 3.33 mln tonnes, close to the 3.37 mln underlicence in the same year ago period, traders said. All bids for wheat were rejected. However, the total tod...
[ "barley", "grain" ]
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Honduras will tender March 26 underPL480 for U.S. and non-U.S. flag vessels to import 1,500 tonnesof tallow in bulk, an agent for the country said. The agent said delivery includes laydays of April 5-15. Offers are due by 1200 hrs EST, March 26, and will remainvalid until the close of business the following day, ...
[ "livestock", "ship" ]
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From April through December 1986,the Commodity Credit Corporation (CCC) issued 3.85 billion dlrsworth of generic certificates and about 1.8 billion had notbeen exchanged by January 1, 1987, the U.S. AgricultureDepartment said. The department said an additional 4.3 billion dlrs incertificates has been authorized for ...
[ "wheat", "grain", "corn" ]
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The Commodity Credit Corporation (CCC)has reallocated 50.0 mln dlrs in credit guarantees from thepreviously announced undesignated line to provide additionalguarantees for sales of feedgrains, oilseeds, and wheat toSouth Korea, the U.S. Agriculture Department said. The department said the action increases the feed g...
[ "wheat", "grain", "oilseed" ]
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Argentina's total oil and gasproduction fell 9.4 pct in February to 2.78 mln cubic metresfrom January's total of 3.11 mln cubic metres, the state oilcompany Yacimientos Petroliferos Fiscales (YPF) reported. A YPF statement blamed the drop on momentary problems owingto the summer season but gave no further details. ...
[ "nat-gas", "crude" ]
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The Finance Ministry has asked Japanesecommercial banks to moderate their dollar sales, bank dealerssaid. They said the Ministry had telephoned city and long-termbanks earlier this week to make the request. One dealer said this was the first time the Ministry hadmade such a request to commercial banks. Finance...
[ "dlr", "money-fx" ]
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Tokyo's foreign exchange market is watchingnervously to see if the U.S. Dollar will drop below thesignificant 140.00 yen level, dealers said. "The 140 yen level is key for the dollar because it isconsidered to be the lower end of the reference range. If thecurrency breaks through this level, it may decline sharply,"...
[ "dlr", "money-fx", "yen" ]
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The upcoming five-month deficiencypayments to corn and sorghum farmers will be made half in cashand half in generic commodity certificates, a seniorAgriculture Department official told Reuters. Around 300 mln dlrs of the in-kind certificates, or"certs," will be mailed out to farmers around March 15 or 16,Tom von Gar...
[ "corn", "grain", "sorghum" ]
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The U.S. Agriculture Department saidit has extended until April 17 the date by which AgriculturalStabilization and Conservation county offices must determineeligibility of individuals or other entities for payments under1987 farm programs. Jerome Sitter, director of ASCS's Cotton, Grain and RicePrice Support Divisio...
[ "rice", "grain", "cotton" ]
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The Commodity Credit Corporation,CCC, has accepted bids for export bonuses to cover sales of25,000 tonnes of wheat flour to Iraq, the U.S. AgricultureDepartment said. The department said the bonuses awarded averaged 116.84dlrs per tonne. The shipment periods are March 15-April 20 (12,500 tonnes)and April 1-May 5 ...
[ "wheat", "grain" ]
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The U.K. Will ship 39,250 tonnes of feedwheat to China this month as food aid at a cost to the Britishaid program of 3.4 mln stg, the Overseas DevelopmentAdministration (ODA) said. The wheat will be supplied by grain exporter Ceres UK Ltd. As part of the European Community's obligation under theFood Aid Conventio...
[ "wheat", "grain" ]
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The U.S. Agriculture Department gavethe following breakdown of grain remaining in the farmer-ownedgrain reserve as of April 1, in mln bushels, by reserve number-- I II III IV V VI Wheat nil nil 0.1 0.3 10.5 479.7 Corn -- -- -- 4.1 1,231.9 -- Sorghum-x -- --...
[ "sorghum", "wheat", "corn", "barley", "grain" ]
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Lured by the weakening dollar and theconviction that oil prices are poised for a rebound, Europeanenergy companies are buying up cheap U.S. oil and gas reservesto replenish their supplies, oil industry analysts said. They said owning oil reserves in a politically stableUnited States is good insurance against future ...
[ "nat-gas", "crude" ]
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World seaborne iron ore imports willfall sharply by the year 2000 with declining imports to the ECand Japan only partially offset by increased demand from SouthEast Asia, a report by Ocean Shipping Consultants said. The report predicts annual world seaborne iron ore importsof 267.7 mln tonnes by 2000 versus 312.4 ml...
[ "ship", "iron-steel" ]
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A panel of four leading economiststold a congressional hearing today that foreign economies willneed to expand to avoid recession as the U.S. trade deficitdeclines. C. Fred Bergsten, a former senior Treasury Departmentofficial, and Robert Solomon of the Brookings Institution toldthe Senate Foreign Relations Committe...
[ "money-fx", "trade" ]
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Zambia's talks with the World Bank andInternational Monetary Fund (IMF) on a financial rescue packagehave run into difficulties on the issue of food subsidies, anofficial newspaper said. The Times of Zambia, which is run by the ruling UnitedNational Independence Party (UNIP), quoted official sources assaying the IMF...
[ "grain", "money-fx", "corn" ]
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Chicago Mercantile Exchange floortraders and commission house representatives are guesstimatingtoday's hog slaughter at about 280,000 to 300,000 head versus294,000 week ago and 303,000 a year ago. Cattle slaughter is guesstimated at about 120,000 to126,000 head versus 120,000 week ago and 124,000 a year ago.
[ "livestock", "hog" ]
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Occidental Petroleum Corp said ithas completed the acquisition of Shell Oil Co's vinyl chloridemonomer business for undisclosed terms. Shell is a subsidiary of Royal Dutch/Shell Group <RD> <SC>. The company said the transaction will allow it to sourceover half its vinyl chloride monomer requirements internally,ma...
[ "pet-chem", "acq" ]
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The State Department says many U.S.diplomatic missions overseas are on high alert for possibleretaliation from Iran for Monday's attack on two Iranian oilplatforms by American forces in the Gulf. At the same time, the Pentagon announced on Tuesday thatU.S. forces have begun escorting another Kuwaiti tanker convoysou...
[ "ship", "crude" ]
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The Federal Reserve is not expected tointervene in the government securities market to add or drainreserves at its usual intervention time this morning,economists said. With the Federal funds rate trading comfortably at 6-9/16pct, down from yesterday's 6.74 pct average, economists saidthe Fed did not need to take r...
[ "interest", "money-fx" ]
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U.S. Agriculture Secretary RichardLyng said he was not sure a long-term U.S.-Soviet grainagreement would be worth extending when it expires next year. "It hasn't been worth much in the last two years....Theyhaven't lived up to the agreement as I see it," Lyng said in aninterview with Reuters. "It would be my thou...
[ "corn", "grain", "wheat" ]
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France voiced its comprehension for a U.S.Attack on an Iranian target while calling for a swift halt tothe Gulf War to avoid further escalation. "The French authorities reaffirm their attachment to thefreedom and security of navigation and to the right of allstates to take action under international law and the Unit...
[ "ship", "crude" ]
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Portugal may have purchased a 30,000tonne cargo at its tender today for up to 43,000 tonnes ofnumber two yellow corn (14.5 pct maximum moisture) for arrivalby April 30, shipment via Gulf ports, U.S. exporters said.
[ "corn", "grain" ]
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Shifts from mild to very coldweather in East Germany damaged winter barley and late sownwinter wheat in central regions and barley north of Berlin, theU.S. agricultural officer in East Berlin said. In a field report, the officer said indications were thatwinter kill might well be more than 100,000 hectares comparedw...
[ "wheat", "grain" ]
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U.S. authorities intervened in theforeign exchange market to support the dollar on one occasionduring the period between the start of November 1986 and theend of January, the Federal Reserve Bank of New York said in areport. The Fed's quarterly review of foreign exchange operationssaid that the U.S. bought 50 mln dl...
[ "dlr", "money-fx", "yen" ]
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U.S. Agriculture SecretaryRichard Lyng will ask the Japanese Government to remove allbeef import restrictions when he visits there next month. Lyng's remarks came in a speech at Oklahoma StateUniversity today. "We think Japanese consumers should have the same freedomof choice as our consumers. Look at all the Jap...
[ "carcass", "livestock" ]
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Asked what the U.S. StateDepartment's policy is on offering subsidized wheat to Moscow,Secretary of State George Shultz told a group of farm leadersthat U.S. products must be competitive in the world market. "If we are going to sell our products, whatever they maybe, wheat or anything else, then we have to meet the ...
[ "wheat", "grain" ]
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The U.S. Agriculture Departmentannounced the following prevailing world market prices of riceon a loan-rate basis, with previous prices -- -- Long grain whole kernels 5.87 cts per lb vs 5.70 -- Medium grain whole kernels 5.28 cts per lb vs 5.12 -- Short grain whole kernels 5.22 cts per lb vs 5.06 -- Broken...
[ "rice", "grain" ]
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The Bank of Japan intervened in the marketin the early afternoon, buying dollars around 147.30 yen andcontinuing to buy them as high as 147.50 yen, dealers said. The Bank intervened just after the dollar started rising onbuying by securities houses at around 147.05 yen, and hoped toaccelerate the dollar's advance, t...
[ "money-fx", "dlr" ]
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The Soviet Union featured prominently inU.K. Grain exports outside the EC for the period July 1/March13, taking a combined total of 1.10 mln tonnes of wheat andbarley out of all-destination U.K. Exports of 7.16 mln tonnes,the Home Grown Cereals Authority said, quoting provisionalCustoms and Excise figures. The Sovie...
[ "wheat", "grain", "barley" ]
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Pressure is growing in the financialmarkets for the U.S. to take overt action to stabilize thedollar even though doubts linger that it has fallen far enoughto help redress world trade imbalances, economists and dealerssaid. Some experts believe that a half-point increase in the U.S.discount rate, preferably in conju...
[ "money-fx", "dlr", "interest" ]
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Floating-rate notes denominated in aforeign currency, a relatively new wrinkle on Wall Street, willprobably be issued infrequently because the so-called "windowof opportunity" opens and closes quickly, traders say. "In just two days we had as many issues. As a result, themarket became glutted," said one trader. H...
[ "austdlr", "nzdlr" ]
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The Dutch central bank announced neweleven-day special advances at an unchanged 5.3 pct to aidmoney market liquidity, covering the period March 9 to 20. The amount will be set at tender on Monday March 9 between0800 and 0830 GMT. The new facility will replace the current4.8 billion guilders of seven-day advances exp...
[ "interest", "money-fx" ]
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The U.S. Department of Agriculture'sforecast that French end-of-season soft wheat stocks willalmost double in 1987/88 is premature but would not besurprising, according to French cereal organisation officials. The Cereals Intervention Board, ONIC, Wheat Producers'Association and the National Union of Agricultural an...
[ "wheat", "grain", "corn" ]
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The Bank of England said it gave themoney market late, unspecified assistance of around 185 mlnstg. This takes the total liquidity injected into the system bythe bank today to 1.026 billion stg compared with a shortage itestimated at around one billion stg. Overnight interbank sterling dipped to 10 nine pct after...
[ "interest", "money-fx" ]
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U.S. Trade Representative ClaytonYeutter suggested the U.S. could file a formal complaint withthe General Agreement on Tariffs and Trade (GATT) challengingCanada's decision to impose duties on U.S. corn imports. Asked about the Canadian government decision to apply aduty of 84.9 cents per bushel on U.S. corn shipmen...
[ "corn", "grain" ]
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The National Pork Board announced at theAmerican Pork Congress convention in Indianapolis that refundsunder the legislative checkoff program are running less thanexpected. The Board oversees collection and distribution of fundsfrom the checkoff program that was mandated by the 1985 farmbill. Virgil Rosendale, a pork...
[ "carcass", "livestock" ]
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Central bankers said theywere generally satisfied with the response to the Paris accordtwo weeks ago to stabilize currencies at around current levels. Speaking after a meeting at the Bank for InternationalSettlements (BIS), which reviewed the agreement, they alsowelcomed interest rates cuts in France and today's dro...
[ "interest", "money-fx" ]
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The Panamanian bulk carrier Juvena isstill aground outside Tartous, Syria, despite discharging 6,400tons of its 39,000-ton cargo of wheat, and water has enteredthe engine-room due to a crack in the vessel bottom, LloydsShipping Intelligence Service said. The Juvena, 53,351 tonnes dw, ran aground outside Tartousport ...
[ "wheat", "grain", "ship" ]
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Grain analysts surveyed by the AmericanSoybean Association, ASA, projected acreage this year at 59.1mln acres of soybeans and 64.7 mln acres of corn. In 1986, farmers planted 61.5 mln acres of soybeans and76.7 mln acres of corn, according to the February 9 USDAsupply/demand report. The USDA is to release its 1987 pl...
[ "oilseed", "corn", "soybean", "grain" ]
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Total corn sales by Argentina to theSoviet Union are only 1.5 to 1.8 mln tonnes, with deliveryspread out from March to June, the U.S. AgricultureDepartment's Counselor in Buenos Aires said in a field report. The report, dated March 27, said many sources have statedthat the Soviet Union was initially interested in pu...
[ "grain", "corn" ]
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Iran's top war spokesman Ali AkbarHashemi Rafsanjani on Tuesday called the U.S. Attacks on two ofits Gulf oil platforms an escalation and promised retaliation. "God willing, we will carry out our duty in the coming daysand make them sorry," said Rafsanjani in a speech to Parliamentlater broadcast by Tehran Radio. ...
[ "ship", "crude" ]
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The Senate Agriculture committee votedto limit changes in county loan rate differentials startingwith the 1988 crop as part of a budget deficit reductionpackage. The panel also approved measures that could trigger largercorn and wheat acreage reduction requirements, increasefarmer-held reserve storage payments, redu...
[ "veg-oil", "grain" ]
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Australia is risking wheat exportsales by not providing enough specific quality grades to meetbuyer requirements, the Australian Wheat Board (AWB) said. "Many AWB customers are becoming increasingly qualityconscious, demanding strict adherence to contractual qualityspecifications," the board said in a submission to ...
[ "wheat", "grain" ]
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The Bundesbank did not intervene asthe dollar was fixed lower at 1.8218 marks after 1.8243yesterday, dealers said. Dealers said dollar trading was very quiet over theEuropean morning, with operators made wary by today's meetingof the Group of Five finance ministers and central bank chiefsahead of the full IMF/World ...
[ "dlr", "money-fx" ]
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Kenya's coffee and tea growing areasremained generally dry for the second consecutive week, in theperiod to April 28, weather and farming sources said. All areas east and west of the Rift Valley recorded below25 mm of rain with western Kericho town having only 21 mm, theysaid. Kericho, which last year received 387 m...
[ "coffee", "tea" ]
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The Turkish Central Bank set aLira/Dollar rate for April 8 of 784.50/788.42 to the Dollar,down from the previous 784.35/788.27. The Bank also set a Lira/Mark rate of 430.60/432.75 to theMark, down from the previous 429.35/431.50.
[ "dmk", "dlr", "money-fx" ]
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The U.S. Agriculture Department saidprivate U.S. exporters reported new sales of 900,000 tonnes ofcorn to the Soviet Union and 350,000 tonnes of corn switchedfrom previously announced unknown destinations to the USSR. The corn is for delivery during the 1986/87 marketing yearand under the fourth year of the U.S.-USS...
[ "corn", "grain" ]
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Fritz Leutwiler, chairman ofBBC AG Brown Boveri und Cie and a former Swiss National Bankpresident, urged the National Bank to declare its intent ofachieving a rising rate for the mark against the Swiss franc. In a speech to shareholders, Leutwiler said, "A graduallyrising rate for the mark in relation to the franc w...
[ "sfr", "money-fx", "dmk" ]
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The Canadian government is expectedto announce later this week its final ruling whether U.S. cornexports to Canada have injured Ontario corn growers, U.S.government and farm group representatives said. The deadline for a final determination is March 7. U.S. officials said they are encouraged by the outcome in asi...
[ "corn", "grain" ]
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Bank of Japan governor Satoshi Sumitasaid the central bank has no intention of cutting its discountrate again as a way of preventing the yen's rise. He told a press conference that the growth of Japanesemoney supply remains high. The bank will have to watch closely various developmentsresulting from its already e...
[ "money-fx", "interest" ]
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Two days of talks between management andunions to try to end the 3-1/2 month labour dispute at CargillU.K. Ltd's oilseed crushing plant at Seaforth ended yesterdaywithout resolving the situation, a company spokesman said. Fresh talks are expected to be held early next week but theactual date has not yet been fixed, ...
[ "veg-oil", "soybean", "soy-meal", "soy-oil", "oilseed" ]
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Indonesia's exports of tea and cocoawill continue to rise in calendar 1987 but coffee exports areforecast to dip slightly in 1987/88 (April-March) as thegovernment tries to improve quality, the U.S. Embassy said. The embassy's annual report on Indonesian agricultureforecast coffee output in 1986/87 would be 5.77 mln...
[ "cocoa", "tea", "coffee" ]
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Contract terms for trade in coconutoil are to be changed from long tons to tonnes with effect fromthe Aug/Sep contract onwards, Dutch vegetable oil traders said. Operators have already started to take account of theexpected change and reported at least one trade in tonnes forAug/Sept shipment yesterday. The Feder...
[ "coconut-oil", "veg-oil" ]
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Weekend rain over the Western Corn Beltbrought further relief to crop areas that had been dry earlierthis month, and developing weather patterns will bring welcomemoisture to central and eastern belt locations this week,according to Dale Mohler, senior meteorologist for Accu-WeatherInc. "There is going to be more ra...
[ "oilseed", "corn", "soybean", "grain" ]
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Zambia's marketed maize production willprobably fall to less than 630,000 tonnes in 1986/87 (May-Apr),from 918,000 last year, because of poor rainfall in majorproducing areas, Agriculture Minister Kingsley Chinkuli said. He told Parliament that in the southern provinces theharvest would be over 50 pct down on the le...
[ "corn", "grain" ]
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Major U.S. banks may lift primelending rates again within days due to recent increases intheir borrowing costs and speculation the Federal Reserve isnudging up interest rates to help the dollar, economists said. In what was the first prime rate boost since mid-1984, mostbanks in early April lifted their rates a quar...
[ "money-fx", "interest" ]
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Standard Oil Co said a contract hasbeen awarded to <CBS Engineering Inc> for a drilling andproduction platform to be installed in Ewing Bank Block 826 inthe Gulf of Mexico where Standard and Mobil Corp each own a 40pct interest. Standard said its Standard Oil Production Co subsidiarywill operate the platform which i...
[ "nat-gas", "crude" ]
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The U.S. Agriculture Departmentannounced it accepted three bids from two exporters for exportbonuses to cover sales of 54,000 tonnes of durum wheat toAlgeria. USDA said the bonuses awarded were 42.45 dlrs per tonne, tobe paid in the form of commodities from CCC inventory. The bonus awards were made to Cam USA Inc...
[ "wheat", "grain" ]
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French gross domestic product should growby 2.3 pct in 1988 after two pct growth this year and 2.1 pctin 1986, the Finance Ministry said. The latest forecast, prepared by the National Accounts andBudget Commission, assumed an exchange rate of 6.20 francs tothe dollar this year and next and an average oil import pric...
[ "jobs", "trade", "retail", "gnp" ]
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Kelley Oil and Gas Partners Ltd said ithas agreed to purchase all of CF Industries Inc's oil andnatural gas properties for about 5,500,000 dlrs, effective July1. It said the Louisiana properties had proven reserves atyear-end of 11 billion cubic feet of natural gas and 85,000barrels of oil, condensate and natural ga...
[ "crude", "acq", "nat-gas" ]
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Turkey's Central Bank set a lira/dollarrate for April 3 of 782.50/786.41 to the dollar, down from780.00/783.90. It set a lira/D-mark rate of 428.30/430.44 tothe mark, up from 429.15/431.30.
[ "dlr", "money-fx", "dmk" ]
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Portugal's economy, which has beenenjoying one of its most buoyant periods in more than a decade,may now be strong enough to shrug off the country's latestgovernment crisis, analysts said. But the April 3 ousting of Prime Minister Anibal CavacoSilva's government could slow economic reforms and investmentas Portugal ...
[ "bop", "gnp", "cpi" ]
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Grain traders said they were stillawaiting results of yesterday's U.K. Intervention feed wheattender for the home market. The market sought to buy 340,000 tonnes, more than doublethe remaining 150,000 tonnes available under the currenttender. However, some of the tonnage included duplicate bidsfor supplies in the sa...
[ "grain", "wheat" ]
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The joint committee of Taiwan's soybeanimporters awarded a contract to Cargill Inc of Minneapolis,Minnesota, for supply of one 32,000 tonne cargo of U.S.Soybeans, a committee spokesman told Reuters. The cargo, priced at 249.10 U.S. Dlrs per tonne c and fTaiwan, is set for delivery before July 7, he said. The comm...
[ "soybean", "oilseed" ]
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The Bank of England said it has forecasta shortage of around 700 mln stg in the system today. Among the main factors, maturing assistance and take-up oftreasury bills will drain 546 mln stg, bills for repurchase bythe market 76 mln, a rise in note circulation 310 mln andbankers balances below target 105 mln. The ...
[ "interest", "money-fx" ]
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Trade between Argentina and Braziljumped 90 pct in 1986 versus 1985, Foreign Minister DanteCaputo said. Speaking to reporters, Caputo said the near doubling intrade showed the "tangible and immediate results" of a wide-ranging economic integration accord signed by the presidents ofboth countries last July. He sai...
[ "grain", "trade", "wheat" ]
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New Zealand may need about 100,000tonnes of wheat this year, which would normally come fromAustralia, but may be from the United States, the U.S.Agriculture Department said. In its report on Export Markets for U.S. Grains, thedepartment said with the deregulation of the New Zealand WheatBoard, which normally imports...
[ "wheat", "grain" ]
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Congress should give the U.S.Agriculture Secretary the authority to keep the 1987 soybeanloan rate at the current effective rate of 4.56 dlrs per bushelin order to help resolve the problem of soybean exportcompetitiveness, USDA undersecretary Dan Amstutz said. Speaking to reporters following a Senate AgricultureAppr...
[ "soybean", "oilseed" ]
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The U.S. Mint said it is seekingoffers on 3,701,000 lbs of electrolytic copper and 629,000 lbsof electrolytic cut nickel cathodes or briquettes that itintends to purchase. It said both metals are for delivery in the week of May 11to Olin Corp, East Alton, Ill. Offers for the copper are due by 1100 hrs EDT, April ...
[ "nickel", "copper" ]
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Consolidated Natural Gas Co said itsCNG Producing Co subsidiary, bidding alone or with partners,was the apparent high bidder on six of seven tracts it south atWednesday's sale of federal oil and gas leases in the Gulf ofMexico. The company said it share of the six bids totaled 6.2 mlndlrs. Its 100 pct interest bids ...
[ "nat-gas", "crude" ]
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Japanese feed and starch makers activelybought U.S. Corn last week, C and F basis, for July/Septembershipment in view of bullish freight rates following activeinquiries by the Soviet Union, trade sources said. Some said the makers were seen buying some 30 pct of theirrequirements, estimated at about three mln tonnes...
[ "corn", "grain" ]
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