SATA-Bench
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SATA-Bench is a multi-domain benchmark designed for 'Select-all-that-apply' questions.
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What topics are related to the document above? | India's castor oil exports areprovisionally estimated at 30,000 tonnes in fiscal 1986/87,ending March 31, against 54,000 tonnes in 1985/86 due to ashortfall in the domestic castorseed crop, private traderssaid. Drought in parts of the country is expected to reduce thecastorseed crop to a provisionally estimated 350,000 tonnes in1986/87 from 550,000 tonnes in 1985/86, they told Reuters. | [
"oilseed"
] | [
"reserves",
"sugar"
] |
What topics are related to the document above? | The West German Cabinet approved a plan tomint a special 10-mark coin commemorating the 30th anniversaryof the European Community this year. The silver-copper alloy coin will be minted in an editionof 8.35 mln, a Finance Ministry statement said. | [
"silver"
] | [
"inventories",
"tea",
"veg-oil",
"castor-oil"
] |
What topics are related to the document above? | The European Community's cerealmanagement committee rejected all bids to export free marketsoft wheat at today's weekly tender, traders said. The committee awarded 123,000 tonnes of free market barleyexport licences at a maximum export refund of 138.75 Ecus pertonne. | [
"barley"
] | [
"soybean",
"rubber",
"can"
] |
What topics are related to the document above? | Agriculture Ministry officials said theyare not considering cuts in import duties on chocolate to helpease friction with the United States over agricultural trade. Japan has already lowered the duties sharply and we mustconsider domestic market conditions, an official said. Duties on chocolate were cut to 20 pct from 31.9 pct inApril 1983. Washington has been demanding a cut to seven pct,equivalent to its own duties, ministry sources said. Japanese chocolate imports rose to 8,285 tonnes in calendar1986 from 5,908 in 1985, official statistics show. However, the ministry sources added it is possible thegovernment may make further cuts in response to strong U.S. AndEuropean demand. "Due to concern about the farm trade row with the U.S.,Top-level government officials may press the ministry to cutthe duties," one said. But he said it would be difficult for Japan to resolve itsoverall trade row with Washington and reduce its trade surplus,which reached 58.6 billion dlrs in 1986. Agricultural trade issues between Japan and the U.S.Include Japanese import restrictions on 12 farm products. | [
"trade"
] | [
"bfr",
"hk",
"palm-oil",
"soybean"
] |
What topics are related to the document above? | French Finance Minister Edouard Balladursaid the Group of Seven major industrial nations, G-7, canachieve stable currency values by adhering to accords reachedthis year in Paris and Washington. Balladur, asked at a news conference if coordinated marketintervention by central banks was sufficient to halt thedollar's recent slide, said "each country has to fulfillcommitments" outlined in the G-7 accords. Earlier this month in Washington, finance ministers of theU.S., Japan, West Germany, France, Italy, Britain and Canadareaffirmed an earlier Paris accord to arrest the dollar's fall. Balladur said the current nervousness in foreign exchangemarkets can be partly attributed to "some operators in themarket only watching short term economic indicators. You haveto keep a cool head," he said, declining to elaborate further. In an earlier speech before the Milan Chamber of Commerce,the minister said European countries have to seek "a betterconsensus of economic and monetary policies." On the European Monetary System, he said, "The persistentvulnerability of the foreign currency mechanism, particularlyto the movements of the dollar, can be explained by the absenceof a common policy for currencies of other countries." Balladur said, "I am profoundly convinced that the Europeancountries have to define together this position with respect tothe dollar and the yen." He said Italy eventually would have to abandon its highermargin of fluctuation within the European Montetary System. "Ihope that the spectacular improvement of the economic situationand of the balance of payments will permit (Italy) to do itsoon." The lira is currently allowed a fluctuation margin eitherside of its agreed midpoints with other EMS currencies of sixpct, against 2.25 pct permitted for the other members. | [
"lit"
] | [
"dfl",
"nickel",
"gold"
] |
What topics are related to the document above? | Exports of French soft wheat for theperiod July 1, 1986, to March 1, 1987, fell 27.6 pct to 8.21mln tonnes from 11.34 mln tonnes in the same 1985/86 period,the national cereals office ONIC said quoting customs figures. Of this total, exports to non-EC countries totalled 3.76mln tonnes, 34 pct down on 5.70 mln, and exports to EC nations4.45 mln tonnes, 21.1 pct down on a previous 5.64 mln. Main EC destinations were Italy with two mln tonnes versus1.9 mln, Belgium 500,000 tonnes (one mln), Netherlands 500,000(600,000), West Germany 500,000 (800,000), Spain 300,000(zero), Britain 300,000 (700,000), Greece 200,000 (300,000),and Ireland 100,000 (200,000). In flour, exports totalled 980,000 tonnes, up 6.5 pct on aprevious 920,000 tonnes. Exports of maize totalled 4.11 mln tonnes, 37.4 pct up on aprevious 2.99 mln. Exports to non-EC countries were 190,000tonnes against 140,000 and to EC countries 3.92 mln tonnesagainst 2.84 mln. Main EC desinations were Netherlands 900,000 (600,000),Belgium 800,000 (one mln), Britain 700,000 (500,000), WestGermany 400,000 (same), Italy 300,000 (200,000) and Greece300,000 (zero). | [
"corn"
] | [
"nzdlr",
"copper",
"tin"
] |
What topics are related to the document above? | The U.S. grain planting intentions andstocks reports bear optimistic news for U.S agriculture, agrain analyst on a Chicago Board of Trade panel said. The decline in intended soybean acreage and lower stocksare "the first report we've had for a long time that shows anyoptimism for anybody," said John "Bud" Frazier, grain analystand executive vice president for Balfour MacLaine, Inc. "I'm really excited about it," Frazier said. The U.S. Department of Agriculture said farmers intend toplant 67.6 mln acres of corn, down from 76.7 mln planted lastyear, and 56.8 mln acres of soybeans, down from 61.5 mln. The report showed March 1 stocks of 1.4 billion bushels ofsoybeans, 8.3 billion bushels of corn, and 2.3 billion bushelsof wheat, all below trade guesses. Frazier was joined by Susan Hackmann, senior grain analystwith AgriAnalysis, and Mark Meyer, a grain analyst withShearson Lehman Brothers, Inc., on a Chicago Board of Tradepanel to discuss the reports. Frazier said the stocks reports in particular were friendlyfor the market, and soybean prices would jump three to fivecents a bushel "if the bell rang right now." "We're getting our disappearance up. We have less (corn andsoybeans) than we thought we had," he said, noting that hog andpoultry production is up. "We're seeing low prices generate some interest in demand,"said Meyer, adding that feed use was up 13 pct last quarter and15 pct in the preceding quarter. However, Hackmann said production could continue to exceedconsumption. She noted that most of the reductions in soybean acres camein southeastern states, where yields are usually low. "We have the potential for record breaking soybean yieldsthis year, (which) will temper the enthusiasm on tomorrow'sopening," she said. Hackmann said record corn yields also are possible, and thecrop could reach 7.1 billion bushels, which would be down fromlast year's 8.25 billion bushels. "We'll need very good disappearance next year to reducestocks," she said. The USDA estimated disappearance last yearat 6.7 billion bushels. Hackmann said the stocks report was positive for the longterm, "But we still have a long way to go to bring stocks downto where we could start rebuilding prices." Frazier also cautioned that the soybean acreage reportcould prompt farmers to change their plans and plant moresoybeans. The panelists agreed that the reports should discouragetalk of revising the 1985 farm bill. "There seems to be no desire ... to change the farm lawwe're working under today, and this report should reinforcethat," Frazier said. "We are seeing the program beginning to work," said Meyer. | [
"grain"
] | [
"coffee",
"rapeseed"
] |
What topics are related to the document above? | U.S. Agriculture Department (USDA)figures for highly-erodible land enrolled into the ConservationReserve Program were regarded by most grain analysts as neutralto bearish, although some said a full state-by-state breakdownwould be needed to assess the full price impact. "Out of 10.5 mln acres only 1.9 mln acres were accepted incorn -- That's neutral at best and perhaps bearish to what thetrade was looking for," Dale Gustafson of Drexel BurnhamLambert said. The USDA said it had accepted 10,572,402 more acres intothe conservation program out of bids on a total of 11,254,837acres. Gustafson said he would not be changing his estimate ofplanted acreage for corn as a result of the latest figures, butsome other analysts said they would adjust their estimatesslightly. The USDA is due to release planting intentionsfigures March 31. Indications of a heavy sign-up in the conservation programrecently lowered most trade estimates of corn planted acreageto 63.0 to 67.0 mln acres from 67.0 to 69.0 mln. Richard Loewy, analyst with Prudential Bache Securities,said there was not enough information to completely assess theconservation figures. "The 1.9 mln acres on corn is certainlydisappointing," he added. The USDA later released the state-by-state breakdown of theenrollment figures. Loewy said the initial figures appeared to be negative forboth new crop corn and soybeans, and might possibly mean anupward adjustment in planting intention figures. Asked about the impact on the flow of generic certificatesonto the market this spring, he said: "The trade was definitelylooking higher, so certificates are going to be less thanexpected." The USDA offered a special corn "bonus" rental payment tothe farmers to be paid in generic certificates. The bonusamounts to two dlrs per bushel, based on the farm programpayment yield for corn, for each acre of corn accepted into thereserve. Katharina Zimmer, analyst for Merrill Lynch Futures, saidthe conservation sign-up was slightly higher than she hadexpected, although she noted that some trade expectations wereconsiderably higher than the actual figures. "I think it is friendly for the market, at least in thelong run," she said. Susan Hackmann of AgriAnalysis said there was someconfusion over whether trade ideas of an enrollment figurebetween 15 and 18 mln acres referred to the total sign-up orthe latest addition. "It seems the trade was looking for more acres to be bidinto the program," she said. Hackmann said she would not make much change to her ideasabout corn planting figures as a result of the conservationsign-up. She added that while some trade guesses were as low as61 mln acres, she was looking for corn plantings to be in thehigh 60's. Zimmer of Merrill Lynch said she would be making a slightreduction of about one mln acres in her planting estimate toaround 64 mln acres. New crop corn prices at the Chicago Board of Trade firmedearlier this week on ideas of a large sign-up in the program,despite the fact that acres enrolled are generally pooryielding and not likely to make a substantial difference tofinal production figures. | [
"grain"
] | [
"oilseed",
"gas",
"earn",
"castor-oil"
] |
What topics are related to the document above? | 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 asimilar case covering European pasta imports. In that case,Canada decided pasta imports, which take about ten pct of theCanadian market, did not injure domestic producers. U.S. cornexports represent only about five pct of the Canadian market. Canada slapped a 1.05 dlrs per bushel duty on U.S. cornimports in November 1986, but reduced the duty to 85 cts lastmonth because the Canadian government said U.S. subsidies to corn producers were less than Canada earlier estimated. | [
"grain"
] | [
"lead",
"soy-oil",
"sun-meal",
"trade"
] |
What topics are related to the document above? | With less than a week remaining toenroll in the 1987 feedgrains program, Agriculture Departmentofficials said that final signup will probably exceed lastyear's level of 85 pct. Enrollment in USDA's basic acreage reduction program willlikely total close to 90 pct, Agricultural Stabilization andConservation Service, ASCS, officials said, with 50 to 70 pctof the enrolling farmers also expected to sign up for the paidland diversion program. The signup period of the 1987 feedgrains program officiallyends at the close of the business day on March 30. USDA will release its official signup report around April15, an official said. USDA personnel in the corn belt states of Iowa, Illinois,and Indiana have been reporting heavy signup activity, an ASCSofficial told Reuters. A surge of acitivity is expected during this final week ofsignup, the official said. "A lot of farmers have been dragging their feet becausethey were anticipating some changes in the program, but thatdoesn't look very likely now," he said. To enroll in the 1987 feedgrains program, farmers have toset aside 20 pct of the program acreage base, and have theoption to idle an additional 15 pct under a paid land diversionprogram. | [
"grain"
] | [
"palm-oil",
"yen",
"plywood",
"fishmeal"
] |
What topics are related to the document above? | Australian markets are booming as foreignfund managers redirect capital away from the United States andother traditional markets, analysts said. High short-term interest rates, a bullish stock market andan increasingly stable currency reflect a massive inflow offresh funds in the last two months, largely from Japanese andU.S. Investors, analysts polled by Reuters said. Fund managers want quality markets to park their cash inand have settled on Australia, Britain and Canada as theydiversify from volatile U.S. Dollar instruments, they said. A one percentage point fall in key 10-year bonds rates inthe past month, record share prices and a 10-month high for thecurrency of 0.71 U.S. Dlrs all illustrated the inflow. Official figures on the latest inflow of investment capitalare not available, but brokers said they received almost dailyinquiries from Japan and the United States. "These people have got trillions of dollars sloshing aboutand they don't know what to do with it. Some of that is endingup here with the attraction of high interest rates andreasonable currency stability," National Australia Bank Ltdeconomist Brian Hamley said. "There is a 'flight to quality'," Hamley said. "Australia maynot be in the best (economic) position, but there aren't toomany other countries where you'd want to put your money." The stronger Australian dollar was also attractinginvestors taking advantage of an appreciating currency againstthe volatility of the U.S. Unit, analysts said. "We're looking a more favoured market than perhaps the U.S.Where some people would be concerned about the value of theU.S. Dollar," Lloyds Bank NZA Ltd chief economist Will Buttrosesaid. "Why not put the money in Australia where entry is cheapand the currency looks stable?" But turning that capital into more permanent productiveinvestment depends on government economic policy, he said. "It will only disappear if people lose confidence in thedirection in the economy," Buttrose said, adding that offshoreinvestors would carefully watch the government's promised tougheconomic statement on May 14. While happy to invest in bonds and other vehicles yieldinginterest unobtainable elsewhere, fund managers could just aseasily reverse the flow -- particularly the Japanese, who werebadly hurt in the past by rapid falls in the Australian dollarand hefty jumps in bond rates, analysts said. "It will remain very edgy money. If something was not to bedelivered, if the statement wasn't considered tough enough, onemight see a substantial outflow," Buttrose said. Offshore investors are eager to see Australia take tougheconomic decisions to curb its 100 billion dlr foreign debt andstubborn current account deficit, analysts said. "They are giving us the benefit of the doubt and I thinkthey would like to leave the money here," Buttrose said. Reserve Bank policy has also reflected the increasedinterest in investment in Australia and the need to shieldJapanese investors from rapid currency fluctuations. Reserve Governor Bob Johnston last week acknowledged anelement of targeting the rate against the yen in currencypolicy when he said authorities could not take their "eyes offthe yen" because of the crucial role of Japanese investors. Analysts said they believed the Reserve Bank had workedsuccessfully in recent months to keep the Australian dollarwithin the range of 100 to 103 yen. Apart from its recovery against a weak U.S. Dollar, theAustralian dollar has also risen almost three pct on atrade-weighted basis in the last three weeks. Offshore buying has also played a role in the boomingAustralian share market. It has followed Wall Street and othermarkets, but is also setting its own trend in response to theweight of both domestic and offshore funds pouring intoequities, particularly in the gold sector. The key all ordinaries index rose to a record 1,758.3today, nearly 20 pct above its level at the end of 1986, whilethe gold index has nearly doubled to a record 3,081.0 in thesame period. The property sector is also sought after, with Japanesecompanies that have invested heavily in the United States inrecent years turning their attention to undervalued realestate, particularly in the tourism field. Analysts pointed to the recent sale of Sydney's five-starRegent Hotel to Japanese interests for more than 145 mln dlrsas indicative of the type of property being sought. "They think they find good value real estate here which,with long term and fixed capital investment, is the kind ofinvestment Australia needs," Buttrose added. | [
"interest"
] | [
"palmkernel",
"lead",
"reserves",
"tapioca"
] |
What topics are related to the document above? | The European Commission is to considerproposed new higher minimum standards for sales of durum wheatinto intervention stores, European Community sources said. They said a document drawn up by Commission officialsproposes a reduction in the maximum humidity level to 13 pctfrom 14, an increase in the minimum weight to 78 kilos perhectolitre from 76, a tightening of other technical standardsand introduction of some new ones. Current public stocks of durum wheat in the EC are 1.15 mlntonnes, of which almost 1.12 mln are in Italy. | [
"grain"
] | [
"coconut",
"groundnut-oil",
"palmkernel",
"skr"
] |
What topics are related to the document above? | French operators have requested licencesto export 320,000 tonnes of free market barley, 225,000 tonnesof maize, 25,000 tonnes of free market bread-making wheat and20,000 tonnes of feed wheat at today's EC tender, trade sourcessaid. For the barley, rebates of between 138 and 141.25 Europeancurrency units (Ecus) per tonne were sought, for maize theywere between 129.65 and 139 Ecus, for bread-making wheat around145 Ecus and for feed wheat around 142.45 Ecus. Barley rebates of up to 138.50 Ecus were requested for atotal of 40,000 tonnes and at 139 Ecus for 85,000 tonnes. Rebates of up to 130 Ecus per tonne were requested for atotal of 55,000 tonnes maize and up to 131 Ecus for 105,000tonnes, the sources said. | [
"grain"
] | [
"money-supply",
"trade"
] |
What topics are related to the document above? | Comalco Ltd said its return to profitreflected reduced costs, improved primary aluminium prices andits withdrawal from a Japanese smelter venture. It said the earlier reported 57.1 mln dlr profit for theyear ended December 31 against a 69.13 mln dlr loss in 1985 wasalso aided by lower interest rates on U.S. Dollar debt andgreater sales of bauxite and aluminium. Comalco said it expected to pay at least a four cents pershare final dividend, delayed until July 1 to take advantage ofproposed dividend imputation laws. This would make five cents for the year against a first andfinal of one cent in 1985. Comalco said the aluminium industry continues to sufferfrom low prices and excess capacity, though the weak Australiandollar had helped earnings. Comalco's Commonwealth Aluminium Corp unit said earlier ithas conditionally agreed to sell its Goldendale smelter inWashington, and port facilities at Portland, Oregon to ColumbiaAluminium Corp. Comalco said its extraordinary provision of27.3 mln dlrs costs for Goldendale losses and closure may bereduced if the sales agreement were completed. | [
"earn"
] | [
"trade",
"nkr",
"austdlr",
"peseta"
] |
What topics are related to the document above? | The climate for precious metals isimproving with prices benefiting from renewed inflation fearsand the switching of funds from dollar and stock markets,brokers Samuel Montagu and Co Ltd said. Silver prices in March gained some 15 pct in dlr terms dueto a weak dollar and silver is felt to be fairly cheap relativeto gold, Montagu said in its monthly silver newsletter. InMarch the gold/silver ratio narrowed from 74 to less than 67. The supply/demand position has improved in the past year,and despite a silver market surplus, the quantity of silver ismodest enough to be absorbed by investors, it added. The report said the firmness in oil prices was likely tocontinue in the short term. A period of consolidation might be necessary before pricesattempted to move significantly higher,it said, but so long asthe dollar remains under pressure then the outlook for silverwas positive. However silver was less likely to continue to outpace theother metals by such a margin, Montagu said. | [
"gold"
] | [
"nkr",
"retail",
"soy-oil",
"austdlr"
] |
What topics are related to the document above? | Colombian exports other than coffee rose55 pct in January compared with the same period last year,figures from the government statistics institute show. Non-coffee exports amounted to 180.8 mln dlrs fob comparedwith 147.5 mln dlrs for coffee, a drop of 42 pct from lastyear. The trade balance registered a 35 mln dlr surplus, comparedwith a 56 mln dlr surplus in January 1986. The national planning department forecast that in 1987coffee, Colombia's traditional major export, will account foronly one third of total exports, or about 1.5 billion dlrs. | [
"trade"
] | [
"jet",
"nickel",
"barley",
"peseta"
] |
What topics are related to the document above? | The Indian State Trading Corporation(STC) bought 20,000 tonnes of optional origin soybean oil and6,000 tonnes of rbd palm olein at its import tender yesterday,traders said. Pakistan, however, rejected offers at its tender for 12,000tonnes of rbd palm oil, but is expected to reenter the marketnext week, they said. The STC soyoil purchase was for May 20/Jun 20 shipment at319 dlrs per tonne cif and the palm olein for Apr 25/May 25shipment at 355 dlrs per tonne. | [
"veg-oil"
] | [
"coconut-oil",
"silver",
"nickel",
"inventories"
] |
What topics are related to the document above? | Thailand's main paddy crop is expectedto fall to 15.4 mln tonnes in the 1986/87 (Nov/Oct) season froma previous 15.68 mln estimate in November and an actual 17.35mln a year ago, the Thai Rice Mills Association said. It said a joint field survey late last month by theassociation, the Commerce Ministry and the Bank of Thailandindicated that paddy output in Thailand's northeast region islower than expected because of a drought in several provinces. The association said rice growing areas in NakhonRatchasima, Chaiyaphum, Khon Kaen and Mahasarakam wereespecially affected by low rainfalls in the second half of1986. It said last November that the drought reduced totalnational areas sown with paddy to some 8.25 mln hectares thisyear, down from 8.84 mln a year ago. The main crop represents about 85 pct of Thailand's paddyoutput. | [
"grain"
] | [
"coconut",
"orange",
"lei",
"livestock"
] |
What topics are related to the document above? | Japanese crushers bought 3,000 to4,000 tonnes of Canadian rapeseed in export business overnightfor last half May/first half June shipment, trade sources said. | [
"oilseed"
] | [
"austdlr",
"nat-gas",
"alum",
"instal-debt"
] |
What topics are related to the document above? | About 800 members of the United Food andCommercial Workers Union, UFCWU, struck John Morrell's SiouxCity, Iowa, pork processing plant at midnight Sunday, aspokesman for the UFCWU national said. Meatpackers at the plant have been working without acontract since the old pact expired January 31, UFCWU spokesmanJohn Mancuso said. The plant can slaughter and process about13,000 to 14,000 hogs a day, he estimated. The UFCWU bargaining committee and full membership rejectedin late January a contract proposal by John Morrell, asubsidiary of United Brands Inc, he said. | [
"hog"
] | [
"austdlr",
"bfr",
"cpi"
] |
What topics are related to the document above? | The Bank of England said it operated inthe money market this morning, buying 103 mln stg bank bills. The central bank bought in band one 60 mln stg at 9-7/8, inband two eight mln at 9-13/16, in band three 26 mln at 9-3/4and in band four nine mln stg at 9-11/16 pct. This compares with the bank's forecast of a 400 mln stgshortfall today. | [
"money-fx"
] | [
"corn-oil",
"gold",
"coconut-oil",
"gnp"
] |
What topics are related to the document above? | The Bank of England said it had offeredborrowing facilities to those discount houses wishing to usethem at 1430 GMT. The Bank also said it provided the money market 456 mln stgassistance in the afternoon session bringing its total help sofar today to 493 mln stg. This compares with its forecast of ashortage in the system today of around 700 mln stg. The central bank purchased bank bills outright comprising41 mln stg in band one at 10-7/8 pct 361 mln stg in band two at10-13/16 pct and 54 mln stg in band three at 10-3/4 pct. Money market dealers said the Bank of England has recentlyused the offer of borrowing facilities to signal that it doesnot want to see an early reduction in U.K. Base lending rates. The Bank does this by lending to the discount houses atrates of interest higher than its prevailing money marketdealing rates. | [
"money-fx"
] | [
"copra-cake",
"rape-oil",
"gnp",
"crude"
] |
What topics are related to the document above? | 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 same stores. Since the tenders started last July 861,000 tonnes ofBritish feed wheat have been sold back to the home market. | [
"wheat"
] | [
"peseta",
"f-cattle",
"jobs",
"silver"
] |
What topics are related to the document above? | 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 comparedwith 38,000 last year. He said the damage was probably more limited in southernand central regions and most widespread in the north. Damage was most severe on plants above the ground wherelittle or no snow cover was present, he added. The officer said heavy frosts at night followed by sunshineduring the day led to some heaving, particularly for welldeveloped plants and for winter barley. Furthermore, as the ground surface thawed, some standingwater occurred in the fields. The officer said repairing damage will probably call forspecial measures this spring in fields with damaged plants andwhere stands are thin. Harrowing, as well as well-timedapplications of nitrogen, will be necessary, he added. | [
"grain"
] | [
"wool",
"livestock",
"castor-oil",
"lit"
] |
What topics are related to the document above? | French operators have requested licencesto export 40,000 tonnes of free market feed wheat, 32,500tonnes of soft bread wheat, 375,000 tonnes of barley and465,000 tonnes of maize at today's European Community tender,trade sources here said. Rebates requested ranged between 134 and 136.50 Europeancurrency units (Ecus) a tonne for the feed wheat, 137.39 and141.50 Ecus a tonne for the bread wheat, 137.93 and 142.95 Ecusfor the barley and 133.75 and 140.25 Ecus for the maize. | [
"grain"
] | [
"copper",
"fuel"
] |
What topics are related to the document above? | Resource Exploration Inc said it hasagreed to let <Langasco Energy Corp> drill 50 oil andnatural gas wells on its Clinton Sandstone formation within itsTuscarawas and Harrison County, Ohio area of operation. Resource said it would receive a cash payment and anoverriding royalty interest on oil and gas production fromwells drilled on the property. Resource said gas produced from the property will betransported through its existing pipeline. Also, Resource saidit will provide service work to complete the wells and it willoperate the wells after they are completed. | [
"crude"
] | [
"strategic-metal",
"ringgit",
"skr",
"cpu"
] |
What topics are related to the document above? | Brazil rejected all offers attonight's wheat tender, a Brazilian Wheat Board spokesman said. He said no date had been set for the next tender. | [
"grain"
] | [
"tapioca",
"castorseed",
"groundnut-oil",
"yen"
] |
What topics are related to the document above? | 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 Soviet total comprises 634,000 tonnes of wheat and472,000 tonnes of barley. Grain traders said the figuresunderstate shipments already made by several thousand tonnesand they expect total U.K. Grain exports to the USSR thisseason to reach 2.5 mln tonnes, comprising 1.5 mln wheat/1.0mln barley. | [
"barley"
] | [
"housing",
"coconut",
"cornglutenfeed"
] |
What topics are related to the document above? | the council of ministers approvedpetroleos de venezuela's planned purchase of a half interest inthe champlin petroleum refinery at corpus christi, texas,government sources said. The cabinet authorized energy and mines minister arturohernandez grisanti to approve the purchase in the shareholdersassembly of the state oil company petroleos de venezuela(pdvsa). Pdvsa last april 14 signed a letter of intent to buy a halfinterest in champlin's corpus christi refinery for anundisclosed sum. Under the terms of the provisional agreement, venezuelawould supply up to 160,000 barrels a day to the plant through anew company which would be jointly owned by the pdvsa andchamplin, a subsidiary of the union pacific corp <unp>. The deal would also allow pdvsa a joint share in champlin'srefinery and distribution network. The purhcase is one of a series of overseas joint venturesby which venezuela has managed to assure markets for some400,000 barrels of its approximately 1.5 mln bpd exports. Hernandez grisanti told reporters after the cabinet meetingthat pdvsa will pay 93 mln dlrs for its half ownership in thechamplin refinery - 33 mln dlrs in cash and 60 mln dlrs crudeoil and products. Through the deal, he said, venezuela will be assured thesale of at least 140,000 bpd of crude and products. Hernandez said pdsva has entered similar joint ventureswith veba oel of west germany, nynas petroelum in sweden, andcitgo in the united states. | [
"acq"
] | [
"lin-meal",
"nkr",
"bop",
"skr"
] |
What topics are related to the document above? | U.S. House and Senate budgetnegotiators agreed as part of an overall budget accord reachedyesterday, to cut 1.25 billion dlrs from fiscal 1988 spendingon agricultural programs, Congressional sources told Reuters. The agreed cut in farm programs is a compromise between 1.4billion sought by the Senate and one billion by the House. The negotiators also agreed to cut 1.6 billion from thefarm budget in fiscal 1989 and 2.45 billion in 1990, for atotal of 5.3 billion in saving over three years, sources said. The agreement presents the House and Senate Agriculturecommittees with difficult choices on how to make changes inagriculture programs that achieve the budget savings targetswithout jeopardizing popular support payments, seniorCongressional aides told Reuters. Some farm state lawmakers already are manuevering to findthe budget savings. Rep. Dan Glickman, D-Kan., Chairman of the House grainssubcommittee, has introduced a bill which would freeze wheatand corn loan rates for the 1988 crop at the current 2.28 dlrsand 1.92 dlrs respectively, saying it would save 500 mln dlrs. House Agriculture Committee chairman Kika De la Garza hassaid the committee will consider the Glickman proposal. But Congressional sources said the proposal is unlikely tobe approved because of opposition from Republican lawmakers anda strong stance by Agriculture Secretary Richard Lyng, who saidfreezing loan rates would send the wrong signal to other majorgrain export competitors and would not achieve the budgetsavings Glickman claims. Another area where Glickman and other have said budgetsavings might be made is to increase acreage reduction program,ARP, levels for wheat and corn. However, on this issue also Lyng has taken a strong standwithin the Reagan administration, arguing that the 1988 cropwheat acreage reduction should be left at 27.5 pct and not 30pct as sought by the Office of Management and Budget, OMB. Mostcommodity lobbyists expect Lyng to prevail. Congressional sources said the only way to achievesignificant budget cuts through ARP increases would be to boostthe 1988 corn ARP. But one informed Congressional source saidsingling-out corn for an ARP increase would would be seen asunfair to one commodity. Congressional sources said the areas where Congress is mostlikely to eventually look for budget savings are sometightening of the payment limitation rules, and possible adoption of a 0/92 program for the 1988 crops of major grains. Those changes would achieve a portion of the 1.25 billionbut not enough, they said. Ultimately, Congressional sources said the agriculturecommittees may be forced to apply an across-the-board cut onall Commodity Credit Corp. payments to farmers, including pricesupport loans and deficiency payments, similar to theGramm-Rudman-Hollings budget cut applied in fiscal 1986. This idea has been suggested by the American Farm BureauFederation, AFBF, as the fairest approach for all commodities. | [
"grain"
] | [
"cotton",
"retail",
"ipi",
"nkr"
] |
What topics are related to the document above? | Turkey's Central Bank set a lira/dollarrate for April 6 of 781.95/785.86 to the dollar, up from782.50/786.41. It set a lira/D-mark rate of 430.15/432.30 tothe mark, down from 428.30/430.44. | [
"dmk"
] | [
"rand",
"sun-oil",
"propane"
] |
What topics are related to the document above? | Japanese Finance Minister Kiichi Miyazawatold a press conference the basic solution to currencyinstability among major nations is economic policycoordination. He said that is a time-consuming process as coordinationdoes not always proceed in a way policy makers envisage. "Thatis democracy," he said. Upon that foundation, Miyazawa said,there must be coordinated intervention. Major nations havesufficient funds to continue concerted intervention, he added. "Without doubt this set-up of coordinated intervention willcontinue to operate," Miyazawa said. Miyazawa said Prime Minister Yasuhiro Nakasone and U.S.President Ronald Reagan are likely to reaffirm the Louvre andWashington Group of Seven (G-7) agreements on currencystability when they meet later this week. Asked whether the dollar is declining against all majorcurrencies, not only the yen, Miyazawa declined to make anycomments. He reiterated that many major nations have undertakencoordinated intervention in recent weeks to prop up the dollar,including countries who are not members of the G-7. | [
"money-fx"
] | [
"soybean",
"silver",
"meal-feed",
"palladium"
] |
What topics are related to the document above? | British Petroleum Co Plc does notintend to raise the price of its planned 70 dlr per share offerfor the publicly held 45 pct of Standard Oil Co, BP ManagingDirector David Simon said. "We don't seen this as any progressive bidding game," hetold reporters at a news conference. BP now owns 55 pct ofStandard's stock. Simon said BP had carefully considered the amount of itsplanned bid and he quoted an oil analyst, whom he would notidentify, as saying BP's careful evaluation means the companyis not going to raise its offer. "I think that (an increase) would be totally wrong. I thinkthe price is very fair and it is much to early to speculateabout ligigation," he said. "Let's wait and see how the offerruns." Another official declined to speculate under whatcircumstances BP might raise its bid. The BP official said the 70 dlrs a share offer is 7.2 timesStandard's 1986 cash flow and 56 pct above an independentevaluation of the company's assets, including the value of itsoil, natural gas liquids and natural gas reserves. He said the price Royal Dutch/Shell Group <RD> <SC> paidfor publicly held Shell Oil Co shares in 1985 was 5.1 timescash flow. The BP official also said the 70 dlr bid is a 40 pctpremium over Standard's stock price over the past year. BP Group Treasurer Rodney Chase said more than half to asmuch as two-third's of the 7.4 billion dlrs BP needs for itsoffer will come from existing sources. The rest will befinanced by new debt. BP will draw in cash from its operating companies aroundthe world and is also arranging a five billion dlr line ofcredit, he explained. The company's debt to equity ratio will rise 11 or 12percentage points from the current 33 pct if the offer iscompleted, Chase said. But the ratio will be back below 40 pctwithin 12 months, he added. Chase also said 50 to 60 pct of Standard Oil's publiclyheld shares are held by financial institutions. Simon said Standard's board was informed of the offer onMarch nine and has been considering it since that time. He said BP does not expect any regulatory problems thatwould delay completion of the acquisition. "We have informedWashington of our intentions and we've already been an integralpart of ownership of U.S. oil reserves," he pointed out. Simon said there is a good chance that current world oilprices of about 18 dlrs a barrel could be maintained, and thatthe more stable market is due mostly to changes in policy inSaudi Arabia and other OPEC members to control oil production. "We think there are signals that current conditions aremore favorable than they have been for sometime," Simon said. "We have hopes for greater stability, but we do not seeprices going much higher," he added. | [
"acq"
] | [
"dmk",
"fishmeal",
"housing",
"hk"
] |
What topics are related to the document above? | Loans and advances from the DutchCentral Bank to the commercial banks fell 1.01 billion guildersto 9.5 billion guilders in the week ending March 30, the Bank'sweekly return showed. Dealers said payments by the Dutch state, partly in theform of civil service wages, had outweighed payments to theState, causing the money market deficit to ease. The Treasury's account with the Bank dropped 960 mlnguilders to 6.5 billion guilders. Liabilities in gold or foreign currency rose 200 mln to11.9 billion guilders. Dealers said it was more likely that the alteration in thisitem on the weekly return indicated normal commercial foreignexchange business rather than intervention by the Central Bank. The Bank itself does not disclose information onintervention. Seasonal variation brought bank notes in circulation up 190mln guilders to 29.7 billion guilders. Total gold and currency reserves rose 173 mln guilders to56.4 billion guilders. Call money and period rates were barely changed in theweek. Today all were traded at 5-3/8 to 5-1/2 pct. | [
"money-fx"
] | [
"reserves",
"income",
"strategic-metal",
"tapioca"
] |
What topics are related to the document above? | The relatively high level of real U.S.interest rates suggests that there is scope for furtherdeclines in money market rates, but the Federal Reserve isunlikely to promote such a drop as long as the dollar remainsvolatile, said J.P. Morgan and Co Inc chairman Lewis Preston. He said in response to a reporter's question after thebank's annual meeting that money market rates could declinefurther but, "I don't think the Fed is going to encourage thatas long as the exchange markets are as volatile as they are." On the other hand, he said that, barring a collapse of thedollar, he did not see rates going much higher. He said that Morgan's recent rise in its prime lending ratewas "purely a reflection of an increase in a whole spectrum ofrates." Preston reiterated earlier company forecasts that the U.S.economy should show roughly 2.5 to three pct real growth thisyear. He also said that as a consequence of the dollar's declineand oil price rises, inflation would rise "moderately" to a 3.5to four pct rate in 1987. | [
"interest"
] | [
"crude",
"stg",
"rye"
] |
What topics are related to the document above? | The French primary bond market is showingsigns of renewed effervescence after several weeks of lethargyand the trend is expected to continue if hopes of imminentinterest rate cuts are fulfilled, market operators said. The Bank of France is generally expected to give a signalto the market, possibly at the beginning of next week, byannouncing a quarter point cut in its intervention rate, whichhas stood at eight pct since January 2, or in its seven-dayrepurchase rate, set at 8-3/4 pct since January 5. The central bank's averaged-out day to day call money rate,the reference rate for interbank money market operators, whichreached 8-3/4 pct on February 18 has fallen to 7-3/4 pct thisweek, dealers noted. The Bank of France's "open market" policy to regulate themoney markets since December has been based on a floor andceiling of rates within the limits of its intervention andseven day repurchase rates. For the moment the sentiment is of "wait and see" on ratecuts, but there are now more optimists than pessimists amongmarket operators, a dealer for a major French bank said. Dealers said there is abundant liquidity on the bondmarket, noting that this week's monthly Treasury tap issue of11.87 billion francs had a good reception and was fairly easilyabsorbed. The Treasury had set an upper limit on the issue of 12billion francs and was likely to continue to try and sell asmuch paper as it could over coming months to meet its borrowingneeds for this year of around 150 billion, one banker said. Dealers said there was no difficulty in placing liquidityin the primary market at the moment despite competition fromthe surge in investments on the Paris stock exchange. There has been a flood of large bond issues, but withformulas well adapted to market conditions and investor demand- with warrants or a mix of fixed and floating-rates - whichhave been snapped up, and with generally broadly negative fees. Dealers pointed to the recent Caisse d'Aide a l'Equipementdes Collectivites Locales (CAECL) 8.90 pct two billion francbond with warrants exchangeable for floating-rate bonds issuedover 13 years and 80 days at 97.04 pct with payment date March9, which was today quoted at -0.90 to -1.10 pct. Even classic fixed-rate issues, after being neglected sincethe end of last year, are finding buyers, one banker said. Dealers said that now the question was to see how the termsof imminent operations would be set, with great market interestfocussed on the likely three next issues. These will include an expected four to five billion francissue for Electricite de France, to be followed by a bond ofaround one billion francs for Auxiliaire du Credit Foncier, asubsidiary of the banking group Credit Foncier de France, and anew issue by tender from the mortgage agency Caisse deRefinancement Hypothecaire. | [
"interest"
] | [
"fishmeal",
"groundnut",
"palm-oil",
"sfr"
] |
What topics are related to the document above? | Vietnam has ordered its army to growmore food to ease shortages and meet economic recovery goalsset for 1990. The army newspaper Quan Doi Nhan Dan, monitored here, saidsoldiers must work harder to care for rice, vegetables andother crops endangered by the present unusually hot weather. The paper said the 1.6-mln strong regular army contributedless than one pct to the nation's 18.2 mln tonne food output. North Vietnam has set a 1990 food target of 23 to 24 mlntonnes. | [
"grain"
] | [
"red-bean",
"tea",
"orange",
"sun-oil"
] |
What topics are related to the document above? | The leaders of a U.S. Senate team probingAmerican defense strategy in the MidEast Gulf said they favoreda multinational force to keep oil flowing through the waterway. Sen. John Glenn and John Warner, in Kuwait as part of aGulf Arab tour, said at a news conference that top officials inthe area appeared ready to discuss extra facilities needed ifthe U.S. upgraded its defense role. The Senate team next heads for the United Arab Emirates,their last stop on a fact-finding mission prompted by Reaganadministration plans to let half of Kuwait's 22-tanker fleetfly the U.S. flag. Glenn and Warner said the U.S., Britain and France, shouldexplore the possibility of a unified Gulf force. "The American ships, the British ships, the French ships nowtalk to each other and all we've got to do is formalize thisarrangement," Warner said. Glenn said a multinational force could be effectivelydeployed within 24 hours of a decision. Glenn voiced a preference for a United Nationsmultinational force, or failing that, an American, British,French force with cooperation from the Gulf Arab states. Warner voiced concern that the Soviet Union might use thesituation in the Gulf to raise its presence. "And,unequivocally, all GCC states we have talked with, have saidthat would not be in the interests of the Arabian peninsula." | [
"ship"
] | [
"skr",
"copra-cake",
"sun-oil",
"cotton"
] |
What topics are related to the document above? | Upcoming changes being considered inthe U.S. Agriculture Department's transportation and loanprograms were outlined by a USDA official today. Addressing the annual meeting of the National Grain andFeed Association, Tom VonGarlem, assistant deputy administratorfor USDA's state and county operations, said the followingchanges are under consideration by USDA. Termination of USDA's Transportation Assistance Program forwheat, barley and sorghum would be proposed this week. Changes in USDA's reserve rotation program are also underconsideration, VonGarlem said. While the department has notmade any final decision, banning the use of pik and roll grainin reserve rotation is under heavy consideration, he said. Changes in loan rates will definitely be looked at for nextyear's crop, he said, with the option of making soybean loanspartially in cash and in certificates under consideration. VanGarlem said he will definitely not extend the 1987 cropprogram signup, saying he sees no reason to do so at this time. He also said wheat will not be considered for a cash bonusunder the Conservation Reserve Program. | [
"soybean"
] | [
"gas",
"sorghum",
"fishmeal"
] |
What topics are related to the document above? | Algeria is tendering tonight for225,000 tonnes of hard red winter wheat at 94.00 dlrs pertonne, c and f, the balance of its original tender under theexport bonus program, U.S. exporters said. Algeria bought 75,000 tonnes for November and earlyDecember shipmet at that bid, but USDA rejected the bid onwheat for later shipments, the sources said. | [
"grain"
] | [
"plywood",
"nickel",
"heat",
"fishmeal"
] |
What topics are related to the document above? | 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, they said. The dollar rose as high as 147.50 yen. | [
"dlr"
] | [
"copra-cake",
"money-supply",
"skr",
"austdlr"
] |
What topics are related to the document above? | 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 rain for the next two, threedays," he said. "We're in a fairly wet pattern with normal toabove normal moisture this week." Mohler said rainfall averaged 1/2 inch across southernMinnesota, 3/4 inch over southwest Iowa, one inch in easternNebraska and 1-1/2 inches in south-central Nebraska. Illinois fields saw virtually no rain over the weekend butwere receiving scattered thundershower activity today, he said. Rain patterns will move across Indiana to Ohio withthudershower activity yielding to more general rains, he said. "Tomorrow, that eastern area will get 1/4 to one inch, apretty good rain," Mohler said. Rain was heavier than expected over the weekend, sparkingan early selloff in soybean futures at the Chicago Board ofTrade. Prices were off 14 to 20-1/2 cents with November off19-1/2 cents at 5.43-1/2 dlrs. Mohler said the cold front now over the eastern belt isexpected to move over the central Midwest, then move northlater in the week. That could bring new rain patterns acrossthe Corn Belt and assure good crop conditions asearly-developed corn moves into the crucial pollination stagein early July, he said. | [
"grain"
] | [
"pet-chem",
"austdlr"
] |
What topics are related to the document above? | Bundesbank board member Claus Koehlercalled on central banks of major industrialised nations tocooperate closely on exchange and interest rate policies. In a lecture at the University of Surrey, pre-releasedhere, Koehler said that the only alternative to cooperation wasprotectionism and control on capital movements. "Central banks have sufficient experience of exchange markettransactions to steer exchange rates where they want to havethem," he said. He added that West German growth forecasts wouldhave to be revised downward because of the recent dollar dropto 1.80 marks from above two marks at the start of 1987. Koehler said that transactions on foreign exchange marketshad parted company with transactions in goods, services andinvestments. It was the scale of speculative transactions thatdetermined market trends. Speculative inflows could cause monetary aggregates togrow. To reverse such a rise in the money stock, interest rateswould have to be lowered to allow funds to drain off. "In other words, the monetary policy measures required aredifferent from -- and sometimes diametrically opposed to --those needed when the money stock is increasing as a result ofmounting economic activity," Koehler said. The dollar fall was one means of reducing the massive U.S.Current account deficit. But attempts to keep the depreciationgoing by talking the dollar down posed problems. The sharp drop of the dollar had led to an immediate steeprise in the cost of U.S. Imports and a sharp fall in the costof European imports. But the volume effect of falling importsto the U.S. And rising imports to Europe would take time tomake itself felt compared with the price effect. "Hence the depreciation of the dollar may well be goingfurther than would be necessary to adjust the current accountover the medium term," Koehler said. A reduction in the U.S. Current account deficit would occuronly if the growth rate of GNP was higher than domestic demand.In Japan and West Germany by contrast, domestic demand shouldrise faster than GNP. "In Germany this did indeed happen in 1986," Koehler said. If a further appreciation of the dollar was to beprevented, the U.S. Current account deficit could be offset byan inflow of foreign funds into the U.S.. But only if there was an appropriate interest ratedifferential would Europe and Japan look for financialinvestment in the U.S. When selecting monetary policy instruments, a central bankhad to pay greater heed than in the past to the impact itsmeasures might have on expectations and consequent decisions. Koehler said the Bundesbank was changing money market ratesby operating on the open market rather than adjusting leadinginterest rates because of the signal this gives to the marketand its substantial impact on exchange rates. It was not only important to achieve the domestic goals ofprice stability, economic growth and full employment but alsoto tackle international problems like the exchange rateproblem, the debt problem and the current account problem. A strategy had to be designed that helped "the safeguardingof non-inflationary economic growth in an internationalmonetary system largely free of disruptions," Koehler said. Given the system of floating exchange rates, it wasnecessary for central banks to agree to intervene. It sufficedto tell the market where central banks saw exchange rates overthe next few years and intervention points should not be set,because they were only testing points for the market, he said. In order to keep the international monetary system free ofdisruptions central banks should not only intervene jointly butalso cooperate on interest rate policies, Koehler said. | [
"interest"
] | [
"rapeseed",
"alum",
"cornglutenfeed",
"rye"
] |
What topics are related to the document above? | The U.S. Agriculture Department saidit has accepted a bid for an export bonus to cover the sale of50,000 tonnes of hard red winter wheat to Sri Lanka. A bonus of 37.44 dlrs per tonne was awarded to ContinentalGrain Co on the shipment scheduled for April 8-16, Melvin Sims,USDA general sales manager said. An additional 10,000 tonnes of wheat are still available toSri Lanka under the export enhancement program, Sims said. | [
"wheat"
] | [
"propane",
"cruzado",
"rand",
"dlr"
] |
What topics are related to the document above? | The Agricultural Stabilization andConservation Service (ASCS) is seeking offers to process roughrice owned by the Commodity Credit Corporation (CCC) anddeliver about 27.0 mln pounds of milled rice for exportshipment May 6-20 and May 21-June 5, an ASCS spokesman said. Offers must be received by 1300 CDT April 7, and successfulofferors will be notified April 10. | [
"grain"
] | [
"pork-belly",
"f-cattle",
"trade",
"corn-oil"
] |
What topics are related to the document above? | The Ministry of International Trade andIndustry (MITI) will revise its long-term energy supply/demandoutlook by August to meet a forecast downtrend in Japaneseenergy demand, ministry officials said. MITI is expected to lower the projection for primary energysupplies in the year 2000 to 550 mln kilolitres (kl) from 600mln, they said. The decision follows the emergence of structural changes inJapanese industry following the rise in the value of the yenand a decline in domestic electric power demand. MITI is planning to work out a revised energy supply/demandoutlook through deliberations of committee meetings of theAgency of Natural Resources and Energy, the officials said. They said MITI will also review the breakdown of energysupply sources, including oil, nuclear, coal and natural gas. Nuclear energy provided the bulk of Japan's electric powerin the fiscal year ended March 31, supplying an estimated 27pct on a kilowatt/hour basis, followed by oil (23 pct) andliquefied natural gas (21 pct), they noted. | [
"crude"
] | [
"cornglutenfeed",
"money-fx",
"nickel",
"silver"
] |
What topics are related to the document above? | A trade bill before the United StatesHouse of Representatives "is a very dangerous bill for Canadianindustry," Canadian Forest Industry Council chairman AdamZimmerman told reporters. By changing the definition of subsidy under U.S.countervailing duty law, House of Representatives Bill 3removes protection for companies that take advantage of widelyused government programs, Zimmerman told a media briefing. "Clearly, any industry to which Canadian governments grantrights to fish, mine, cut timber, or produce power could bevulnerable to a finding of a subsidy under this language," hesaid. The Canadian forest lobby's Zimmerman also said the Houseof Representative Bill would adopt a new way of measuringsubsidies that would greatly increase the size of anycountervailing duties that might be imposed on Canadianresource exports to the U.S. Under the bill, any difference between Canadian prices andU.S. or world market prices would constitute a subsidy, hesaid. Such a method would make Canadian resource industriesvulnerable to similar penalties like a 15 pct export taximposed last January on shipments of Canadian softwood lumberto the U.S., Zimmerman added. Canadian negotiators agreed to levy the new tax if a U.S.forest industry lobby would drop its request for a countervailduty on imports of Canadian softwood lumber. "We represent the first victim of the move to price othercountries' natural resources according to the U.S. system,"Zimmerman said. "If we're an example, than other resource industries hadbetter watch out," he added. Zimmerman said the Canadian Forest Industry Council plansto discuss concerns about the U.S. trade bill with lobby groupsfrom other Canadian resource industries. | [
"trade"
] | [
"nickel",
"pet-chem",
"coconut",
"cocoa"
] |
What topics are related to the document above? | Changes by the USDA in its posted countyprices have successfully increased PIK-and-roll activity as away to pull corn out of government stockpiles, with theresulting jump in free supplies pressuring terminal corn basisvalues, cash grain dealers said. Processors dropped spot Chicago corn basis bids three centsafter covering most of the April needs this week, with rivercorn basis bids following CIF Gulf corn values lower. The surge in PIK-and-roll also pressured corn futures, withMay settling today down three cents per bushel at 1.58-1/2dlrs, near the contract low of 1.49-1/4 dlrs. But unlike in thepast when lower prices slowed country movement, now lowercounty prices widen the differentials with the corn loan andmake PIK-and-roll even more attractive, they noted. | [
"grain"
] | [
"castorseed",
"nkr",
"skr",
"carcass"
] |
What topics are related to the document above? | Africa may have to follow Brazil inhalting foreign debt payments unless industrialised nations areprepared to be more flexible in trade and economic policy,Ethiopian trade minister Tesfay Dinka said. Growing protectionism and declining commodity prices hadcaused a major deterioration in the export earnings of alldeveloping countries, he said in an opening speech to a meetingof African trade ministers in Addis Ababa. Unless there was an early improvement in developingcountries' terms of trade "the only choice is to follow theroute that Brazil appears to have taken," Tesfay said. The two-day meeting of delegates from 50 African states wascalled to work out a consensus ahead of the Group of 77ministerial meeting in Havana next month, when the developingcountries will debate their strategy in economic negotiationswith the West. Tesfay accused the West of intransigence in the negotiationof recent commodity agreements. The failure of the International Coffee Organisation toagree on the reintroduction of export quotas would mean "severalAfrican countries will not have the foreign exchange to importessential items," he said. Coffee accounts for 60 pct of Ethiopian exports and therecent fall in world coffee prices has sharply reduced thecountry's foreign exchange earnings. Adebayo Adedeji, the executive secretary of the U.N.Economic Commission for Africa, told the meeting that there wasan increasing net outflow of resources from Africa. He blamed this on high interest rates, debt servicing andthe repatriation of profits by foreign investors. Africa paid 13 billion dlrs to service its total foreigndebt last year and by 1990 annual service payments are expectedto rise to between 16 and 24 billion, Adedeji said. He accused industrialised countries of failing to providemore resources to implement the U.N. Program for Africa'seconomic recovery and development, despite Africa's willingnessto raise two thirds of the capital from domestic sources. The U.N. Program, approved last year, calls for 128 billiondlrs of economic investment in Africa over five years. Western donors were asked to contribute 46 billion dlrs,with the rest being raised from local resources, but Adedejisaid the donors had not responded as hoped. In view of this poor response, he said "it is possible thatby the year 2,000 nearly all African countries, except a few,will be categorised as least developed countries." At present, 27 of Africa's 50-odd states are officiallylisted in this category. | [
"trade"
] | [
"tapioca",
"peseta",
"dlr",
"oat"
] |
What topics are related to the document above? | The Federal Reserve bought about 550mln dlrs of U.S. Treasury bills for a customer, a spokeswomansaid. She said the Fed bought bills maturing from May throughSeptember 24 for regular delivery tomorrow. Federal funds were trading at 6-3/16 pct when the Fedannounced the operation. | [
"money-fx"
] | [
"tapioca",
"ipi",
"livestock",
"sugar"
] |
What topics are related to the document above? | Saudi riyal interbank deposits weremainly steady at yesterday"s higher levels in a market which sawlittle activity due to the European weekend, dealers said. They said banks in the kingdom offered two and three monthdeposits 1/16 of a percentage point lower, but there were fewtakers. Rates for short-dated and other fixed period funds werelittle changed following their sharp rise on Saturday broughton by higher eurodollar deposit rates. Spot-next and one-week deposits were relatively unchangedat 6-3/4, 1/2 pct. One-month deposits were steady at 6-3/4, 1/2 pct whilethree-month funds eased to 6-7/8, 5/8 pct from 6-15/16, 11/16. Six-month deposits also declined marginally to 7-5/16,7-1/8 pct from quotes of 7-3/8, 1/8 at the close of trade onSaturday. The spot riyal was steady at 3.7499/7504 to the dollar. | [
"money-fx"
] | [
"bfr",
"reserves",
"wheat",
"f-cattle"
] |
What topics are related to the document above? | Japan appears to be relying less oncorn from China, Argentina and South Africa and more onsupplies from the United States, the U.S. AgricultureDepartment said. In its World Production and Trade report, the departmentsaid in the past seven weeks reported U.S. corn sales of nearlythree mln tonnes to Japan are about three times the levelduring this period last year. Reports of short Argentine supplies and the apparentunwillingness of the Chinese to sell at current world pricesmay have caused Japanese buyers to turn to the United Statesfor corn supplies, the department said. | [
"corn"
] | [
"peseta",
"coffee",
"coconut-oil",
"zinc"
] |
What topics are related to the document above? | The U.S. Agriculture Department saidprivate U.S. exporters reported sales of 104,000 tonnes of cornto unknown destinations for shipment in the 1986/87 marketingyear. The marketing year for corn began September 1, it said. | [
"grain"
] | [
"naphtha",
"skr",
"lin-oil",
"cottonseed"
] |
What topics are related to the document above? | Leaks of a major Dutch officialeconomic forecast due to be published on Monday indicatereduced economic growth and a renewed rise in unemployment thisyear, political and market sources say. Concern over an anticipated fall in Dutch competitivenessthis year against a background of an average 2-1/2 pct wageincrease, zero inflation and a firm guilder has triggered somecalls for a change in monetary policy to help boost growth. But whatever the government's response, the central bankwill stick to its policy of keeping the guilder firm, they say. The official forecasting agency Centraal Planbureau (CPB)publishes its 1987 outlook at the start of a week which willalso see a key parliamentary debate on government finances andthe economy. Merchant bank Pierson, Heldring en Pierson - in an estimatereflecting general sentiment - said last month that Dutcheconomic growth was now seen around one pct. Domestic consumer spending is not expected to offset thedecline in export growth caused by slowing growth in WestGermany, the main Dutch trading partner, and the lower dollar,Pierson said in its February economic outlook. The latest growth forecasts are well below a 1.5 to two pctgrowth figure seen by the CPB early last month and forecasts of2.5 pct economic growth in 1987 made last September. The fall in unemployment is bottoming out and thegovernment has already admitted it will not meet its goal ofreducing unemployment by an annual 50,000 from 1986 to 1990. Some analysts and industry leaders have questioned centralbank policy of pegging the guilder firmly to the mark and ifnecessary keeping interest rates up to support the guilder. Employers federation NCW chairman Fred Lempers criticisedthe guilder's revaluation in line with the West German mark inlast January's European Monetary System (EMS) realignment andexpressed concern over its effect on competitiveness. But the employers federation VNO noted the Dutch economyhad become more competitive since 1980 and the fall of thedollar was affecting this gain more than the EMS realignment. Some analysts also question the central bank's decision notto copy the latest Bundesbank discount rate cut and insteadlower money market rates and abolish a credit quota surcharge. Central bank president Wim Duisenberg has defended the movesaying the bank had adjusted the rates with the most impact onthe money market, noting "the (4.5 pct) discount rate is at themoment not the most important Dutch rate because it is alreadyfar below the market rates." Central bank officials say the heavy dependence on trade ofthe Dutch economy requires a stable exchange rate, and interestrate policies serve that goal. Analysts noted a large capital outflow from the Netherlandsrecently as foreign investments in Dutch stock are being soldto take profits. Loosening the tie between the guilder and the mark wouldreduce international confidence in the guilder and make it moredificult to attract foreign capital, they said, noting Dutchinterest rates rose sharply when the guilder was not revaluedcompletely in line with the mark in a 1983 EMS realignment. Many Dutch banks have reacted favourably to the decisionnot to copy the last German discount rate cut, but Piersonwarned it could actually add to uncertainty over the guilder. Some analysts noted friction between the Finance Ministryand the central bank, with Finance Minister Onno Ruding havingsaid before the Bundesbank discount rate cut he favoured lowerDutch rates but that the Germans should move first. One analyst said Ruding wanted to bring interest rates downto reduce the government debt burden. A Finance Ministry spokesman said lower interest rates wereneeded but denied any suggestion of conflicting views betweenthe ministry and the central bank. "The cabinet's policy issteady, the guilder has to stay with the mark," he said. | [
"gnp"
] | [
"rapeseed",
"bfr",
"pork-belly",
"earn"
] |
What topics are related to the document above? | U.S. Agriculture Secretary RichardLyng said a marketing loan for soybeans would serve no presentpurpose because the U.S. price is not above the world price. Asked in an interview if it was time to consider amarketing loan for soybeans, Lyng said, "I don't think so. Idon't think the world price is lower than our price anyway." However, the USDA secretary said that if current conditionsof surplus production persisted, it might be appropriate toconsider a marketing loan. "I suppose that under that condition there is a danger ourexports will continue to drop and that the government willcontinue to accumulate large stocks of soybeans," he said. "Itmight be (worth contemplating a marketing loan), if there werea world market that was lower than our market." | [
"oilseed"
] | [
"propane",
"silver",
"castor-oil",
"dkr"
] |
What topics are related to the document above? | Effective extraction of the toxicmetal cadmium from soil may at last be feasible using soybeanplants, research in the Netherlands by a Belgian-basedenvironment group shows. Cadmium, naturally drawn up by plants and passed on toconsumers, has been shown to produce kidney damage andresulting calcium loss as well as causing high blood pressureand cancers, a spokesman for the Ecological Life andCultivation (VELT) said. Three years of experiments by the organization showedsoybean plants extracted up to 16 pct of soil-borne cadmium,which went into the leaves and not into the beans themselves. Cadmium is present in the soil because of emissions in thepast by factories producing non-ferrous metals, the spokesmansaid. "Although many of these factories are now using far safermethods of manufacture, the cadmium is already in the soil anduntil now there has been no way to get rid of it," he said. | [
"strategic-metal"
] | [
"trade",
"copper",
"crude"
] |
What topics are related to the document above? | The Commodity Credit Corporation(CCC) accepted a bid for an export bonus to cover a sale of12,500 tonnes of U.S. wheat flour to Iraq, the U.S. AgricultureDepartment said. The department said the bonus awarded was 105.82 dlrs pertonne and the wheat flour is for shipment July 1-10, 1987. The bonus was awarded to The Pillsbury Company and will bepaid in the form of commodities from CCC stocks. An additional 150,000 tonnes of wheat flour is stillavailable to Iraq under the Export Enhancement Programinitiative announced January 7, 1987, the department said. | [
"grain"
] | [
"tapioca",
"bfr",
"austdlr",
"palladium"
] |
What topics are related to the document above? | French operators have requested licencesto export 422,000 tonnes of free market maize, 212,000 tonnesof barley and 20,000 tonnes of feed wheat at today's EC tender,trade sources said. For the maize, rebates requested range between 129.25 and138.74 European currency units per tonne, for the barleybetween 138.94 and 145 Ecus and for feed wheat 141.75 Ecus. | [
"corn"
] | [
"cornglutenfeed",
"zinc",
"acq"
] |
What topics are related to the document above? | U.S. farmers who in the past havegrown oats for their own use but failed to certify to thegovernment that they had done so probably will be allowed tocontinue planting that crop and be eligible for corn programbenefits, an aide to Agriculture Secretary Richard Lyng said. Currently a farmer, to be eligible for corn programbenefits, must restrict his plantings of other program crops tothe acreage base for that crop. Several members of Congress from Iowa have complained thatfarmers who inadvertantly failed to certify that they had grownoats for their own use in the past now are being asked to haltoats production or lose corn program benefits. USDA likely will allow historic oats farmers to plant oatsbut not extend the exemption to all farmers, Lyng's aide said. | [
"oat"
] | [
"rand",
"rubber",
"alum"
] |
What topics are related to the document above? | Technigen Platinum corp said itinitial results of a 13-hole drilling program on its R.M. Nicelplatinum property in Rouyn-Noranda, Quebec, indicate"extensive" near-surface zones "highly" enriched in gold,platinum and palladium were found in rocks on the periphery ofa sulphide deposit. It said values of up to 0.073 ounce of platinum, 0.206ounce palladium, three pct copper and 4.5 pct nickel were foundover a drill section of 13 feet. More | [
"gold"
] | [
"sorghum"
] |
What topics are related to the document above? | Honduras has been authorized to buyabout 75,000 tonnes of U.S. wheat, about 15,000 tonnes of U.S.corn, and about 6,000 tonnes of U.S. tallow under an existingPL 480 agreement, the U.S. Agriculture Department said. The department said it may buy the wheat, valued at 8.5 mlndlrs, the corn, valued at 1.5 mln, and the tallow, valued at2.0 mln dlrs, between March 24 and August 31, 1987, and ship itfrom U.S. ports and/or Canadian transshipment points by thisSeptember 30. The purchase authorizations cover the entire quantityprovided under the agreement, signed March 11. | [
"corn"
] | [
"l-cattle",
"orange",
"strategic-metal"
] |
What topics are related to the document above? | A prolonged dry spell has damaged111,350 hectares of rice and corn plantations in 10 provincesin the central and southern Philippines, agriculture officialssaid. They said some 71,070 tonnes of agricultural produceestimated at about 250 mln pesos was lost to the lack ofrainfall. They warned of a severe drought if the prevailingconditions continued until next month. Agriculture Secretary Carlos Dominguez said he hoped thelosses would be offset by the expected increase in output inother, normally more productive areas not affected by the dryspell. Affected were 14,030 hectares of palay (unmilled rice),representing a production loss of 22,250 tonnes valued at 77.8mln pesos, Department of Agriculture reports said. About 48,820 tonnes of corn from 97,320 hectares valued at170.8 mln pesos have also been lost, they said. Officials said the hectarage planted to palay that has beenhit by the drought accounted for only one pct of national totalthus the damage is considered negligible. In the case of corn, they said the loss can be filled byproduction from non-traditional corn farms which diversifiedinto the cash crop from sugar two years ago. The Philippine Coconut Authority said coconut productionin the major producing region of Bicol might drop by 25 pct to320,000 tonnes if the dry spell continued. There were noreports of actual damage. | [
"rice"
] | [
"nkr",
"ringgit",
"sugar"
] |
What topics are related to the document above? | The Taiwan Flour Mills Association willimport 81,000 tonnes of wheat from Canada in calendar 1987,unchanged from the 1986 level, an association spokesman toldReuters. He said the total will be delivered in three shipments. Thefirst will be shipped to Taiwan between March 20 and April 20and the other two will be made later this year, he said. The total wheat import target this year has been set at700,000 tonnes, down from actual imports of 758,770 last year. Most of Taiwan's wheat imports come from the U.S., Thespokesman said. | [
"grain"
] | [
"rice",
"heat",
"propane",
"hog"
] |
What topics are related to the document above? | French sugar group Beghin-Say, which is49.6 pct owned by Italy's Gruppo Ferruzzi, is to raise itscapital to 703 mln francs from 527 mln through a three-for-oneissue of shares and investment certificates to financeexpansion, president Jean-Marc Vernes told analysts. For the first stage Beghin-Say will issue some 2.05 mln new65 franc shares at 500 francs to increase capital to 660 mlnfrancs. The share currently trades at 734 francs. Then 658,000new 65 franc investment certificates will be issued at 400francs, raising capital to 703 mln francs. The capital increase will bring the group around 1.2billion francs in new funds to finance its expansion plans.These include the possible acquisition of the Corn Productsmaize starch plant at Haubourdin in northern France, Vernessaid. Ferruzzi is one of several groups bidding to buy all ofCorn Products' installations in Europe. Apart from the Frenchplant, these include three factories in each of Italy and WestGermany, two in Britain and Spain and one in the Netherlandsand Denmark. Corn Products has put a 650 mln dlr price tag on theinstallations, and Beghin-Say estimates that acquisition of theHaubourdin plant would cost between 80 and 100 mln dlrs, Vernessaid. If this bid fails, Beghin-Say would consider acquiring anddeveloping two other French plants, either in the maize orwheat starch sector. Beghin-Say is also planning to finance European expansionfor its Kaysersberg subsidiary, another major reason for itscapital increase. Kaysersberg, which was transformed from a division ofBeghin-Say into a fully-fledged chemical subsidiary last year,has been holding talks with other European companies onpossible accords, Vernes said. He added the company could beintroduced onto the Paris Bourse in the near future. | [
"corn"
] | [
"jet",
"money-supply",
"soy-meal"
] |
What topics are related to the document above? | U.S. February reports reflecting slimgains in industrial output and moderating inflation pressuresreinforced expectations that the Federal Reserve will continueto follow a stable course of monetary policy, economists said. "If you're the Fed, there's no reason to do anything," saidSteve Slifer of Lehman Government Securities Inc. "There are hints that GNP is picking up. On the inflationfront, all is well," he said. "Money supply is well undercontrol. It's an absolutely ideal situation." February U.S. industrial production rose 0.5 pct, slightlyless than the 0.7 pct gain the financial markets had expected.This compared with a slim 0.1 pct rise in January's productionnumber, previously reported as a 0.4 pct increase. The February U.S. producer price index gained only 0.1 pct,less than a 0.3-0.4 pct expected rise. This followed a 0.6 pctrise in the PPI in January. "The Fed is going to look at this positively," said AllanLeslie of Discount Corporation. "Certainly inflation is not asbad as what Volcker (Fed Chairman) has said lately. Industrialproduction growth is along the lines of what the Fed wants." The energy products component of PPI rose 4.0 pct inFebruary, after a 9.8 pct increase in January. "This shows that the impact of energy prices on inflationis behind us in terms of the move from 15 dlrs to 18 dlrs perbarrel," said Maria Ramirez of Drexel Burnham Lambert Inc. "Thetrend is still 3.5 pct in the first half of the year." In 1986, declining energy prices contributed to a 2.5 pctdecline in the PPI. Economists said that a rise in energy prices was expected,but a sharp drop in auto prices was not. Passenger car pricesfell 3.4 pct and light truck prices dropped 1.3 pct. Yesterday, Federal Reserve Chairman Paul Volcker said thata possibility of renewed inflation remains a concern in boththe financial markets and the Federal Reserve. "The Fed may be lowering its own inflation expectationstoday," said Robert Brusca of Nikko Securities International. While low inflation permits the Fed to maintain an easiermonetary policy, Brusca said if import prices do not rise thiscould necessitate a weaker dollar. "The outlook for the dollar is still up in the air," hesaid. "We need inflation for U.S. producers to compete withforeign producers." Brusca said prices of electronic equipment dropped 0.8 pctin February's PPI. With many electronic goods producedoverseas, this may show that foreign producers are not raisingprices which bodes ill for U.S. competitiveness, he said. If further dollar declines are needed, this could diminishoverseas investment in U.S. debt, Brusca added, which mightnecessitate higher interest rates and lower bond prices. By contrast, Slifer said imported goods prices rose 11.8pct from first quarter 1985 to first quarter 1986 reflecting toa large degree a 22 pct drop in the trade-weighted real valueof the dollar from February 1985 to February 1987. Slifer said import prices may rise further asmanufacturers' contracts put in place before the dollar droppedto current levels expire, and new contracts are made thatreflect a weaker dollar. David Wyss of Data Resources Inc noted that importedmanufactured goods prices rose 8.5 pct at an annual rate in thesecond half of 1986, which has contributed to rising U.S.industrial output. "It's the other side of the lower dollar," Wyss said."Producers are beginning to find themselves more competitiveand they are increasing output." Wyss said that the latest data point to an averageindustrial production gain of 0.3-0.4 pct in the first quarter."It's an encouraging sign that the manufacturing sector isbeginning to revive." But Stephen Roach of Morgan Stanley and Co Inc was not convinced that the February reports portend economic gains. Hesaid much of the strength came from factors that do not pointto a sustained rise in industrial output. Roach pointed out that stikers returning to work in farmequipment industries helped account for a one pct rise inFebruary business equipment production. Utilities output rose 0.7 pct in February after gaining 1.2pct in January, but Roach said it shows mostly that more energywas produced, not that manufacturing activity gained. Finally, he pointed out that auto production accounted forhalf of the industrial production gain as production of autoassemblies rose to 8.3 million units at an annual rate from 7.5million units. "In the first quarter, it looks like automakers areproducing at an 8.5 mln unit annual rate, but selling atroughly a seven mln unit rate," Roach said. "The disparitybetween output and sales is showing up in inventories." Economists pointed to sharp rise in January U.S. businessinventories as a sign that production may be outstrippingdemand in the first quarter of 1987. January business inventories rose 0.9 pct, the largest gainsince July 1979 when inventories rose 1.7 pct, the CommerceDepartment said. Business sales dropped 4.5 pct in January, thelargest monthly sales drop on record. Nonetheless, economists do not expect the Fed to react tomonth-to-month changes. "The Fed has been standing pat for thelast seven months," Ramirez said. "They will continue to standpat for at least the next couple of months." | [
"interest"
] | [
"lin-oil",
"cpu"
] |
What topics are related to the document above? | Today's U.K. Economic data have pushedthe chances of another base lending rate cut from the currentnine pct further into the distance, analysts said. A record fall in unemployment and good manufacturingproduction data showed that the economy is still strong anddoes not need a fillip from lower rates. News that underlying earnings are rising 7.75 pct annually,taken together with higher than expected bank lending and moneysupply growth, revived inflation worries and monetaristarguments against easier credit, they said. "The timetable on lower interest rates is being pushed backall the while. The strength of the economy and broad moneygrowth are making it more difficult to see one in the nearterm," said Chase Manhattan Securities economist Robin Marshall. Analysts have reached this conclusion despite yesterday'smortgage rate cuts for new borrowers, which building societiessaid were a sign of the expected near term trend for U.K.Rates. It also counters the optimistic forecasts of last week thata post-general election cut was imminent, supported by suchoptimistic economic news as May's record reserves rise whichmirrored the Bank of England efforts to cap sterling'sstrength. The gilt market lost nearly half a point as enthusiasmabout May's 64,300 fall in the seasonally adjusted unemploymentrate, to 2.95 mln or 10.6 pct of the workforce, was rapidlyreplaced by dismay at the continued high level of underlyingaverage earnings in April, dealers said. The upset was compounded by news that sterling bank lendingrose 2.7 billion stg in May, above forecast, and that the Bankof England looks likely to have to sell more gilts to offsetthe impact on domestic money supply of its currentintervention. "The gilt market reaction was correct," said Bill Martin,chief U.K. Economist at brokers Phillips and Drew. "That's very important ... It shows the economy in a verygood state indeed," Skeoch said. "There's no reason to get worries about inflationarypressures because they're very subdued." Unit wage cost riseswere better than expected, just one pct higher in the year toApril, and it was these costs rather than average earningswhich were potentially inflationary, he added. "I don't think these average earnings numbers are a majorproblem," agreed Chase Manhattan's Marshall. But he said the gilts market was likely to remain worriedabout the funding implications of recent intervention. He said the inflow of foreign money into sterling assetsearlier this year, attracted by growth prospects and hopes thatthe ruling Conservatives would win last week's election, nowlooks likely to prevent a base rate cut as the authorities tryto prevent these funds swelling the domestic money system. However, David Owen, U.K. Economist at Kleinwort GrievesonSecurities, said any fresh sterling strength would stilltrigger a base rate cut and that today's figures did not signalhigher inflation this year. "Wage increases are being offset by productivity growth. Aslong as that continues we're okay," he added. | [
"interest"
] | [
"cocoa",
"soy-meal"
] |
What topics are related to the document above? | Egypt has cancelled its Export Bonustender for 200,000 tonnes of soft red winter wheat for May-Juneshipment after failing to bid a price acceptable to USDA,private export sources said. | [
"grain"
] | [
"bop",
"cotton",
"gas",
"carcass"
] |
What topics are related to the document above? | U.S. Agriculture Secretary RichardLyng said he is pleased the European Community plans to offer aglobal farm reform plan at GATT later this month, although theUnited States opposes key parts of the proposal. "We're pleased that they have moved in tabling a proposal.It will help us in getting the negotiations underway," Lyngtold Reuters in an interview Tuesday. Lyng's comment came after EC ministers in Luxembourgendorsed a farm reform package drafted by the EC Commission.The EC plan will be presented at the next meeting of Uruguayround agriculture negotiators in Geneva on October 26. Lyng said the United States would oppose parts of the planseeking a market sharing agreement for grains, and proposingcurbs on U.S. soybean and cereal substitute exports to Europe. The U.S. in July proposed to GATT the elimination of allfarm subsidies affecting trade within ten years, and haspressed the EC to make a counter-offer with the aim of reachinga global farm subsidy agreement by the end of 1988. However, the EC and some U.S. domestic groups have said theReagan administration plan to end all farm trade subsidies isunrealistic. Asked about such criticism, Lyng said "The alternative todoing that is to say that we preserve them and maintain them. Ithink that is the unrealistic position." "I would suggest that they (EC) listen to what we aretrying to say." Lyng also rejected suggestions the U.S. and EC agree afreeze in export subsidies to get the GATT negotiations started. "All that some countries would like to have would be awheat agreement where we would stop export subsidies on wheat.That doesn't do a thing for us," Lyng said. The United States wants an end to subsidies in a range ofagricultural products from dairy products to vegetable oils, hesaid. At the GATT negotiators meeting next week Canada isexpected to offer a proposal as well as the EC. The United States will be represented at the meeting byformer agriculture undersecretary Daniel Amstutz, recentlyappointed special U.S. negotiator on agriculture. | [
"veg-oil"
] | [
"lin-oil",
"jobs",
"interest"
] |
What topics are related to the document above? | The Federal Reserve is unlikely tooperate in the U.S. government securities market during itsusual intervention period this morning, economists said. Fed funds opened comfortably at 5-15/16 pct and remained atthat level. Yesterday Fed funds averaged 5.99 pct. | [
"money-fx"
] | [
"wheat",
"castor-oil",
"cpu",
"fuel"
] |
What topics are related to the document above? | The Soviet Union's winter graincrop is likely to have suffered losses due to dry plantingconditions last fall and severe cold this winter, an analyst ofworld weather and crop conditions said. Grain analyst and meteorologist Gail Martell, author of theEF Hutton publication "Global Crop News," said in her latestreport that the Soviets may import more grain, possibly wheat,from the U.S. due to potential crop damage. "Compared with last year, the outlook (for the Sovietwinter grain crop) is far more pessimistic," she said. "Butit's still too early to talk about disastrous losses. A lotwill depend on spring weather, not only for the outcome of thetroubled winter grain crop, but also for spring planting." Martell said the dry weather conditions last fall probablyprevented optimal seed germination for winter grains. Key wheatgrowing areas of the southern Ukraine and North Caucasusreceived on 25-35 pct of autumn precipitation, she said. The bitter winter cold temperatures -- which broke recordlows that had stood for four decades -- also may have taken itstoll on Soviet winter crops, she said. However, she noted that most of the southern grain belt hadample snow cover, which should have well-insulated the majorityof crop areas from severe frost damage. The USSR has already bought 20 to 21 mln tonnes of grainsin the July 1986/June 1987 marketing year, primarily fromCanada, the European Community, Argentina and Australia,Martell said. She cited a number of reasons besides possible cropproblems that might point to additional Soviet import demand. Last fall's dry weather may limit livestock grazing onmoisture-depleted pastures, while the cold winter weathernecessitated supplemental feeding to keep livestock healthy. Martell was also skeptical of a Soviet claim for a 1986grain harvest of 210 mln tonnes, and said the Chernobylaccident may have contaminated more grain than originallythought and have to be made up with imports. However, she said the U.S. remains a supplier of lastresort for the Soviet Union, noting that the Soviets have onlyjust recently begun their first U.S. grain purchases of the1986/87 season by buying 2.25 mln tonnes of corn. Martell cited USDA statistics showing that since the 1980grain embargo the U.S. is only a major supplier of grain to theUSSR during years of heavy Soviet demand. In 1984/85, the U.S. supplied 41 pct of record Soviet grainimports of 55.5 mln tonnes. But in 1985/86, the Soviet Unionbought 29.9 mln tonnes of grain and turned to the U.S. for only24 pct of that total. While the USDA Soviet import target for grain for 1986/87was 22 mln tonnes, many U.S. grain analysts have revised theirestimates of Soviet imports up to 25-28 mln tonnes, she said. | [
"corn"
] | [
"cocoa",
"crude",
"copra-cake"
] |
What topics are related to the document above? | Henley Group Inc's M.W. Kellogg Cosubsidiary said it in consortium with <Inelectra> received acontract from Corpoven S.A., a Venezuelan-owned domestic oilcompany, to revamp and expand its El Palito Refinery. Kellogg said the installed cost of the work to be performedis estimated to be 130 mln dlrs. Inelectra, Kellogg said, is amajor Venezuelan engineering firm. Kellog said the project will enable the refinery to produceBTX products -- benzene, toluene, and orthoxylene -- byprocessing naphtha feed from an expanded reformer-hydrotreater. Kellogg said the refinery's reformer-hydrotreater will beupgraded to 9,500 barrels a day capacity from 7,500. It said the new BTX process units include aromaticextraction, xylene fractionation, xylene isomerization andthermal hydrodealkylation. Kellogg pointed out that Venezuela now imports all of itsBTX aromatics. | [
"pet-chem"
] | [
"meal-feed",
"dkr",
"peseta"
] |
What topics are related to the document above? | The Commodity Credit Corporation,CCC, has reallocated 15.0 mln dlrs in credit guarantees toTurkey previously earmarked for sales of U.S. oilseeds toprovide coverage for sales of U.S. protein meals in fiscal year1987, the U.S. Agriculture Department said. The department said the action reduces the guarantee lineauthorized for sales of oilseeds to 5.0 mln dlrs from 20.0 mlndlrs and creates the new line for protein meals. All sales under the credit lines must be registered andexports completed by September 30, 1987, it said. | [
"oilseed"
] | [
"linseed",
"sun-meal",
"dlr",
"wheat"
] |
What topics are related to the document above? | N-D Resources Inc said itagreed in principle to issue an undetermined number of sharesto Recovery Resources Corp, Bahrain, in order to acquireRecovery's Atoka Gas Gathering Systems Inc. Atoka currently operates a 20-mile natural gas pipeline of46 miles in length in southeastern Oklahoma. | [
"acq"
] | [
"rupiah",
"soy-meal",
"retail",
"hk"
] |
What topics are related to the document above? | Alcoa of Australia Ltd <AA.S>, owned51 pct by the Aluminum Co of America <AA>, said net profit roseto 20.2 mln dlrs in the first quarter of 1987 from 0.8 mln inthe same 1986 period. Sales revenue climbed to 300.9 mln from 233.0 mln. Thecompany paid 36.5 mln income tax compared with 4.8 mln. Capital expenditure was 24.0 mln, against 33.4 mln. Alcoaspent 15.7 mln on its new Portland aluminium smelter comparedwith 25.8 mln the year before. Over 65 pct of the smelter'sfirst potline is on stream and by the second quarter it will beproducing at the full annual rate of 150,000 tonnes a year. | [
"earn"
] | [
"propane",
"f-cattle",
"yen",
"instal-debt"
] |
What topics are related to the document above? | Sen. Rudy Boschwitz, R-Minn., said heintended to offer legislation that would allow 1987 producersof wheat, feedgrains, cotton and rice to receive at least 92pct of their deficiency payments, regardless of how much theyplanted. Boschwitz told the Senate Agriculture Committee thatapplying the so-called 0/92 provision to 1987 crops wassupported by the Reagan administration and would saveapproximately 500 mln dlrs, including 266 mln dlrs in cornpayments, 90 mln dlrs in wheat and 30 mln dlrs in cotton. The Minnesota senator said he might offer the bill on theSenate floor or in a conference committee with the House ofRepresentatives in the event a similar bill before the HouseAgriculture Committee is approved by that body. Boschwitz told Reuters that neither he nor the U.S.Agriculture Department had decided whether or how deficiencypayments should be guaranteed to farmers who might choose notto plant under the decoupling scheme. If payments are not set in advance under decoupling, marketprices conceivably could rise, thereby leading to diminisheddeficiency payments. Senate Agriculture Committee Chairman Patrick Leahy, D-Vt.,said he wanted to go to conference with the House as soon aspossible on the issue, but would have to study the matterfurther before deciding how he would vote on it. | [
"grain"
] | [
"trade",
"potato"
] |
What topics are related to the document above? | A Swiss National Bank spokesman said thebank had not intervened in currency markets today and dealerssaid they had seen no evidence of Bundesbank action outsideWest Germany. Frankfurt dealers reported that the Bundesbank boughtdollars for yen in the open market there. Zurich dealers said the absence of the Swiss National Banksuggested that no concerted intervention was under way. Asked earlier today if the Swiss National Bank hadintervened, the spokesman said "not yet." | [
"yen"
] | [
"tapioca",
"sugar",
"nzdlr"
] |
What topics are related to the document above? | Mount Isa Mines Holding Ltd plans toacquire a 30 pct stake in Europe's largest primary copperproducer, Norddeutsche Affinerie AG, a spokesman forMetallgesellschaft AG said. MIM intends to take Preussag AG's total 20 pct share in thecopper producer in exchange for some three pct of MIM's sharecapital. MIM will also take another 10 pct now held by DegussaAG, reducing Degussa's share to 30 pct from 40.Metallgesellschaft's share will remain at 40 pct. The move is subject to approval of the federal carteloffice and supervisory boards of the companies involved. | [
"acq"
] | [
"barley",
"orange",
"bop",
"palm-oil"
] |
What topics are related to the document above? | Graham-McCormick Oil and GasPartnership said it completed the sale of interests in twomajor oil and gas fields to <Energy Assets International Corp>for 21 mln dlrs. The company said it sold about one-half of its 50 pctinterest in the Oak Hill and North Rucias fields, its twolargest producing properties. It said it used about 20 mln dlrs of the proceeds to prepayprincipal on its senior secured notes. Semi-annual principalpayments on the remaining 40 mln dlrs of notes have beensatisfied until December 1988 as a result, it said. The company said the note agreements were amended toreflect an easing of some financial covenants, and an increaseof interest to 13.5 pct from 13.0 pct until December 1990. It said the noteholders exercise price for 1,125,000warrants was also reduced to 50 cts from 1.50 dlrs. The company said Energy Assets agreed to share the costs ofincreasing production at the Oak Hill field. | [
"nat-gas"
] | [
"skr",
"cruzado",
"cpu"
] |
What topics are related to the document above? | The Soviet Union's recent cornpurchases from the United States could total as much as 3.5 mlntonnes, U.S. Agriculture Undersecretary Daniel Amstutz said. "We are not sure how much (Soviets have bought) but we thinkit could be as high as 3.5 mln tonnes," Amstutz told a HouseAgriculture Appropriations Subcommittee. He added that China also will need to import more corn thisyear than earlier anticipated, but he gave no figures. | [
"grain"
] | [
"peseta",
"l-cattle",
"f-cattle",
"stg"
] |
What topics are related to the document above? | Yugoslavia's top oil and natural gasproducer <Ina-Naftaplin> has started to implement a cooperationcontract signed last year with the French petrochemical concern<Petro Chemie>, the official Tanjug news agency said. Under the deal Petro Chemie supplies oil to Ina refineriesin Sisak and Rijeka and ships parts to 12 Yugoslav firms in thepetrochemical, chemical, textile and plastics industries. TheYugoslav firms, in turn, will export oil products to France. Tanjug said this year's exchange will value 530 mln dlrs. Ina signed a similar deal with West Germany's Hoechst AG<HFAG.F> two years ago. Ina also has joint ventures and co-production projects,involving Yugoslavia's other main producer <Naftagas> of NoviSad, with partners in Angola, Algeria and Tunisia, exploringfor and exploiting oil and natural gas. An estimated 300,000 tonnes of oil will thus be obtainedfrom fields in Angola over the next 15 years, Tanjug said. Ina accounts for some 75 pct of Yugoslavia's total oilproduction, which amounts to 4.2 mln tonnes a year. Ina earned more than 154 mln dlrs from exports of goods andservices to 39 countries last year and ranks among Yugoslavia'sleading export enterprises. In a separate statement issued through Tanjug, Ina said ithas successfully completed the first drill at the depth of over3,000 meters in the Bay of Baes, in Tunisia. Ina is jointlyprospecting with the U.S. Firm Conoco for oil and gas there. Work on a second drill, below 4,000 meters, would startsoon in the Bay of Gabes, the statement said. Ina would investabout 8.5 mln dlrs in prospecting in the Gabes area. Conoco, which has completed geological prospecting for theTunisian government, has transferred one third of its optionrights in the region to Ina, it said. | [
"pet-chem"
] | [
"platinum",
"yen",
"cpu",
"palmkernel"
] |
What topics are related to the document above? | The Federal Reserve may intervene inthe government securities market to supply temporary reservesindirectly via customer repurchase agreements, economists said. They said that while the Fed faces no great urgency to addreserves at the start of the two-week maintenance period todayit would probably do so in order to offset a relatively highfederal funds rate. Fed funds opened at 6-3/16 pct and remained there in earlytrading. Yesterday, they averaged 6.45 pct, after rising ashigh as seven pct at the close. | [
"money-fx"
] | [
"yen",
"carcass",
"sfr",
"income"
] |
What topics are related to the document above? | 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 (12,500 tonnes). The bonus awards were made to Peavey Company and will bepaid in the form of commodities from CCC stocks, it said. An additional 175,000 tonnes of wheat flour are stillavailable to Iraq under the Export Enhancement Programinitative announced January 7, 1987, the department said. | [
"grain"
] | [
"copra-cake",
"acq",
"carcass",
"gas"
] |
What topics are related to the document above? | The U.S. drilling rig count fell by fourlast week to a total of 758, against 723 working rigs at thistime last year, Baker Hughes Inc said. In Canada, the weekly rig count rose 19 to 100, compared to46 working rigs last year. Among individual states, the steepest declines were inOklahoma and Louisiana which lost eight and seven,respectively. Drilling increases were reported by Michigan, upby five rigs, and Ohio and Pennsylvania which each rose bythree. Baker Hughes said the total of 758 working rigs in theUnited States included 84 rigs working in offshore waters. | [
"crude"
] | [
"dlr",
"palladium",
"inventories",
"rubber"
] |
What topics are related to the document above? | The Bundesbank bought large amountsof dollars for yen in an apparent attempt to hold the dollarabove 149 yen, dealers said. The dollar intervention was in concert with some othercentral banks, they said. Dealers said the Bank of Japan and Bank of Englandsupported the dollar against the yen earlier today and thatthese two banks and the U.S. Federal Reserve were also activeyesterday. The Bundesbank declined to comment on the dealers' remarks. Dealers said the intervention underlined the determinationof central banks to keep currencies within recent rangesfollowing last month's agreement in Paris by six leadingcountries to foster currency stability. One dealer said he had been repeatedly in contact with theBundesbank during the morning to see if it wanted to buydollars after the Japanese and U.K. Central bank moves. He said the Bundesbank told him it was observing thesituation to see if it should intervene in consultation withother central banks. Since the Paris agreement on February 22 the dollar haduntil yesterday traded in a 1.8150-1.8700 mark range, and above150 yen, with traders reluctant to push the dollar down to testcentral banks' resolve to defend currency stability. But the test came this week with the dollar falling below1.81 marks and 150 yen. Dealers said a reviving trade disputebetween Washington and Tokyo and growing sentiment that thedollar would have to fall further to narrow the obstinate U.S.Trade deficit were behind the weakness. This week's intervention showed central banks were preparedto cooperate to defend the Paris pact, dealers said. Dealers said it was significant the West German and Britishcentral banks were supporting the dollar against the yen. That showed the pact involved multilateral cooperation bycentral banks to foster currency stability, they said. But it was unclear how such cooperation was being arrangedand how frequent consultations between central banks were. | [
"money-fx"
] | [
"dmk",
"trade",
"castorseed",
"crude"
] |
What topics are related to the document above? | The Swiss National Bank bought dollarsagainst yen today, a spokesman for the bank said. He declined to say how many dollars the bank bought or whenprecisely it intervened. Swiss foreign exchange dealers described the NationalBank's purchases as modest, perhaps amounting to no more than20 or 30 mln dlrs. The Bank of France, which was reported buying dollarsagainst the yen in Paris, had made inquiries with Swiss banksas well, and the Bundesbank had also intervened. Bank of Japandollar purchases today were perhaps 1.2 to 1.5 billion dlrs. Dealers said this tended to confirm the market's impressionthat major industrial countries had agreed at the Paris meetingon an effective floor for the dollar of 148 yen, and the marketseemed ready to test it. Commercial clients were also selling dollars against theyen as the end of the Japanese fiscal year on March 31 drewcloser. Today's dealings in spot currencies are booked forMarch 31. One dealer said he had the feeling Japanese companies hadbeen asked by the Bank of Japan not to sell dollars at thispoint, but some, while sticking to the letter of that request,were offering dollars forward today, rather than lose out ifthe dollar fell further. The run on the dollar against the yen came in a marketthinned by the absence of many dealers for a Forex Club meetingin Hamburg. Trading was, in fact, rather light against currencies otherthan the yen, the dollar holding little changed through theday. The market now expected the U.S. Federal Reserve tointervene in support of the dollar. "But they will probably doit only half-heartedly, so I don't think it will matter toomuch on rates," one dealer said. | [
"money-fx"
] | [
"earn",
"rapeseed",
"jobs",
"cottonseed"
] |
What topics are related to the document above? | South Korea's purchase of about 2.4mln tonnes of U.S. corn in the past six months -- close todouble last year's total -- indicates that imports from theUnited States, as well as total imports are set for a dramaticjump, the U.S. Agriculture Department said. In its World Production and Trade Report, the departmentsaid total South Korea corn imports for the 1986/87 season(Oct-Sept) are estimated at 4.3 mln tonnes, with about 3.4 mlntonnes from the United States. During the 1985/86 season, imports totaled only 1.3 mlntonnes of U.S. corn out of a total of 3.6 mln tonnes. Ite appears the Koreans are shifting back to U.S. corn inlight of competitive U.S. prices and uncertain supplies fromChina, Argentina and South Africa, it said. | [
"grain"
] | [
"dfl",
"castorseed",
"oilseed",
"fishmeal"
] |
What topics are related to the document above? | Bangladesh passed on its weekend tenderfor 100,000 tonnes of optional origin soft wheat, privateexport sources said. | [
"grain"
] | [
"barley",
"retail",
"money-supply",
"can"
] |
What topics are related to the document above? | A Portuguese court has made apreliminary ruling that the state grain buying agency EPACshould not be allowed to take part in public import tendersopen to private importers, grain traders and officials said. Under the terms of Portugal's January 1986 accession to theEuropean Community, EC, a grain import monopoly held by EPAC(Empresa Publica de Abastecimento de Cereais) is being reducedby 20 pct annually until all imports are liberalised in 1990. Private traders protested last year that EPAC was beingpermitted to take part in tenders open to them for the firstliberalised 20 pct share of the country's annual import needs.The grain and oilseed importers association ACICO opened legalproceedings to stop EPAC participating in the public tenders. Miguel Ascensao of ACICO told Reuters that Lisbon's civilcourt, in a preliminary ruling, had decided EPAC should not beallowed to take part in tenders open to private traders. Trade sources said the ruling, though effectiveimmediately, was subject to appeal and would have to beconfirmed in further proceedings. A member of the government Cereals Market Commission saidthat, as a result of the court's decision, the Commission wouldnot be able to accept offers from EPAC in a public tender beingheld today for the import of 80,000 tonnes of corn. Ascensao said the court ruling stated that EPAC'sparticipation in the public tenders violated the clauses ofPortugal's EC accession treaty dealing with the gradualdismantling of the state agency's import monopoly. It also said the participation of EPAC, which stillcontrols the national grain storage and distribution network,was unfair competition to the private traders. Traders said they believed the EC's Executive Commissionwas unlikely to get involved in the dispute, preferring toleave the case to be resolved as an internal Portuguese issue. "They (the EC Commission) will be keeping a low profile," onetrader said. ACICO says it is ready to take its case to Brussels ifnecessary. | [
"grain"
] | [
"palladium",
"dfl",
"coconut-oil",
"nkr"
] |
What topics are related to the document above? | <Multi-Step Products Inc>, earlierreporting an initial six month loss, said it agreed to sellwholly owned Multi-Step Manufacturing Inc for 100,000 dlrscash, subject to shareholder and regulatory approval. Multi-Step also said it will pay 900,000 dlrs to cancel711,192 of its own shares, which will be acquired from MichaelPenhale and his benficiaries. Penhale will control and manageMulti-Step Manufacturing, following the transactions. Multi-Step had a 739,146 dlr loss for the six months endedDecember 31. The company received its initial public listing inDecember. The company said its ladder-making unit has been losing300,000 dlrs quarterly. The sale, expected to close in April, also calls forretirement of the unit's 400,000 dlr bank debt, Multi-Stepsaid. The unit also has agreed to pay a debt of 400,000 dlrs toTarxien Company Ltd, which is 40 pct owned by Multi-Step. Multi-Step previously said it agreed to acquire theremaining 60 pct of Tarxien it does not already own. | [
"earn"
] | [
"lei",
"rape-oil",
"citruspulp",
"veg-oil"
] |
What topics are related to the document above? | Unidentified jets attacked three Iranianoil rigs in the southern Gulf early on Monday, setting at leastone of them ablaze, regional shipping sources said. Earlier today in Washington, U.S. Television networks hadreported that American forces launched a retaliatory strikeagainst Iran late Sunday, attacking two Iranian offshore oildrilling platforms and setting them ablaze. The shipping sources said Iran's Sassan, Rostam and Rakhshoffshore oilfields were attacked at 0700 local (0300 GMT) by awave of jet fighter bombers. Smoke was seen spiralling up fromthe Rostam field soon after. At least one of the other two targets was also believed tobe ablaze, the sources said. The Sassan and Rostam fields have been targets for Iraqiair strikes in the past, but Baghdad had not reported anysouthern Gulf missions prior to news of the latest attack. Shipping and military sources in the region have said Iranused its southern Gulf rigs as bases to launch helicopter andlater speedboat attacks on neutral ships in the waterway. U.S. Officials had been meeting on a response since Fridaywhen an attack on a Kuwaiti port severely damaged aU.S.-flagged ship. President Reagan said on Sunday he hadalready made a decision on the U.S. Response to Friday's Iranattack but would not say what the decision was. | [
"ship"
] | [
"copra-cake",
"saudriyal",
"fishmeal",
"hk"
] |
What topics are related to the document above? | There was no evidence of winterkillin Yugoslavian winter wheat during field travel along a linerunning northwest from Belgrade to near Maribor, the U.S.Agriculture Department's counselor in Belgrade said in a fieldreport. The report, dated February 26, said there is evidence ofdelayed germination in most areas due to late seeding last fallbecause of dry conditions. However warm temperatures over the past three weeks havepromoted some early growth and will help the crop catch up onlast fall's late seeding, it said. Some Yugoslav agriculture officials are concerned about thesituation because warm temperatures have brought the grain outof dormancy and taken away snow protection a little early, thereport said. Cold temperatures over the next month could cause damageunder these conditions, they said. The report said all wheat farmers contacted during thefield trip were optimistic about the crop and the way itemerged from winter. | [
"grain"
] | [
"linseed",
"strategic-metal",
"plywood",
"fishmeal"
] |
What topics are related to the document above? | Secretary of State George Shultz hasdecided not to oppose any U.S. wheat subsidy offer to theSoviet Union and has left the final decision on whether to sellsubsidized wheat to Moscow up to President Reagan and theAgriculture Department, a State Department official said. "Shultz feels like he fought the battle against a subsidylast summer, and he's not going to the mat again. It's nowbasically the USDA who has to make their decisions as to whatthey want to do," the official said. If USDA decides to go ahead with a subsidy offer to theSoviet Union, he said, "Shultz will not wage a vigorouscampaign against it. He might not come out in favor of it, buthe won't go to the President and voice his objections." In an official statement clarifying Shultz's remarksyesterday to leaders of the National Association of WheatGrowers, the State Department said, "Secretary Shultz expressedhis belief that whenever possible, U.S. grain should becompetitive on world markets, including the Soviet Union. The Agriculture Department is in the best position todetermine whether consideration should be given at this time toextending to the Soviets a subsidy under the Export EnhancementProgram." Although Shultz will not oppose a wheat subsidy to theSoviets, there remain obstacles to another subsidy offer toMoscow, the State Department official said. "Everyone in the government agrees that if there is asubsidy to be offered, we would not offer it unless we had afirm commitment from the Soviets that they would buy." USDA does not want a repetition of last summer when theUSSR baulked at its offer of four mln tonnes of subsidizedwheat, the official, who asked not to be identified, said. The Soviets rejected the U.S. offer then on the groundsthat the 13 dlr per tonne subsidy was insufficient to bringU.S. prices down to competitive levels. The Soviets want a higher subsidy offer this time, theState Department source said. "What the Soviets want is something equivalent to thelowest price being paid by anyone in the world," he said. The Soviets argue that they are the best customer of theU.S. and that they are entitled to the best price, he said. Government and commodity sources also said there areelements in the USDA, most notably undersecretary DanielAmstutz, who remain opposed to a wheat subsidy to the Soviets. "Subsidized wheat to the Soviet Union is still not aforegone conclusion," the State Department official said. | [
"grain"
] | [
"pet-chem",
"cotton",
"cruzado",
"palm-oil"
] |
What topics are related to the document above? | The joint committee of Taiwan's maizeimporters awarded contracts to two U.S. Firms to supply twoshipments totalling 81,000 tonnes, a committee spokesman said. Continental Grain Co of New York won a contract for thesupply of 54,000 tonnes, priced at 96.17 U.S. Dlrs a tonne cand f Taiwan for delivery between May 21 and June 5. Gulf Coast Grain Inc of Memphis, Tennessee, won a contractfor 27,000 tonnes at 100.75 dlrs a tonne also c and f Taiwan,for May 21-June 5 delivery. | [
"grain"
] | [
"dlr",
"fuel",
"cornglutenfeed",
"inventories"
] |
What topics are related to the document above? | U.S. scientists said some tropicalvegetable oils can be hazardous to consumers whose health is atrisk because of high levels of saturated fat, lending weight toa campaign by the American Soybean Association (ASA) forlabelling changes. The scientists appeared to support an ASA charge, denied byMalaysian palm growers, that imported coconut, palm and palmkernel oils contain high levels of saturated fat and thus raiseblood cholesterol and the risk of heart disease. In a petition filed in January, the ASA asked the U.S. Foodand Drug Administration (FDA) to require palm, palm kernel andcoconut oils to be identified as saturated fats on foodmanufacturers' labels. The FDA responded to the ASA in a letter saying it wouldconsider the petition as a comment to a proposed rule dealingwith cholesterol and fatty acid labelling of foods. Malaysian oil palm growers have said the charges by the ASAthat palm oil consumption increases blood cholesterol andcontributes to heart disease are untrue. But Steve Chang, Professor of Food Science at RutgersUniversity, said, "Palm oil is definitely not good for humanhealth because it has a high content of saturated fatty acid." He added that the higher the fatty acid, the greater theblood cholesterol level. "It has been well established thathigh cholesterol levels will have a higher level of heartdisease," he said. A Malaysian Oil Palm Growers Council official, BorgeBek-Nielsen, has said studies have shown that palm oil ischolesterol-free, low in saturated fats, has anti-cancerproperties and prevents blood clotting and blocking of arteriesin humans. Bek-Nielsen said Americans consume more saturated fatsdaily through food like butter, bacon, ham and beef than frompalm oil, which, he added is rich in vitamins A and E. David Kritchevsky, Associate Director of the WistarInstitute in Philadelphia, appeared to take the ASA view onlabelling. "What people really have to learn is to read labels,"said Kritchevsky. "The more a consumer knows, the more likely hewill make an intelligent choice." The U.S. scientists said they had no doubt imported palm,palm kernel and coconut oils contain high saturated fat levels. Kritchevsky, a specialist in nutrition, said, "Moresaturated fat would raise cholesterol levels...So, from thatpoint of view it's a health risk. High cholesterol levels inthe blood are a risk factor for heart disease." Susanne Harris, deputy assistant secretary of the U.S.Agriculture Department's Food and Consumer Services Division,said the health risk among consumers of vegetable oils withhigh saturated fat levels was highest among those who haveheart disease. The scientists said more than 50 pct of the fatty acidcontent of the tropical oils was saturated, whereas less than20 pct of the fatty acid content of soybean oil was saturated. David Ericksen, director of ASA's technical services, saidU.S. soybean producers could regain about one-half of the 273mln dlrs in sales lost to imported tropical oils if consumerswere aware the vegetable oils were high in saturated fat. Imported tropical oils displace 171 mln bushels of U.S.soybean sales in the U.S. market, ASA estimates. U.S. imports of coconut oil during January totaled 82.9 mlnlbs compared with 48.0 mln lbs in December and 106.5 mln a yearearlier, according to Commerce Department figures. Imports of palm oil totaled 44.0 mln lbs compared with 51.3mln lbs in December and 85.2 mln a year earlier. | [
"coconut-oil"
] | [
"castor-oil",
"sun-meal",
"bfr"
] |
What topics are related to the document above? | International Trade and Industry MinisterHajime Tamura told a parliamentary session Japan's small- andmedium-sized enterprises are seriously suffering from the yen'srise and can only stand levels around 170 yen. He also said he still believes a dollar exchange rate levelplus or minus 10 yen from 170 yen would be within levels agreedupon last month in Paris by six major industrial nations.Finance ministers of Britain, Canada, France, Japan, the U.S.And West Germany agreed on February 22 to cooperate instabilizing exchange rates around the current levels. Thedollar had closed here at 153.77 yen on February 20. | [
"money-fx"
] | [
"nzdlr",
"grain",
"barley",
"rape-meal"
] |
What topics are related to the document above? | Brazil will export 6,000 tonnesof poultry and 10,000 tonnes of frozen meat to Iraq in exchangefor oil, Petrobras Commercial Director Carlos Sant'Anna said. Brazil has a barter deal with Iraq and currently imports215,000 barrels per day of oil, of which 170,000 bpd are paidfor with exports of Brazilian goods to that country. | [
"carcass"
] | [
"dmk",
"lead",
"alum"
] |
What topics are related to the document above? | Ten grain ships were loading and 18were waiting to load at New Orleans elevators, trade sourcessaid. ELEVATOR LOADING WAITING Continental Grain, Westwego 1 3 Mississippi River, Myrtle Grove 2 0 ADM Growmark 1 4 Bunge Grain, Destrehan 1 0 ELEVATOR LOADING WAITING ST CHARLES DESTREHAN 1 3 RESERVE ELEVATOR CORP 0 1 PEAVEY CO, ST ELMO 1 2 CARGILL GRAIN, TERRE HAUTE 1 4 CARGILL GRAIN, PORT ALLEN 1 0 ZEN-NOH 1 1 reuter | [
"grain"
] | [
"palm-oil",
"rubber",
"nickel",
"castor-oil"
] |
What topics are related to the document above? | Philippine coconut oil exports to Europewould be virtually wiped out if the European Community (EC)implements a new tax on vegetable oils, Philippine CoconutAuthority (PCA) chairman Jose Romero said. But he told reporters he did not think the EC would imposethe tax because of objections from the U.S. "There's just so much flak coming from many countries,spearheaded by the United States, whose soybean exports wouldbe adversely affected. This would spark a trade war," he said. The tax, to be imposed from July, would add about 375 dlrsa tonne to vegetable oils entering the EC. The Philippines exported 43,540 tonnes of coconut oil worth11.7 mln dlrs to Europe in January, against total exports of86,959 tonnes worth 23.8 mln. It also exports copra and coprameal. Agriculture Secretary Carlos Dominguez has also raisedobjections to the proposed EC tax. He said it could cause the collapse of world demand andprices and destroy the domestic industry. | [
"oilseed"
] | [
"jet",
"skr",
"sfr",
"veg-oil"
] |
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 preferred and options. Bayou has 827,000 shares out. Depending upon the results of the re-evaluation of asignificant Bayou well as of Jan. 1, 1988, Bayou stockholdersmay receive up to an additional two mln dlrs in stock and cash,which has not been included in the 8.8 mln dlrs. | [
"crude"
] | [
"groundnut",
"rape-oil",
"ship",
"f-cattle"
] |
What topics are related to the document above? | There were no shipments of U.S.grain or soybeans to the Soviet Union in the week ended March12, according to the U.S. Agriculture Department's latestExport Sales report. The USSR has purchased 1.0 mln tonnes of U.S. corn fordelivery in the fourth year of the U.S.-USSR grain agreement. Total shipments in the third year of the U.S.-USSR grainsagreement, which ended September 30, amounted to 152,600 tonnesof wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes ofsoybeans. Shipments to the USSR in the second year of the agreeementamounted to 2,887,200 tonnes of wheat and 15,750,100 tonnes ofcorn. | [
"grain"
] | [
"sun-meal"
] |
End of preview. Expand
in Data Studio
Cite
@misc{xu2025satabenchselectapplybenchmark, title={SATA-BENCH: Select All That Apply Benchmark for Multiple Choice Questions}, author={Weijie Xu and Shixian Cui and Xi Fang and Chi Xue and Stephanie Eckman and Chandan Reddy}, year={2025}, eprint={2506.00643}, archivePrefix={arXiv}, primaryClass={cs.CL}, url={https://arxiv.org/abs/2506.00643}, }
Select-All-That-Apply Benchmark (SATA-bench) Dataset Desciption
SATA-Bench is a multi-domain benchmark designed for 'Select-all-that-apply' questions. This dataset contains:
- Sata questions from several subjects, including reading, news, law, and biomedicine,
- 1.5K+ questions with varying difficulty levels, one correct answer, and complex distractor options.
- Each question has one correct answers and multiple distractors presented.
This dataset was designed to uncover selection bias of LLMs in multi-choice multi-answer setttings. A comprehensive evaluation of sota LLMs on SATA-Bench has been performed.
Please refer to sata-bench/sata_bench for a small subset of human labeled questions with multiple correct answers
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Size of downloaded dataset files:
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Number of rows:
1,570