Monday, August 15, 2005

Quick Overview

  • The New York Federal Reserve's index of manufacturing is down from 23.9 to 23.0 in August.

  • The U.S. Congressional Budget Office said that the federal budget deficit would be $331 billion this year and $314 billion in 2005-2006.


  • The average price of U.S. retail diesel exploded last week, rising 16 cents a gallon in the largest single-week increase ever recorded, according to the Department of Energy. The surge left prices at $2.567 a gallon, setting a new record for the second time in the past month.


  • The Green Coffee Association said that U.S. coffee stocks were up 118,087 bags at the end of July at 6.06 million bags.

  • The USDA said that its good to excellent crop rating for:
    Corn was 51%, down from 52% a week ago.
    Soybeans were 51%, the same as a week ago.
    Spring wheat was 64%, down from 67% a week ago.
    Cotton was 64%, up from 61% a week ago.

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