Saturday, August 26, 2006

Quick Overview

  • YoY consumer prices in Tokyo were up 0.9% in August. In Japan overall prices were up 0.3% YoY. Less than expected.

  • Statistics Canada estimates Canada's 2006 wheat crop at 25.9 million tons, down 3% YoY.
    Statistics Canada estimates 2006 canola crop at 8 million tons, down 17% YoY.

  • The Brazilian government raised its estimate of the coffee crop from 40.6 to 41.6 million bags. The USDA's estimates the Crop at 44.8 million bags.

  • Chad ordered U.S. energy giant Chevron and Malaysia's Petronas on Saturday to leave the country within 24 hours for failing to honor tax obligations, a move seemingly aimed at increasing control over its oil output.

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