Saturday, July 07, 2007

Quick Overview

  • U.S. Unemployment rate was unchanged in June at 4.5%.

  • Canada’s unemployment rate remained at 6.1% in June

  • Industrial production in the U.K. was up 0.6% in May.

  • July 6 (Bloomberg) -- Sugar, corn, wheat and cotton may be among
    the best commodity investments in the next one to three years driven by biofuel demand and rising incomes in China and India, according to UBS AG, the world's largest money manager.

  • Newmont Mining rose by more than 5% after that company announced it was eliminating its hedging program.

  • A private forecaster pegs the 2007/08 winter wheat crop at 1.583 billion bushels, versus the June 11th USDA forecast of 1.61 billion bushels. The hard red wheat production is forecast at 989 million versus the USDA figure of 1.03 billion.

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