Friday, September 28, 2007

Quick Overview

  • The PCE deflator, a core measure of consumer prices, rose 1.8%.

  • U.S. Personal incomes rose 0.3% in August and consumer spending rose 0.6%, more than expected.

  • The U.S. Census Bureau said construction spending was up 0.2% from July's pace. YoY construction spending is down 3.3%.

  • The Chicago purchasing-managers' index rose from 53.8 to 54.2

  • GDP in Canada rose 9.2% in July and 2.5% YoY.

  • YoY Japan’s household spending rose 1.6%
    YoY Japan’s Industrial production rose 3.4%.
    Japans unemployment rate rose from 3.6% to 3.8.
    YoY consumer prices in Tokyo fell 0.2%

  • The USDA said that, on September 1, 2007:
    Corn stocks totaled 1.30 billion bushels, down 34% YoY.
    Soybean stocks totaled 573 million bushels, up 27% YoY.
    Wheat stocks totaled 1.72 billion bushels, down 2% YoY.

  • The USDA said that all wheat production will total 2.07 billion bushels in 2007, down 2% from the August forecast.

  • The International Grains Council cut its global wheat production forecast from 607m tonnes to 601m tonnes and cut its estimate for Australian output to 13.5m tons.



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