Quick Overview

• U.S. Unemployment rate remained at 4.7% in October with a net increase of 166,000 jobs, much more than expected.
  

• U.S. Factory orders rose 0.2% in September, better than expected. Excluding transport, orders rose 1.4%.
  
  

• Canada’s unemployment rate improved from 5.9% to 5.8% in October, the lowest in 33 years
  

• Canadian Finance Minister Flaherty played down the idea of cutting interest rates as a way of stemming the rise of the Canadian dollar.
  

• Manufacturing in the Euro zone fell from 53.2 to 51.5 in October, the lowest in two years.
  

• Informa estimates the U.S. corn crop at 13.193 billion bushels, down 125 million from the last USDA forecast.
  
  

• Informa estimates the U.S. soybean crop at 2.628 billion bushels, up 30 million from the last USDA forecast.
  
  

• The Census Bureau said soybean oil stocks were 2.91 billion pounds at the end of September compared with 3.05 billion in August.