Thursday, February 28, 2008

Quick Overview

  • U.S. GDP rose 0.2% QoQ and 2.2% YoY -- less than expected

  • Japan's factory production fell 2% in January

  • Germany's unemployment rate improved from 8.7% to 8.6%.

  • South Korea’s current account deficit widened to $2.03 billion in January, the biggest deficit in almost 11 years

  • The International Grain Council estimates 2008/2009 world wheat production at 646 million tonnes, compared with 603.6 last year.

  • CALPERS, may increase its commodities investments 16-fold to $7.2 billion through 2010.

  • MF Global exposed a $141.5 million loss from unauthorized trades in wheat by one of its reps.

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