Monday, March 31, 2008

Quick Overview

  • The Chicago Purchasing Managers' index rose from 44.5 to 48.2 in March.
  • Canada’s GDP rose 0.6% MoM, and 2.2% YoY

  • Japan's industrial production fell 1.2% in February.

  • U.K.'s index of services rose 0.6% in January.

  • In 2008 the USDA expects farmers to plant:
    86.0 million acres of corn, down 8% YoY.
    74.8 million acres of soybeans, up 18% YoY
    63.8 million acres of wheat, up 6% YoY.
    9.4 million acres of cotton, down 13% YoY.

  • The USDA said, as of March 1st, U.S. stocks of:
    Corn totaled 6.86 billion bushels, up 13% YoY.
    Soybeans totaled 1.43 billion bushels, down 20% YoY.
    Wheat totaled 710 million bushels, down 17% YoY.

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