Monday, May 19, 2008

Quick Overview

  • The Conference Board's index of leading indicators rose 0.1% in April.

  • Construction output in the Euro zone fell 2.2% in March and down 1.4% YoY.

  • Data Quick said home sales in southern California rose 22% in April.

  • The USDA said:
    73% of the corn crop was planted, down from its five-year average of 88%.
    27% of the soybean crop was planted, down from its five-year average of 47%.
    94% of the spring wheat crop was planted.
    45% of the winter wheat crop was rated good to excellent, down from 47% a week ago.
    49% of the cotton crop was planted, down from its five-year average of 59%.

  • The cost of scanning 100% of inbound containers to prevent terrorists smuggling into the U.S. has been estimated at more than US$500 per unit.

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