Wednesday, August 12, 2009

Quick Overview

  • The Fed kept funds rate unchanged at 0.125%

  • U.S. Exports rose $2.4 billion in June while imports rose $3.5 billion. Resulting in a trade deficit of $27.0 billion.

  • U.K.'s unemployment out at 7.8% up from 7.1%

  • Industrial production in the EU fell 0.2% MoM and 15.6% YoY.

  • The Bloomberg Professional Global Confidence Index jumped to 58.12 this month from 39.13 in July.

  • Cocoa exports from Nigeria, the world’s fourth-biggest producer of the commodity, fell 22% in June, the Lagos-based Federal Produce Inspection Service said.

  • Arrivals of cocoa beans from the Ivory Coast for the first 45 weeks of the 2008-09 season, are down by 14% YoY

  • MoM U.S. cocoa bean imports rose 56.3% in June, and 330.8% YoY, the Commerce Department reported Wednesday.

  • The USDA's 2009-2010 U.S. ending stocks estimate for:
  • Corn was raised from 1.550 to 1.621 billion bushels.
  • Soybeans lowered from 250 to 210 million bushels.
  • Wheat was raised from 706 to 743 million bushels.
  • Sugar was reaised from 359,000 to 709,000 tons.
  • Cotton unchanged at 5.60 million bales.

  • The USDA's 2009-2010 world ending stocks estimate for:
  • Corn was raised from 139 to 141 million tons.
  • Soybeans lowered from 52 to 50 million tons.
  • Wheat was raised from 181 to 184 million tons.
  • Cotton was lowered from 58 to 57 million bales.

  • China buys another 4.2 mln bu of new-crop beans this AM

  • The median price of an existing U.S. single-family home fell to $174,100, the National Association of Realtors said today. Total sales rose 3.8% QoQ and fell 2.9% YoY.

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