Monday, August 24, 2009

Quick Overview

  • Industrial new orders in the EU fell 0.4% MoM and down 24% YoY

  • Canada’s retail sales rose 1.0% MoM.

  • The USDA said there were 9.644 million head of cattle on feed as of August 1st, down 2.3% YoY

  • China's sugar imports in July rose to 132,982 metric tons from 21,910 tons last July.


  • China's wheat imports in July up sharply at 85,078 tons versus 373 tons a year ago.

  • China imported 160 mln bu of soybeans in July; up 25% YoY.

  • The drought situation in China's northeast appears to be worsening.

  • (TET) The rice yield growth in India at current rate is estimated at 1.18% and needs to be accelerated at 1.75% consistently for a decade, otherwise at 1.18% growth rate, India’s rice production would reach at levels of 108 million tons by 2020 against its projected requirement of 118 million tones.

  • Last month, which should have been the height of Mexico’s rainy season, was the second-driest July in at least 68 years, according to the National Water Commission, or Conagua.

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