Friday, September 11, 2009

Quick Overview

  • U.S. wholesale sales rose 0.5% in July

  • U.S. Inventories fell 1.4% in July

  • The University of Michigan's index of consumer sentiment rose from 65.7 to 70.2 in September

  • YoY China's industrial Production rose 12.3%

  • YoY India’s industrial production rose 6.8%.

  • The USDA's 2009-2010 U.S. ending stocks estimate for:
    Corn was raised from 1.621 to 1.635 billion bushels.
    Soybeans were raised from 210 to 220 million bushels.
    Wheat unchanged at 743 million bushels.
    Sugar was raised from 709,000 to 844,000 tons.
    Cotton unchanged at 5.6 million bales.

  • The USDA's 2009-2010 world ending stocks estimate for:
    Corn was lowered from 141 to 139 million tons.
    Soybeans were raised from 50.3 to 50.5 million tons.
    Wheat was raised from 184 to 187 million tons.
    Cotton was reduced from 57 to 56 million tons.

  • The USDA lowered the estimate of China's 2009-2010 corn crop from 162.5 to 160.0 million tons because of draught






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