Thursday, September 17, 2009

Quick Overview

  • U.S. housing starts rose 1.5% from July's pace

  • U.S. jobless claims fell 12,000 last week to 545,000

  • The Philadelphia Federal Reserve's regional index of manufacturing rose from 4.2 to 14.1

  • Construction output in the EU fell 1.1% MoM and 11.1% YoY

  • FedEx's CEO said he sees "encouraging signs" that the recession has ended

  • University of Illinois economists project net farm operator returns for 2009 at minus $8 per acre for corn and minus $15 per acre for soybeans, the first negative returns for the decades beginning 1990 and 2000.

  • Maersk Line has announced a rate increases on its eastern Mediterranean and Black Sea services to west Africa of US$200 per TEU and $360 per FEU for both dry and reefer containers from October 1.

  • Informa estimates 2010-11 US Winter Wheat area At 41.6M acres, down from 43.4 million in 2009-10

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