Thursday, September 24, 2009

Quick Overview

  • U.S. jobless claims fell 21,000 last week to 530,000

  • U.S. existing home sales (5.10 million units) fell 2.7% MoM.

  • U.S. inventory of homes represents an 8.5 month supply at the current sales pace.

  • India will extend authorization to import duty-free white sugar until the middle of next year to fill the supply gap.

  • Brazil's center-south 2009/10 sugar output should fall 600,000 tonnes from July's estimate as excess rains have reduced expected cane yields, Job Economia analysts said Wednesday.

  • Brazil's 2009-10 center-south sugar cane crush is projected at 529.5 millionmetric tons, down from an April estimate of 550 million tons, the SugarcaneIndustries Association, or Unica, said Thursday.

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