Quick Overview

• U.S. producer price index rose 0.3% MoM, but fell 1.9% YoY
  

• U.S. Industrial production rose 0.1% in October.
  

• YoY U.K. consumer prices rose 1.5%
  

• EU exports rose 17% MoM, but fell 19% YoY

• Rumours of findings of significant fungal contamination in the US corn crop lifts the price of other livestock feeds, including soymeal and rapeseed.
  

• Argentina’s persistent drought has caused Oil World to lower their Soy production estimate by 2 MMT, now pegging 2009/10 output at 48 MMT, 5 MMT below the USDA's estimate.