- The Institute of Supply Managements' index of services rose from 48.7 to 50.1 in December.
- As of Jan 1st Russia barred poultry imports from the U.S. -- they object to the use of chlorine in processing.
- The U.S. Department of Energy said:
Supplies of crude oil rose 1.3 million barrels last week to 327.3 million barrels.
Supplies of gasoline rose up 3.7 million barrels
Supplies of heating oil fell 1.3 million barrels
Refinery use fell from 80.3% to 79.9% of capacity last week.
Gasoline demand rose 0.3% YoY
Distillate demand fell 1.0% YoY.
- EU industrial new orders fell 1.6% MoM and down 14.1% YoY.
- Services in the U.K. rose from 56.6 to 56.8 in December.
- YoY Brazil’s ethanol exports in December fell to 124.3 million liters from 348.5 million liters.
- Brazil’s soybean exports fell to 203,100 metric tons in December 2009 from 750,400 tons in December 2008
- The Nikkei is making a new high for the move.
- DB Commodity Index is making a new high for the move.
- (FT) The US slapped additional duties of 43 to 289 per cent on imports of more than $300m worth of a steel product from China, the US Commerce Department said
- (WJ) China took over the mantle of the world's top merchandise exporter from Germany in 2009.
- Rain has freed some areas of Argentina from drought, but left others with "severe flooding", Oil World says, warning of a disease threat in Brazil -- the crop is jeopardized by the Asian rust fungus which has spread at an alarming rate..
- Informa Economics raised its estimated 2009 corn production in China and Argentina. The firm pegged China's corn crop at 160 million metric tons, up 5 million tons from its December estimate. Argentina's 2009 production was pegged at 15.5 million metric tons, up 2.5 million tons from the previous month.
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