- Google climbed premarket as China renewed its Internet license.
- The USDA's U.S. 2010-2011 ending stocks estimate for:
Corn was lowered from 1.573 to 1.373 billion bushels.
Soybeans were kept at 360 million bushels.
Wheat was raised from .991 to 1.093 billion bushels.
Sugar was raised from 764,000 to 952,000 tons.
Cotton was raised from 2.80 to 3.50 million bales.
- The USDA's world 2010-2011 ending stocks estimate for:
Corn was lowered from 147 to 141 million tons. Versus the average analyst estimate of 1.404 billion bushels and the June estimate of 1.603 billion bushels.
Soybeans were raised from 67 to 68 million tons.
Wheat was lowered from 194 to 187 million tons.
Cotton was raised slightly from 49.6 to 49.9 million bales.
It estimates the 2009-2010 OJ crop unchanged at 134 million boxes -- juice yield was raised from 1.55 to 1.56 gallons
- Korea lifted its key policy rate by 25 basis points to 2.25%, its first tightening since August 2008
- (Reuters) - Thailand, the world's No. 2 sugar exporter, will tender to buy sugar for the first time next week in a bid to tackle a domestic shortage.
The tender on Tuesday will be for the purchase of 100,000 tonnes of white sugar with options of three delivery periods.
Although Thailand's output typically exceeds consumption by around 4-5 million tonnes, some dealers said many trade houses had committed export sales before the new crop in November .
- India may export at least 1 million metric tons in the year starting Oct. 1, as domestic production jumps 34 percent, said Shree Renuka Sugars Ltd., the country’s biggest refiner.