Thursday, September 30, 2010

Quick Overview

  • U.S. claims for unemployment benefits fell by 16,000 in the week ending September 25 to 453,000.

  • Soybean inventories on Sept. 1 totaled 151 million bushels, up from 150 million estimated on Sept. 10 and the 138 million bushels on hand a year earlier, the USDA said.

  • Corn stockpiles on Sept. 1 totaled 1.708 billion bushels, up from 1.673 billion a year earlier Corn usage in the three months ended Aug. 31 was 2.6 billion bushels, up from 2.59 billion a year earlier, the USDA said.

  • US GDP rose 3.7% in Q2.

  • Trade between South Korea and Russia has recorded an over 50-fold jump since the two countries established diplomatic relations 20 years ago

  • the Institute for Supply Management said its business barometer climbed to 60.4 in September.

  • India’s sugar surplus may increase by as much as 50 percent in the year starting Oct. 1, the National Federation of Cooperative Sugar Factories Ltd. said yesterday.

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