- U.S. payrolls expanded by 297,000 in December as companies boosted payrolls by the most since records began in 2001.
- Record high food prices and the likelihood of further increases in the year ahead are raising the specter of a repeat of the food riots that broke out in 2007-08, a senior economist at the United Nation's Food and Agriculture Organization said Wednesday.
- U.S. crude oil inventories fell 4.16 million barrels to 335.3 million last week.
- China's 2010 corn output is estimated at 172 million metric tons, down 940,000 tons from the previous estimate.
- The US Department of Agriculture's Buenos Aires bureau lowered its estimate of Argentine corn production by 1.0m tonnes.
- the ISM index rose to 57.1% in December
- (Bloomberg) -- The Pentagon underestimated the speed at which China has developed and fielded a ballistic missile that may be capable of hitting a maneuvering U.S. aircraft carrier, the head of Navy intelligence said today.
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