- The International Grains Council estimates 2010-11 record-high world rice production, up 2.8% YoY.
- IGC says world wheat stocks for 2010-11 are higher at 185 million metric tons.
- IGC 2010-11 world corn production was dropped 1.0 million metric tons, with losses in the U.S. and Argentina.
- (Dow Jones)--Brazil's 2010-11 soy crop may reach a record after recent rains in Rio Grande do Sul state, according to an analyst at Informa Economics FNP.
- Erik Prince, no longer with Blackwater or its successor organisation, is involved in a multimillion-dollar programme financed by several Arab countries, including the United Arab Emirates, to deploy forces to suppress pirates at their shore bases, reports AP.
- China exported 1,575 tons of silver last year, down 58% YoY.
- Platinum imports by China rose 40% in 2010.
- Informa U.S. acreage estimates for 2011:
- Corn=90.9 million up from Dec. estimate of 90.76.
- Soybeans=76.65 million down from Dec. estimate 77.57.
- Wheat=40.99 million up from 39.502 in Dec.
- Cotton=13.34 million up from 294,000 in Dec.
- Spot Sugar Prices 36.25 Up 1.16
- GE’s fourth-quarter earnings rose 51%
- Soybean oil is supported by ongoing concerns about heavy rains hurting palm oil output in Indonesia and Malaysia, the world's top two producers.
Speaker Boehner has declined -- once again -- to attend a state dinner, this time with Chinese president Hu Jintao
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