Tuesday, February 01, 2011

Quick Overview

  • The ISM factory index rose to 60.8 exceeding the most optimistic forecasts.

  • GM January U.S. sales rose 21.8%
  • Ford sales rose 13.3% rise in January.
  • Chrysler U.S. sales rose 23% in January

  • U.S construction spending fell 2.5% in December.

  • A politician in Germany has been sentenced to pay a fine of 1,500 Euros or spend 50 days in jail because he allegedly called Thilo Sarrazin, the author of an incendiary book about Muslim immigrants, an "ass."

  • New 30-month high for soybeans, corn and rice.
  • New high for copper.
  • New high for sugar (July)

  • Arlan Suderman soybean comments: This year's domestic stocks are estimated to be just 140 million bushels or a 15-day supply; the tightest of the past 40 years.

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