Monday, March 07, 2011

Quick Overview

  • (Bloomberg) -- China should use economic and administrative measures to curb the production and exports of corn-based products including starch and alcohol, to guarantee supply to livestock and poultry.


  • China will boost its meat and sugar reserves and expand the scope of commodities reserves, the Ministry of Commerce said.


  • Saudis mobilize thousands of troops to quell growing revolt.


  • (Bloomberg) -- Global harvests of corn and wheat may fall short of demand again if the La Nina weather event persists through July, tightening global grain supplies, according to forecaster Telvent DTN Inc.


  • (Bloomberg) -- Russia’s ban on grain exports means the country’s farmers will plant the fewest wheat fields in four years.


  • (FT) The US Mint has reported record sales of silver American Eagle coins in the past two months. Sales hit 9.7m ounces in January and February combined – more than was sold in an entire year in 2005.


  • The U.S unemployment rate fell to 8.9% in February, down from 9.0% the previous month.

  • Moody's downgraded Greece to B1 from Ba1, and kept its outlook negative.

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