Monday, May 09, 2011

Quick Overview

  • S & P has again cut Greece’s credit rating, downgrading it by two notches to B.

  • Apple’s products are great and its earnings are soaring, so it’s not unreasonable to think the company is worth $2 trillion, writes James Altucher -- Really?

  • Brazil rapeseed production to rise to 70k tonnes, up 65% YoY.

  • Forecaster WeatherEdge Ltd. warned that France and Germany may have lost 15-20% of their wheat crops due to weeks of persistent dryness across the north of the countries.

  • Arlan Suderman: Abandonment is the key for U.S. winter wheat; Prev yrs w similar crop ratings saw 25 to 30% abandonment

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