Tuesday, May 17, 2011

Quick Overview

  • U.S. Housing starts have dropped 10.6% to an annual rate of 523,000 in April

  • Soros said his hedge fund dumped nearly all of its gold holdings.

  • Map of the world, resized by each country's relative water resources.

  • Ukraine may cancel quotas on the exports of wheat in 2010/2011 marketing year, stated Nikolay Azarov, Prime Minister of Ukraine.

  • Iron ore shipments from Australia's Port Hedland, one of the world's largest export terminals, fell to 15.88 million tonnes in April from 17.78 million tonnes in March

  • Oil producers need to boost capacity by 45 million barrels a day, or almost half current output, over the next 20 years to meet demand and offset field declines, said the president of Society of Petroleum Engineers.

  • The current weather forecasts suggest that 20 million acres of corn or more will have to be seeded in June.

  • Watermelons are exploding in China after farmers overdid it with growth chemicals

  • New highs for PG and DPS
  • Jim Rogers Commodities: We Have Virtually No New Supply Of Anything

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