Sunday, July 17, 2011

Quick Overview

  • In case you missed it --- Obama eliminates Elisabeth Warren as director of the new Consumer Financial Protection Bureau

  • U.S. consumer sentiment fell to 63.8 in early July, reaching the lowest level since March of 2009, from 71.5 in June.

  • U.S. wholesale prices fall 0.4% in June

  • Unica, Brazils cane industry association, lowered its forecast for sugar output from the key centre-south region from an original estimate of 34.6m tonnes to just 32.4m tonnes now – down 3.3 % YoYr and the first drop in Brazilian production in more than five years.

  • CME will be delisting frozen pork bellies futures and options” effective Monday 7/17/2011.( Rest in peace PB, you’ll be remembered fondly for some excellent trades over the last 40 years).

  • July 2011 Chicago temperatures 13th warmest of past 141 years.

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