Thursday, August 11, 2011

Quick Overview

  • (Bloomberg) Insiders buying stocks are at the Highest Rate since 2009.

  • The USDA projected 2011 U.S. soybean yields at 41.4 bushels per acre, 2 bushels below last month's yield projection. The first survey-based forecast of U.S. soybean production is 3.056 billion bushels, 169 million below the July projection, and 273 million below last year's crop.

  • The USDA's Corn yield projection of 153 bushels per acre was down sharply from a July estimate of 158.7. The USDA estimates new-crop ending stocks at 714 million bushels, or a 19.8 day supply.

  • First time claims for U.S. unemployment benefits fell by 7,000 in the week ending August 6 to 395,000.

  • European regulator announces bans on short selling in France, Italy, Spain and Belgium

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