Monday, August 08, 2005

Quick Overview

  • For the first national stoppage in 18 years some 100,000 South African gold miners are on strike, for the second day, and vowing to stay away from the mines until a deal is reached.

  • Today’s USDA's good to excellent rating for:
    Corn was 52%, down from 53% a week ago.
    Soybeans were 51%, down from 54% a week ago.
    Spring wheat was 67%, down from 68% a week ago.
    Cotton was 61%, the same as a week ago.

  • The average price of U.S. retail diesel rose 5.9 cents to $2.407 a gallon, just 0.1 cent behind the all-time record set July 11, and gasoline prices surged to a record high, the Department of Energy reported Monday.

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