Friday, October 20, 2006

Quick Overview

  • YoY Canada's consumer prices were up 0.7%

  • GDP in the U.K. was up 0.7% in the third quarter and up 2.8% YoY

  • OPEC late yesterday announced that it reached an agreement to cut production by 1.2 mln barrels a day starting on November 1st .

  • Virginia became the 15th U.S. state with Asian rust in its soybean fields. Asian rust may impact spring plating decisions for soybeans .

  • The USDA said there were 11.385 million head of cattle on feed, up 8.6% YoY.

  • The USDA said there were 464 million pounds of frozen pork in storage, up 7.5% YoY. Frozen bellies in storage were 10.25 million pounds, down 27% YoY.

  • The USDA said there were 779 million pounds of frozen orange juice concentrate in storage down 37% YoY.


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