Thursday, April 26, 2007

Quick Overview

  • U.S. Jobless claims were down 20,000 last week to 321,000, the lowest in a month.

  • The U.S. DOE said that underground supplies of natural gas were up 18 billion cubic at 1.564 trillion cubic feet.


  • The International Grain Council estimates world wheat production for the 2007/2008 season at 623 million tonnes, down 1 million from last month because of freeze damage in the US. World ending stocks are anticipated to rise to 117 million tonnes which would be up 2 million from this year but still down from 134 million tonnes last year.

  • The yen traded near a record low against the Euro before a Japanese government report forecast to show consumer prices fell in March for a second straight month.

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