- U.S. housing starts fell 14.2% MoM. YoY, housing starts are down 25%.
- The Philadelphia Federal Reserve's index of manufacturing fell from -1.6 to -20.9, the lowest in six years.
- Australia's unemployment rate improved from 4.5% to 4.3% in December.
- The U.S. Department of Energy said that underground supplies of natural gas were down 59 billion cubic feet last week to 2.691 trillion cubic feet. Supplies are down 9% YoY
- A climatologist at Iowa State University is warning that "La Nina conditions are now posing a significant risk to U.S. corn production in 2008."
- The WSJ reports that Global oil fielda output is declining at a rate of about 4.5% a year. But new projects in the works could make up for the decline.
- (Interfax) according to China customs, China imported 30.8 million tons of soybeans in 2007, up 9% YoY.
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