Quick Overview

• The U.S. Congress passed and sent to Bush a $168 billion economic stimulus package.
  
  

• Canada’s unemployment rate improved from 6.0% to 5.8%
  

• The USDA's estimate of 2007-2008 U.S. ending stocks of:
  Corn unchanged at 1.438 billion bushels.
  Soybeans were lowered from 175 to 160 million bushels.
  Wheat was lowered from 292 to 272 million bushels.
  Sugar was raised from 2.006 to 2.029 million tons.
  Cotton was raised from 7.90 to 8.20 million bales.
  

• The USDA's estimate of 2007-2008 world ending stocks of:
  Corn was raised from 101.3 to 101.9 million tons.
  Soybeans were lowered from 46.2 to 45.8 million tons.
  Wheat was lowered from 110.9 to 109.7 million tons.
  Cotton was raised from 54.75 to 57.33 million bales.
  
  

• The USDA lowered its estimate of the 2007-2008 Florida orange crop from 168 to 166 million boxes, but increased its estimate of the juice yield from 1.60 to 1.62 gallons per box
  
  

• There are rumors that Brazil may start buying US wheat as soon as April.