Quick Overview

• U.S. GDP rose 0.2% QoQ and 2.2% YoY -- less than expected
  

• Japan's factory production fell 2% in January
  

• Germany's unemployment rate improved from 8.7% to 8.6%.
  

• South Korea’s current account deficit widened to $2.03 billion in January, the biggest deficit in almost 11 years
  

• The International Grain Council estimates 2008/2009 world wheat production at 646 million tonnes, compared with 603.6 last year.
  

• CALPERS, may increase its commodities investments 16-fold to $7.2 billion through 2010.
  

• MF Global exposed a $141.5 million loss from unauthorized trades in wheat by one of its reps.