Monday, June 30, 2008

Quick Overview

  • The Chicago Purchasing Managers' index rose from 49.1% to 49.6% in June

  • Canada GDP rose 0.4% in April and up 1.2% YoY

  • The USDA estimated:
    87.33 million acres of corn were planted, down 7% YoY.
    74.53 million acres of soybeans were planted, up 17% YoY.
    63.46 million acres of wheat were planted, up 5% YoY.
    9.25 million acres of cotton were planted, down 15% YoY.

  • USDA quarterly grain stocks report:
    4.03 billion bushels of corn, up 14% YoY.
    676 million bushels of soybeans, down 38% YoY.
    306 million bushels of wheat, down 33% YoY.



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