Friday, September 25, 2009

Quick Overview

  • (WSJ) The G-20 is near an agreement that would require members to submit economic policies to a type of "peer review." The group also will announce that the G-20 will eclipse the G-8.

  • U.S. durable goods orders fell 2.4% in August.

  • U.S. home sales were at an annual rate of 429,000 in August, up 0.7% from July's pace.

  • The University of Michigan's consumer sentiment index rose from 65.7 to 73.5 in September .

  • The USDA said beef production totaled 2.18 billion pounds in August, down 4% YoY.

  • The USDA said Pork production totaled 1.87 billion pounds in August, up 4% YoY .

  • The global sugar deficit in the year starting October 1 may be 8.3 million tons, compared with a June estimate of 5.1 million tons, Switzerland-based sugar broker Kingsman SA said.

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