Wednesday, September 30, 2009

Quick Overview

  • U.S. GDP fell 0.2% QoQ and down 3.8% YoY.

  • The Chicago Purchasing Managers' index fell from 50.0 to 46.1

  • ADP said the U.S. lost 254,000 private-sector jobs in September

  • Canada’s GDP was unchanged in July and down 4.6% YoY

  • Industrial output in Japan rose 1.8% in August

  • Germany's unemployment rate improved from 8.3% to 8.2% in September.

  • The USDA estimated U.S. soybean stocks at 138 million bushels, vs. 111 million expected.

  • The USDA pegged U.S. corn stocks at 1.674 billion bushels vs. 1.719 billion expected

  • The USDA estimates wheat stocks at 2.215 billion bushels compared to the average analyst’s estimate of 2.132 billion bushels.

  • The U.S. Department of Energy said:
    Supplies of crude oil rose 2.8 million barrels last week to 338.4 million barrels.
    Supplies of gasoline fell 1.6 million barrels
    Supplies of heating oil rose 400,000 barrels
    Refinery use fell from 85.6% to 84.6%
    Gasoline demand rose 5.4% YoY
    Distillate demand fell 9.2% YoY.

  • Barclays Capital expects world Sugar use to outpace production by 8.1 million tons in 2009-2010

  • (Bloomberg) -- India’s monsoon rainfall, the main source of irrigation for the country’s 235 million farmers, is the weakest in more than three decades, threatening farm output in the world’s second-biggest producer of rice, wheat and sugar

  • Yum Brands Inc.'s (YUM) board approved an 11% dividend increase andauthorized $300 million of share repurchase.


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