Quick Overview

• The Association of Realtors said existing home sales rose 11.4% in Q3 and up 5.9% YoY.

• China's Industrial Production rose 16.1% YoY
  

• USDA's 2009-2010 U.S. ending stocks estimate of:
  Corn was lowered from 1.672 to 1.625 billion bushels. (46 day supply)
  Soybeans were raised from 230 to 270 million bushels.
  Wheat was raised from 864 to 885 million bushels. (145 day supply)
  Sugar was raised from 836,000 to 1,016,000 tons.
  Cotton was lowered from 5.40 to 4.90 million bales.
  
  
  

• The USDA's 2009-2010 world ending stocks estimate of:
  Corn was lowered from 136 to 132 million tons. (60 day supply)
  Soybeans were raised from 55 to 57 million tons.
  Wheat was raised from 187 to 188 million tons.
  Cotton was reduced from 56 to 54 million bales.
  
  

• The USDA expects beef production to be down 3% in 2009 and down 1% in 2010.
  

• The USDA expects pork production to be down 1% in 2009 and down 3% in 2010..

• China's refined sugar production in October fell 17%. For the January-October period refined sugar output fell 13% YoY.