Monday, January 25, 2010

Quick Overview

  • The Dallas Fed regional index of manufacturing rose from 3.2 to 8.3

  • (Bloomberg) -- Copper may rise to a record $10,000 a metric ton this year, driven by industrial demand in China and rising commodity investments to hedge inflation, said Shen Haihua, an investment manager at HFZ Capital Management Ltd.

  • Canada’s lumber production fell 14% YoY.

  • (FT) China has experienced the strongest growth in scientific research over the past three decades of any country.

  • Sugar rose above 30 cents a pound in intraday trading on news that Indonesia is expecting a 530,976-metric-ton production shortfall at the end of April.
  • Indonesia's state plantation company PT Perkebunan Nusantara IX has bought 46,000 metric tons of white sugar at $822/ton -- to arrive no later than April 7.

  • More than half a million hectares of Philippine rice lands are threatened by an El Nino-induced dry spell, the Philippine Department of Agriculture said Tuesday. Drier-than-usual conditions have already been noted in some areas, and based on assessment by the department

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