Quick Overview

• Japan's machinery orders fell 3.7% in January.
  
  

• YoY China's exports rose 46% in February and imports rose 45%.
  
  

• The USDA's 2009-2010 U.S. ending stocks estimate of:
  Corn was raised from 1.719 to 1.799 billion bushels.
  Soybeans were lowered from 210 to 190 million bushels.
  Wheat was raised from .981 to 1.001 billion bushels.
  Sugar was raised from 1.055 to 1.075 million tons.
  Cotton was lowered from 3.3 to 3.2 million bales.
  
  

• The USDA's 2009-2010 world ending stocks estimate of:
  Corn was raised from 134 to 140 million tons.
  Soybeans were raised from 60 to 61 million tons.
  Wheat was raised from 196 to 197 million tons.
  Cotton was lowered from 52 to 51 million bales.
  
  OJ was raised from 129 to 131 million boxes, but yield was lowered from 1.56 to 1.53 gallons per box