Quick Overview

• U.S. jobless claims fell 24,000 last week to 456,000,
  

• U.S. Producer price index rose 0.7% MoM and up 6.0% YoY
  

• U.S. Existing home sales rose 6.8%.
  

• Canada’s leading indicators rose 1.0% in March
  

• Manufacturing and services in the Euro area rose from 55.9 to 57.3
  

• YoY U.K. Retail sales rose 2.2% in March.
  

• The International Grains Council (IGC) sees wheat carryout at the end of 2010/11 at a nine year high of 199 MMT. The increase, despite lower production and higher usage, is due to the 30 MMT increase in opening stocks left over from bumper production in 2008/09.
  Corn ending stocks on the other hand are seen falling from 148 MMt to 140 MMT at the end of 2010/11.

• China's copper imports rose by 53% in March

• Greek debt fears continue to shake world markets