Thursday, August 05, 2010

Quick Overview

  • Wheat prices go limit up in Chicago after  Vladimir Putin announces a ban on grain exports from drought-stricken Russia. Ukraine cancels contracts.(Where are all the "burdensome stocks" now?)  
  • 589 separate blazes were burning throughout Russia
  • WILL THE FSU NEED TO IMPORT GRAIN?
  • (Bloomberg) A 45,000-metric-ton wheat shipment to the Philippines from Russia or Ukraine was canceled, according to two grain traders who track inbound cargoes.
  • Americans applying for initial unemployment benefits climbed by 19,000 to 479,000 in the latest week.
  • Germany’s Industrial orders rose 3.2% in June
  • Mohamed El-Erian, the head the world's largest bond fund, has said the United States faces a one in four chance of suffering deflation and a double-dip recession.

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