- Monetary contraction by the EU has set off a fresh spasm of the Eurozone bond crisis
- U.S. first-time jobless claims rise by 26,000
- The USDA estimates:
- US wheat ending stock at 843 million bushels vs 818 last month
- US corn ending stocks at 675 million bushels, unchanged from last month. World ending stocks at 123.1 MMT
- US soy carryout at 140 million bushels. World ending stocks 58.33 MMT.
The USDA increased its forecast for Florida's 2010-11 orange crop by four million 90-lb. boxes to 142 million boxes. Each box yields 1.57 gallons.
- Moody's lowered Spain's bond ratings to Aa2 from Aa1
- China posts $7.3 billion trade deficit in Feb.
- (Dow Jones)--China is likely to re-enter the copper market as a more significant buyer of the metal in the second quarter, at a time when global supplies are forecast to be in a deficit of 500,000-600,000 metric tons.
- The Bank of England has held rates at 0.5% for the 25th month in a row, despite inflation running at 4% - double the target rate.
- U.S. foreclosure filings dropped to a 3-year low in February.
- Reports of Saudi police firing on protesters added a new worry.
- Starbucks (SBUX) is trading at an all time high.
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