Quick Overview
- Steve Freed analyst with ADM is expecting a bullish Jan. corn report saying that yield should be cut 1.5 bushels an acre = tight carryout.
- Reuters: The La Nina weather phenomenon is expected to reduce rainfall in Argentina main crop belt until at least mid January.
- Inventories at U.S. businesses rose 0.8% in October
- U.S. retail sales rose 0.2% for November
- German investor confidence showed a surprise rise of 1.4 points.
- The International Coffee Organization raised by 1.2m bags to 128.6m bags its forecast for world coffee production in 2011-12.
- MF Global, Enron, Arthur Anderson, Refco, Lehman, Countrywide, Bear Stearns, Madoff, Health South, Subprime etc. etc. Regulators get paid for what exactly?
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