Rice Outlook
USDA Rice Outlook Report
USDA Rice Outlook Report
Break News – Housing Starts
Markets closed mixed on the first day post Greek elections. Since the bailout party appears to be able to form a government markets are now looking to next shoe to drop as the Spain debt yield has moved to 7% during today’s bond action.
Breaking News – FedEx Announces First Quarter Earnings
Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month’s forecast at 210 million.
Projected U.S. wheat supplies for 2012/13 are lowered 51 million bushels with reduced carryin and lower forecast winter wheat production. Beginning stocks are lowered 40 million bushels with a 10-million-bushel increase in food use and a 30-million-bushel increase in exports for 2011/12.
Breaking News India’s interest rate decision
U.S. markets are poised for a higher open with S&P 500 fair value 5.1501 and the Dow fair value 51.09 on rumors
Breaking News out from the New York Fed
Breaking News – Dell Announces Dividend
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