WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more
Tag Archives: economic reports
Futures new – Housing Starts Lowest Since 2009
WASHINGTON, Jan 19 (Reuters) – Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery. U.S. housing starts dropped to an annual rate of 529,000 units, the Commerce Department said on Wednesday, down from November’s 553,000 and well below… read more
Consumer Price Index Jumps on Costlier Gas
WASHINGTON (AP) — Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation. The Labor Department says the Consumer Price Index rose 0.5 percent in December, the largest increase in 18 months. About 80 percent of the increase was due… read more
Energy and Food costs drive U.S. Producer Price higher.
WASHINGTON, Jan 13 (Reuters) – U.S. producer prices rose more than expected in December as energy and food costs surged while underlying inflation remained subdued, highlighting a divergence that complicates the outlook for monetary policy. Prices at the wholesale level climbed 1.1 percent after a 0.8 percent rise in November, the Labor Department said on Thursday. Economists had been… read more
U.S. Jobless claims jump most in 6-months!
The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday. KEY POINTS: * The number of Americans filing for first-time unemployment benefits rose to 445,000 from an upwardly revised reading of 410,000 in the prior week, the Labor Department said. * It was the… read more
Grain Stocks and Production Report / Futures Broker
01/12 07:37 CST UPDATE 1-US slashes soy, corn stocks below expectation 1-12-2011 08:37 UPDATE 1-US slashes soy, corn stocks below expectatio * US soy end stocks 140 mln, 10 pct below est * US corn end stocks 745 mln, 4 pct below est * US Dec 1 soy stocks 2.277 bln, 3 pct below est… read more
Unemployment 9.4% – Nonfarm payrolls rise 103,000 in December
* Nonfarm payrolls rise 103,000 in December * Private employment gains 113,000 * Unemployment rate falls to 9.4 pct from 9.8 pct * Average work week unchanged at 34.3 hrs By Lucia Mutikani WASHINGTON, Jan 7 (Reuters) – The U.S. economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset… read more
Futures news – U.S. Construction spending a 5-month high in November.
WASHINGTON, Jan 3 (Reuters) – U.S. construction spending rose more than expected in November to touch its highest level in five months, a government report showed on Monday, afurther sign that the economic recovery was gaining momentum. The Commerce Department said construction spending increased 0.4 percent to an annual rate of $810.2 billion, the highest… read more
Futures news – U.S. Crude oil stocks down again this week.
NEW YORK, Dec 30 (Reuters) – U.S. crude oil inventories fell less than expected last week as refinery utilization rose, according to a weekly report from the Energy Information Administration on Thursday. Domestic crude stocks dropped by 1.26 million barrels to 339.43 million barrels in the week to Dec. 24, the report showed, against expectations… read more
Futures news – Initial Jobless claims drop 34,000 last week
WASHINGTON, Dec 30 (Reuters) – New U.S. claims for jobless said hit their lowest level in more than two years last week and factory activity in the Midwest grew in December at its fastpace since 1988, evidence the recovery was gaining steam. Views economic activity accelerated in the fourth quarter were hardened by another report… read more