Friday, February 15, 2008

Quick Overview

  • U.S. industrial production rose 0.1%

  • U.S. consumer sentiment fell from 78.4 to 69.6

  • Reuters said lack of rain in the Ivory Coast for the last couple of months may delay this year's mid-crop cocoa harvest

  • Argentina extended restrictions (again) on exports of wheat in an attempt to provide for domestic supply. The U.S. banking and food industry would like Washington to follow suit.

  • Because of weather problems, sugar output in Chinas Guangxi region, the country's largest producer, may drop 1 million tons from the original 8 million-ton forecast.

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