Thursday, February 21, 2008

Quick Overview

  • The Philadelphia Fed's regional index of manufacturing fell from -20.9 to -24.0

  • The Conference Board's index of leading indicators fell 0.1% in December

  • U.K.'s retail sales volume rose 0.8% in January,

  • The USDA said that its 2008 preliminary planting estimate for:
    Corn is 90 million acres, down 4% from the previous year.
    Soybeans are 71 million acres, up 12% from the previous year.
    Wheat is 64 million acres, up 6% from the previous year.
    Cotton is 9.5 million acres, down 12% from the previous year.

  • The U.S. DoE said:
    Supplies of crude oil rose 4.2 million barrels to 305.3 million barrels.
    Supplies of gasoline rose 1.1 million barrels
    Supplies of heating oil fell 1.5 million barrels.
    Refinery use fell from 85.1% to 83.5%
    Gasoline demand rose 0.5%
    Distillate demand fell 1.9%
    Supplies of natural gas fell 172 billion cubic feet to 1.770 trillion cubic feet.

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