(Reuters) - The Labor Department said the jobless rate ticked up to 4.5 percent from 4.4 percent in March, suggesting tight labor market conditions have finally begun to ease following tepid economic growth in the first three months of 2007.
The report is likely to give comfort to Federal Reserve policy-makers, who had been worried a low unemployment rate could fuel a rise in wages that could push inflation higher. The Fed's rate-setting policy committee meets next week.
Read more at Reuters.com Business News
Friday, May 4, 2007
Merck reacts to Brazil's AIDS patent move
(Reuters) - Brazil's move will discourage investment in the country, sending a "chilling signal to research-based companies about the attractiveness of undertaking risky research on diseases that affect the developing world," Merck said in a statement
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Oil Falls on Expectations of Adequate Supply to Meet Demand From Refiners
(Bloomberg) -- Crude oil fell on speculation that U.S. supplies are sufficient to meet demand from refiners making gasoline for the summer driving season.
Inventories rose 1.17 million barrels to 335.6 million last week, leaving stockpiles 4.8 percent above the five-year average for the period, the Energy Department said on May 2. Gasoline supplies have declined for 12 weeks, department figures show. The driving season begins with the Memorial Day holiday at the end of this month.
Read more at Bloomberg Energy News
Inventories rose 1.17 million barrels to 335.6 million last week, leaving stockpiles 4.8 percent above the five-year average for the period, the Energy Department said on May 2. Gasoline supplies have declined for 12 weeks, department figures show. The driving season begins with the Memorial Day holiday at the end of this month.
Read more at Bloomberg Energy News
Cambrex, Interactive Brokers, Trimble, BHP Billiton: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 11:40 a.m. New York time.
Shares that traded without the right to their latest dividend fell.
Read more at Bloomberg Stocks News
Shares that traded without the right to their latest dividend fell.
Read more at Bloomberg Stocks News
Housing slump may dent U.S. bank revenues -Moody's
(Reuters) - "With this, the long-anticipated turn in the credit cycle is finally evident, at least in relation to the consumer."
A credit cycle is a period of heavy lending, followed by retrenchment.
Read more at Reuters.com Bonds News
A credit cycle is a period of heavy lending, followed by retrenchment.
Read more at Reuters.com Bonds News
Dollar Falls to Within Cent of Record Low Versus Euro on Unemployment Data
(Bloomberg) -- The dollar fell to within a cent of the all-time low against the euro and dropped versus the yen after a government report showed U.S. employers added the fewest jobs in more than two years.
The U.S. currency also weakened to an eight-month low against the Canadian dollar and declined versus the pound and Swiss franc on speculation the Labor Department's data will increase the likelihood of a cut in borrowing costs by the Federal Reserve. Reports earlier this week showed pending home sales unexpectedly declined and inflation moderated in March.
Read more at Bloomberg Currencies News
The U.S. currency also weakened to an eight-month low against the Canadian dollar and declined versus the pound and Swiss franc on speculation the Labor Department's data will increase the likelihood of a cut in borrowing costs by the Federal Reserve. Reports earlier this week showed pending home sales unexpectedly declined and inflation moderated in March.
Read more at Bloomberg Currencies News
UPDATE 1-U.S. homeowners see steady home values-survey
(Reuters) - The Reuters/University of Michigan Surveys of Consumers showed the majority of homeowners did not plan to sell their homes anytime soon.
"The near zero change expected by the typical homeowner during the year ahead will restrain borrowing against their home equity," a statement accompanying the survey results said.
Read more at Reuters.com Bonds News
"The near zero change expected by the typical homeowner during the year ahead will restrain borrowing against their home equity," a statement accompanying the survey results said.
Read more at Reuters.com Bonds News
UBS Raises Euro Forecast to $1.40 by Year-End on Interest Rate Outlook
(Bloomberg) -- UBS AG, the world's second-biggest traders of foreign exchange, raised its forecast for the euro to $1.40 by the end of this year as it expects the European Central Bank to continue raising interest rates into next year.
The euro traded at $1.3593 by 2:30 p.m. in London. UBS previously predicted the single currency will trade at $1.35 by December. The revision was made on May 3.
Read more at Bloomberg Currencies News
The euro traded at $1.3593 by 2:30 p.m. in London. UBS previously predicted the single currency will trade at $1.35 by December. The revision was made on May 3.
Read more at Bloomberg Currencies News
Peru miners plan vote on nationwide strike Friday
(Reuters) - The National Federation of Metallurgic and Steel Miners called the walkout on Monday to demand better job benefits and improved conditions for contract workers.
Federation leader Luis Castillo told Reuters the group's member unions would start meeting on Friday morning to discuss the latest agreements reached with the government.
Read more at Reuters.com Bonds News
Federation leader Luis Castillo told Reuters the group's member unions would start meeting on Friday morning to discuss the latest agreements reached with the government.
Read more at Reuters.com Bonds News
UPDATE 2-Hovnanian sees bigger loss than previously thought
(Reuters) - The company said it expects to lose about 30 cents per share before certain land-related charges. It had earlier forecast a loss at 5 cents to 20 cents.
After the charges, the company expects a loss of 45 cents to 50 cents per share for the quarter, ended April 30.
Read more at Reuters.com Bonds News
After the charges, the company expects a loss of 45 cents to 50 cents per share for the quarter, ended April 30.
Read more at Reuters.com Bonds News
ALL, Embraer, Petroleo Brasileiro, Vale do Rio Doce: Brazil Equity Movers
(Bloomberg) -- Brazilian stocks rose for a third day, led by Petroleo Brasileiro SA, Brazil's state-controlled oil company.
The Bovespa index of the most-traded stocks on the Sao Paulo exchange rose 494.34, or 1 percent, to 50,712.56 at 9:24 a.m. in New York.
Read more at Bloomberg Stocks News
The Bovespa index of the most-traded stocks on the Sao Paulo exchange rose 494.34, or 1 percent, to 50,712.56 at 9:24 a.m. in New York.
Read more at Bloomberg Stocks News
Copper Futures Climb in New York on U.S. Economic Data, Peruvian Strike
(Bloomberg) -- Copper prices in New York headed for the biggest weekly gain in a month on signs of U.S. economic growth and concerns a miner strike in Peru, the world's third- largest producer of the metal, will curtain supplies.
Separate reports showed that factory orders and manufacturing activity were higher than forecast in the U.S., the world's second-largest consumer of the metal after China. Workers at almost of half of Peru's 70 mining unions joined a walkout that began April 30. Copper is up 30 percent this year on an expanding global economy and dwindling stockpiles.
Read more at Bloomberg Commodities News
Separate reports showed that factory orders and manufacturing activity were higher than forecast in the U.S., the world's second-largest consumer of the metal after China. Workers at almost of half of Peru's 70 mining unions joined a walkout that began April 30. Copper is up 30 percent this year on an expanding global economy and dwindling stockpiles.
Read more at Bloomberg Commodities News
WRAPUP 1-U.S. adds 88,000 jobs in April, jobless rate up
(Reuters) - The Labor Department's employment report, which included an expected gain in the unemployment rate to 4.5 percent from 4.4 percent in March, showed the labor market has decelerated as expected following tepid economic growth in the first three months of 2007.
The median forecast of Wall Street analysts put jobs up 100,000 last month. But a derivatives auction early on Friday showed market players were betting employers had added a trimmer 80,700 jobs and market response to the payrolls report was muted.
Read more at Reuters.com Economic News
The median forecast of Wall Street analysts put jobs up 100,000 last month. But a derivatives auction early on Friday showed market players were betting employers had added a trimmer 80,700 jobs and market response to the payrolls report was muted.
Read more at Reuters.com Economic News
S.Africa maize steams ahead on bright US outlook
(Reuters) - South African maize prices burst higher on Friday, breaking through several key levels as local traders anticipated further gains in Chicago in the coming week.
The main July white maize contract closed 2.62 percent up at 1,765 rand a tonne, bringing its gains over the past week to roughly 4 percent. But traders doubted whether prices could once again test record peaks scaled in March.
Read more at Reuters Africa
The main July white maize contract closed 2.62 percent up at 1,765 rand a tonne, bringing its gains over the past week to roughly 4 percent. But traders doubted whether prices could once again test record peaks scaled in March.
Read more at Reuters Africa
US RATE FUTURES-Turn flat after April jobs data
(Reuters) - The Labor Department said 88,000 nonfarm payroll jobs were created in April, somewhat below the median forecast of 100,000. April's jobless rate rose to 4.5 percent from 4.4 percent, as expected.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
UPDATE 1-C$ rise has helped Canada growth, inflation-Dodge
(Reuters) - Dodge made no comment on the most recent spurt in the Canadian currency or on the economic outlook but extolled the virtues of a floating exchange rate, which he says can help absorb shocks without costing jobs and output.
"In recent years, the demand for and the prices of Canadian commodity exports have been rising sharply. This has helped to create an economic boom, and investment flows into Canada have increased. Our floating dollar has appreciated sharply and thus has forced some necessary adjustments," he said.
Read more at Reuters.com Bonds News
"In recent years, the demand for and the prices of Canadian commodity exports have been rising sharply. This has helped to create an economic boom, and investment flows into Canada have increased. Our floating dollar has appreciated sharply and thus has forced some necessary adjustments," he said.
Read more at Reuters.com Bonds News
U.S. Treasuries Increase as Job Creation Is Less Than Forecast in April
(Bloomberg) -- U.S. Treasuries rose after a government report showed the economy created fewer jobs in April than economists forecast.
The Labor Department data bolstered the view that U.S. economic growth is slowing, led by declines in housing. Unemployment increased last month to 4.5 percent from 4.4 percent in March.
Read more at Bloomberg Bonds News
The Labor Department data bolstered the view that U.S. economic growth is slowing, led by declines in housing. Unemployment increased last month to 4.5 percent from 4.4 percent in March.
Read more at Bloomberg Bonds News
UPDATE 1-ISTA Pharma says FDA rejects eye treatment; shares fall
(Reuters) - ISTA's shares fell 19 percent in pre-market electronic trade to $7.80, after closing at $9.62 Thursday on the Nasdaq.
The U.S. Food and Drug Administration did not find sufficient clinical information to approve the drug, the company said, an assessment it disagrees with.
Read more at Reuters.com Government Filings News
The U.S. Food and Drug Administration did not find sufficient clinical information to approve the drug, the company said, an assessment it disagrees with.
Read more at Reuters.com Government Filings News
Capitol Energy, Nortel, Tim Hortons and Thomson: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index gained 108.26, or 0.8 percent, to 13,687, yesterday in Toronto. The benchmark has risen 0.4 percent since April 27, heading for a weekly gain for the fourth time in five weeks.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index gained 108.26, or 0.8 percent, to 13,687, yesterday in Toronto. The benchmark has risen 0.4 percent since April 27, heading for a weekly gain for the fourth time in five weeks.
Read more at Bloomberg Stocks News
ABN seeks clarification on LaSalle "go-shop" clause
(Reuters) - ABN AMRO said it was studying the details of the court's decision, handed down on Thursday, and that the Dutch commercial court had asked the parties involved about their opinion regarding ABN's request for clarification.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
African Oxygen lifts H1 earnings 19 pct
(Reuters) - South African gas group African Oxygen Ltd (Afrox) posted a 19 percent jump in adjusted headline earnings per share to 78.8 cents in the six months to end-March on Friday.
Afrox cited strong demand for its products during the period, and said business remained strong and the company was well positioned for real growth in earnings.
Read more at Reuters Africa
Afrox cited strong demand for its products during the period, and said business remained strong and the company was well positioned for real growth in earnings.
Read more at Reuters Africa
Edison, Morgan Stanley Lead Companies Selling $33 Billion of New Bonds
(Bloomberg) -- Edison International, the largest buyer of wind power, and securities firm Morgan Stanley led borrowers in selling $33 billion of bonds this week, the third-most this year, as issuance accelerated amid signs of a rebounding economy.
Sales rose from last week's $25.5 billion and exceeded this year's average of $22.8 billion, according to data compiled by Bloomberg. Edison, based in Rosemead, California, sold $2.7 billion of bonds through one of its units, while Morgan Stanley issued $3.75 billion of senior floating-rate notes.
Read more at Bloomberg Bonds News
Sales rose from last week's $25.5 billion and exceeded this year's average of $22.8 billion, according to data compiled by Bloomberg. Edison, based in Rosemead, California, sold $2.7 billion of bonds through one of its units, while Morgan Stanley issued $3.75 billion of senior floating-rate notes.
Read more at Bloomberg Bonds News
S&P lifts Ahold to investment grade; CDS tighter
(Reuters) - After tightening by about six basis points on Thursday, five-year credit default swaps on Ahold fell a further five basis points on Friday to 55 basis points, a trader said, after the S&P upgrade to BBB- from BB+ with a stable outlook.
That boosted S&P's credit rating on Ahold to investment grade from "junk" status, although its unsecured bonds remain in speculative-grade, rising to BB+ from BB.
Read more at Reuters.com Bonds News
That boosted S&P's credit rating on Ahold to investment grade from "junk" status, although its unsecured bonds remain in speculative-grade, rising to BB+ from BB.
Read more at Reuters.com Bonds News
Devax Inc. files for $85 mln IPO
(Reuters) - The company is seeking an Nasdaq listing under the symbol "DEVX." The filing did not reveal how many shares the company planned to sell or their expected price.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
S.Africa 3-month T-bill rate up at 8.34 pct
(Reuters) - The average discount rate for South African three-month Treasury Bills crept up to 8.34 percent at Friday's auction from 8.32 percent last week, the Reserve Bank said.
The average yield was at 8.52 percent from 8.49 percent previously. Applications for the 2.3 billion rand of bills on offer totalled 5.184 billion rand.
Read more at Reuters Africa
The average yield was at 8.52 percent from 8.49 percent previously. Applications for the 2.3 billion rand of bills on offer totalled 5.184 billion rand.
Read more at Reuters Africa
Dollar Heads for Weekly Gain as Data Show U.S. Economy Is Strengthening
(Bloomberg) -- The dollar headed for the biggest weekly gain in four months against the euro as strength in U.S. manufacturing and services prompted investors to reduce bets the Federal Reserve will cut interest rates in coming months.
The currency was also set for a second winning week versus the yen as the yield spread between U.S. and Japanese two-year bonds widened to a three-week high. The Institute for Supply Management's index of services grew the fastest in three months in April, while manufacturing was the best in almost a year.
Read more at Bloomberg Currencies News
The currency was also set for a second winning week versus the yen as the yield spread between U.S. and Japanese two-year bonds widened to a three-week high. The Institute for Supply Management's index of services grew the fastest in three months in April, while manufacturing was the best in almost a year.
Read more at Bloomberg Currencies News
Russia's Micex Index Advances, Paced by Norilsk Nickel, Severstal
(Bloomberg) -- Russian stocks climbed for a second day, led by OAO GMK Norilsk Nickel and OAO Severstal.
The ruble-denominated Micex Index added 0.6 percent to 1703.58 at 12:23 p.m. in Moscow. The dollar-based RTS Index gained 0.4 percent to 1931.33 rubles.
Read more at Bloomberg Stocks News
The ruble-denominated Micex Index added 0.6 percent to 1703.58 at 12:23 p.m. in Moscow. The dollar-based RTS Index gained 0.4 percent to 1931.33 rubles.
Read more at Bloomberg Stocks News
South African Rand May Be Overvalued, Central Bank Governor Mboweni Says
(Bloomberg) -- South African central bank Governor Tito Mboweni suggested the rand is overvalued and said that it may pose a ``bit of a problem'' for the country's burgeoning current account deficit.
``If the current account goes into a huge deficit, and one continually notices that the trade balance is out of kilter, then it says something about the exchange rate being out of balance,'' Mboweni said in an address to businessmen in Johannesburg today. ``Maybe it's a bit out of kilter, maybe there needs to be some rebalancing.''
Read more at Bloomberg Emerging Markets News
``If the current account goes into a huge deficit, and one continually notices that the trade balance is out of kilter, then it says something about the exchange rate being out of balance,'' Mboweni said in an address to businessmen in Johannesburg today. ``Maybe it's a bit out of kilter, maybe there needs to be some rebalancing.''
Read more at Bloomberg Emerging Markets News
EMI shares up 8 pct on takeover approaches
(Reuters) - The news sent the group's share price up 8 percent or 18-1/4 pence to 245-3/4p by 0830 GMT.
EMI Group Plc, which rejected a 2.1 billion pound bid proposal from long-time suitor Warner Music in March, declined to say how many approaches it had received or who they were from.
Read more at Reuters.com Bonds News
EMI Group Plc, which rejected a 2.1 billion pound bid proposal from long-time suitor Warner Music in March, declined to say how many approaches it had received or who they were from.
Read more at Reuters.com Bonds News
BMW's Luxury Lead Threatened as Stock Lags, Margins Stagnate, Lexus Gains
(Bloomberg) -- On the outskirts of Leipzig, a 20-meter- tall steel, glass and concrete building rears out of the flat landscape. The complex, a car factory opened by Bayerische Motoren Werke AG in 2005, was designed by Pritzker Prize-winning architect Zaha Hadid and won Germany's top architecture award.
For the BMW executives who built it, the plant's form is less important than its function. The factory was custom designed to produce 1-Series or 3-Series BMW sedans in any order and with different options without stopping the production line. Leipzig is BMW's latest weapon in its battle to retain its position as the world's most-successful luxury car company.
Read more at Bloomberg Exclusive News
For the BMW executives who built it, the plant's form is less important than its function. The factory was custom designed to produce 1-Series or 3-Series BMW sedans in any order and with different options without stopping the production line. Leipzig is BMW's latest weapon in its battle to retain its position as the world's most-successful luxury car company.
Read more at Bloomberg Exclusive News
Oil edges higher, gasoline glitches support
(Reuters) - Oil rose further above $66 a barrel on Friday, pushed higher by low U.S. gasoline stocks in the run up to the summer driving season in the world's top consumer.
Prices fell the previous day after the release of several foreign workers seized in Nigeria's restive oil-producing Niger Delta allayed concerns over further supply disruptions.
Read more at Reuters Africa
Prices fell the previous day after the release of several foreign workers seized in Nigeria's restive oil-producing Niger Delta allayed concerns over further supply disruptions.
Read more at Reuters Africa
South African Rand May Be Overvalued, Central Bank Governor Suggests
(Bloomberg) -- South African central bank Governor Tito Mboweni suggested the rand is overvalued and said that it may pose a ``bit of a problem'' for the country's burgeoning current account deficit.
``The exchange rate of any country should be a reflection of the macroeconomic fundamentals,'' Mboweni said in an address to businessmen in Johannesburg today. ``If the current account goes into a huge deficit, and one continually notices that the trade balance is out of kilter, then it says something about the exchange rate being out of balance. Maybe it's a bit out of kilter, maybe there needs to be some rebalancing.''
Read more at Bloomberg Emerging Markets News
``The exchange rate of any country should be a reflection of the macroeconomic fundamentals,'' Mboweni said in an address to businessmen in Johannesburg today. ``If the current account goes into a huge deficit, and one continually notices that the trade balance is out of kilter, then it says something about the exchange rate being out of balance. Maybe it's a bit out of kilter, maybe there needs to be some rebalancing.''
Read more at Bloomberg Emerging Markets News
Rand ticks above 7/dollar after Mboweni
(Reuters) - South Africa's rand weakened versus the dollar on Friday after central bank governor Tito Mboweni said the currency's high liquidity and a wide current account deficit made it vulnerable to international sentiment.
The rand was trading at 7.0045 versus the dollar at 0745 GMT, weakening by about three cents from just before Mboweni began his speech at a business meeting in Johannesburg.
Read more at Reuters Africa
The rand was trading at 7.0045 versus the dollar at 0745 GMT, weakening by about three cents from just before Mboweni began his speech at a business meeting in Johannesburg.
Read more at Reuters Africa
Asian stocks rise, dollar eyes U.S. payrolls
(Reuters) - Caution ahead of the payrolls number -- an important clue for the direction of Federal Reserve policy -- was set to weigh on European markets. Bookmakers were calling the FTSE 100 FTSE> , the CAC 40 and Germany's DAX to open flat to slightly lower.
Trading was thin as Japanese and Chinese financial markets remained shut for their respective Golden Week holidays.
Read more at Reuters.com Hot Stocks News
Trading was thin as Japanese and Chinese financial markets remained shut for their respective Golden Week holidays.
Read more at Reuters.com Hot Stocks News
European Government Bond Yields Hold Near Highest in Five Years on Growth
(Bloomberg) -- European bond yields held near their highest since June 2002 on signs the euro region economy will gather momentum, giving the European Central Bank more scope to raise borrowing costs.
Two-year note yields, which move inversely to prices, held near the highest in almost five years this week amid signs the $10.4 trillion euro region economy keeps growing supporting the prospect for higher interest rates. The European Commission said yesterday prospects for the euro region's economy this year are ``more favorable'' than they have been for many years.
Read more at Bloomberg Bonds News
Two-year note yields, which move inversely to prices, held near the highest in almost five years this week amid signs the $10.4 trillion euro region economy keeps growing supporting the prospect for higher interest rates. The European Commission said yesterday prospects for the euro region's economy this year are ``more favorable'' than they have been for many years.
Read more at Bloomberg Bonds News
AngloGold Ashanti Q1 adjusted headline EPS doubles
(Reuters) - The world's third biggest gold producer AngloGold Ashanti Ltd doubled first quarter adjusted headline earnings per share to 34 U.S. cents, matching market expectations.
Gold output dropped 10 percent to 1.33 million ounces in the quarter to the end of March, in line with the company's forecast, mainly due to fewer production shifts due to the year-end break, AngloGold said in a statement on Friday.
Read more at Reuters Africa
Gold output dropped 10 percent to 1.33 million ounces in the quarter to the end of March, in line with the company's forecast, mainly due to fewer production shifts due to the year-end break, AngloGold said in a statement on Friday.
Read more at Reuters Africa
RPT-ADB meets to reexamine its role as Asia grows
(Reuters) - KYOTO, Japan, May 4 - The Asian Development Bank began discussing ways to tackle the challenges facing the region's rapidly growing economies on Friday, with the Manila-based agency seeking a new role for itself to keep pace with those countries.
The ADB is under pressure to prioritise its work to better serve its 67 member countries ranging from struggling Bangladesh and Pakistan to booming China and India as well as its largest donors, Japan and the United States.
Read more at Reuters.com Bonds News
The ADB is under pressure to prioritise its work to better serve its 67 member countries ranging from struggling Bangladesh and Pakistan to booming China and India as well as its largest donors, Japan and the United States.
Read more at Reuters.com Bonds News
European Stocks May Rise; Shares of EMI, Munich Re, Hanson May Advance
(Bloomberg) -- European stocks may gain after earnings from Munich Re, the world's second-biggest reinsurer, beat analysts' estimates and music company EMI Group Plc said it received several takeover approaches.
``We'll probably see a gain in momentum from earnings,'' said Lucy Macdonald, chief investment officer at RCM Ltd. in London, which oversees $100 billion. This will provide ``good support for markets.''
Read more at Bloomberg Stocks News
``We'll probably see a gain in momentum from earnings,'' said Lucy Macdonald, chief investment officer at RCM Ltd. in London, which oversees $100 billion. This will provide ``good support for markets.''
Read more at Bloomberg Stocks News
EMI says has had a number of takeover approaches
(Reuters) - Earlier on Friday, the Financial Times newspaper, without citing sources, said One Equity Partners had approached EMI with an offer that could value the world's third-biggest music group at more than $6 billion.
One Equity Partners, a unit of JP Morgan Chase and Co, could not immediately be reached for comment.
Read more at Reuters.com Mergers News
One Equity Partners, a unit of JP Morgan Chase and Co, could not immediately be reached for comment.
Read more at Reuters.com Mergers News
Chicago Wheat Declines as Kansas May Produce More in 2007; Corn Advances
(Bloomberg) -- Wheat futures fell as participants in a U.S. wheat tour estimated Kansas will produce 35 percent more of the grain this year than last after most of the crop escaped major damage from an April 7 freeze. Corn prices gained.
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts inspecting fields since April 30. Last year's harvest was 291.2 million bushels, the U.S. Department of Agriculture said in January.
Read more at Bloomberg Commodities News
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts inspecting fields since April 30. Last year's harvest was 291.2 million bushels, the U.S. Department of Agriculture said in January.
Read more at Bloomberg Commodities News
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