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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (9741)	3/8/2004 6:07:24 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

RUSS, Isn't it Weimar? <G> But I agree with the concept. The Brazil reports are especially bad. We were supposed to have a glut of soybeans and corn and now we've got big food inflation on the horizon. What was employment back then? I seriously doubt hyper-inflation as long as we are losing jobs. (and I will continue to bet accordingly) Eurodollars, treasuruies, Euribors all up nicely again even after Fridays run. Mish

To: Knighty Tin who wrote (9741)	3/8/2004 6:34:23 PM
From: russwinter	Respond to of 110194

Reuters Analyst cuts Brazil soy crop to 54.4 mln tonnes Monday March 8, 4:55 pm ET RIO DE JANEIRO, Brazil, March 8 (Reuters) - Private crop analyst AgRural on Monday lowered its estimate for Brazil's 2003/04 soybean crop to 54.4 million tonnes, from 57.3 million in February, due to poor weather. The crop is now seen 8.6 percent lower than the initial estimate of 59.5 million tonnes. Brazil is the world's second-largest soybean producer after the United States. AgRural's forecast is the lowest in a series of official and private downward revisions due to drought in the southern soy belt and excessive rain in the center-west. But the new crop is still expected to be larger than last year's record 52.03 million tonnes. In the key center-west region, AgRural said in a report, "There have been two months of unfavorable weather during a critical period (for crop development)." In southern states, AgRural said, soy crops from Rio Grande do Sul to Mato Grosso do Sul had been blighted by irregular rain and high temperatures. On Monday, private analyst Celeres cut its soy crop estimate to 56.2 million tonnes, from 59.8 million tonnes previously. On Friday Brazil's Vegetable Oils Industry Association cut its 2003/04 crop estimate to 56.9 million tonnes, from 58.9 million in February. Last month the government cut its forecast to 57.7 million tonnes, from a December outlook of 58.8 million.