Page 4 - Weekly Crop Progress News Today

- UK’s February GDP data held up but headwinds persists as cost-of-living crisis and war in Ukraine likely to mean a slowdown in activity. - EU inflat

Corn, at 11.0 million acres, is down 3 percent from 2020. Corn for grain was harvested on 10.85 million acres, down 2 percent from the previous year.

- German IFO Survey registers its 4th straight lower reading as supply chain issues intensify. - BOJ and ECB meet this week. Dealers noted that market

- Markets remains focused on supply-chain issues and energy shortages (commodities, crude prices rose more than 1% to test 2018 highs); sentiment driv

- Markets continue to monitor energy crunch and China Evergrande Group’s debt crisis. - Brexit jitters on reports the UK was planning to issue a threa

- China registered disappointing economic figures in July have raised the chance of more fiscal and monetary policy support to help cushion the recove

6/1/2021 10:41:16 AM GMT Notes/Observations - Euro Zone inflation tests above ECB target for 1st time since Nov 2018. - Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK). Asia: - RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a retur...

- Sanofi [SAN.FR] +1%, - Speakers - EUs Vestager noted that it was too early to consider a 2nd economic recovery package for the region. - Hungary Central Bank Dep Gov Virag stated that saw many signs of inflation in the economy with upward risks rising. MPC to be proactive in addressing inflation and stressed that maintenance of price stability would be key. Saw inflation back within range by summer. - - Russia Central Bank Dep Gov Zabotkin stated that monetary policy should return to n...

- 05:20 (EU) Daily ECB Liquidity Stats. - 05:30 (DE) Germany to sell combined €6.0B in 3-month and 9-month Bubills. - Sells €B vs. €3.0B indicated in 3-month BuBills; Avg Yield: % v -0.6372% prior; Bid-to-cover: x v 2.07x prior (Apr 6th 2021). - Sells €B vs. €3.0B indicated in 9-month BuBills; Avg Yield: % v -0.6472% prior; Bid-to-cover: x v 1.55x prior (Apr 6th 2021). - 05:30 (NL) Netherlands Debt Agency (DSTA) to sell €2.0-4.0B in 3-month and 6-month bills. - 05:30 (ZA) South Afri...

- (EU) Daily ECB Liquidity Stats. - 05:30 (DE) Germany to sell €4.0B in 12-month Bubills. - 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays). - 06:00 (IL) Israel Mar Unemployment Rate: No est v 5.1% prior; Unemployment Rate 9including Covid): No est v 16.7% prior. - 06:00 (IL) Israel Feb Manufacturing Production M/M: No est v -0.5% prior. - 06:00 (IL) Israel to sell bonds. - 06:00 (RO) Romania to sell RON500M in 4.15% 2028 Bonds. - 06:45 (US) Daily Libor F...