27 August 2014



Today’s Issue Cluster: Crops

Carbon – Obama Pursuing Climate Accord in Lieu of Treaty
US – Construction of Rentals Is Taking Off
Rail – Grain Piles Up as Trains Move ND Oil


MAJOR DATA POINTS

Germany – Sep: GfK consumer climate falls; 8.6 from 8.9 / R *


MARKETS

EMs – Argentine default fails to halt emerging market bond rally FT * * *

EMs – Is the BRICS Contingent Reserve Arrangement a Substitute for the IMF? cfr *

EMs – Is the BRICS Bank More “Democratic” Than the World Bank? cfr / N *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

MNB – Hungary Leaves Key Rate Unchanged After Two Years of Cutting WSJ / B


FINANCE

Insurance – California quake losses seen in the billions R *

Insurance – Buffett, Greenberg Target Asia WSJ *


REAL ESTATE

US – Buyers Not Clamoring for New Homes WSJ *

US – Fewer Homes Underwater in Second Quarter WSJ *

US – With Rentals in Fashion, Apartment Construction Hits 25-Year High wsj * *

US – Construction of Rentals Is Taking Off NYT * * *

US – Homes Built for Rent Claim Smaller Share wsj *

US – Foreclosed-Property Sales Fall to Lowest Levels Since 2008 wsj * *


SERVICES

E-Cigs – WHO Calls for Tougher Rules WSJ / FT

E-Cigs – Big Tobacco’s Push Gets a Reality Check WSJ *

E-Cigs – Reynolds, Altria Lead Smokers Toward Tobacco’s New Era IBD


MANUFACTURING

Aerospace – Fighting Junk: The Next Generation WSJ / WSJ *


TECH



TRADE & TRANSPORTATION

Rail – Grain Piles Up as Trains Move ND Oil NYT

Rail – Cargo Rates Trigger Shipper Backlash B


COMMODITIES

Crops – China Is Awash in Grain WSJ *

Crops – Corn: US Farmers Up to Their Ears WSJ / FT / AP / B *

Crops – Soybeans: Forecast for Record Harvest Pressures Prices WSJ *

Crops – Corn/Soybean: Yields Shoot Higher WSJ *

Crops – Farmland: Midwestern Values Flatten as a Hot Market Cools WSJ / FT / WSJ

Crops – GMO: Monsanto Expects 2014 U.S. Approval for New Soybean Seeds WSJ / NYer

Crops – GMO: Fight Ripples Down the Food Chain WSJ / AP / *

Crops – Sugar: US Plans Duties on Imports from Mexico WSJ / FT / R / WSJ

Crops – Cranberries: Giant Adds Real Estate to the Mix WSJ *

Crops – Potatoes: Falls From Grace WSJ *

Crops – Oranges: Private Forecaster Puts Florida Crop at 50-Year Low WSJ

Crops – Oranges – US Juice Sales Fall to Record Low WSJ *

Crops – Olive Oil: Spanish Drought Prompts Fears of Widespread Shortage WSJ / AFP *

Crops – Hazelnuts: High prices torment confectioners FT / AFP / wapo * * *

Crops – Almonds: The rise of in the US wapo *

Crops – Cotton: Price Unravels as Supplies Rise WSJ / FT / WSJ

Crops – Rubber: Glut Seen Shrinking as 28% Price Decline Deters Tapping B / N / FT / WSJ

Crops – Rubber: Industry races to turn dandelions into tires R

Crops – Insects: A boon to Thailand’s farmers AP / mit

Crops – Honey: Record drought saps California production AP

Crops – Pesticides – Public concern grows over bee deaths G&M

Crops – Pesticides: Invader Batters Rural America NYT / AP


ENERGY & ENVIRONMENT

Carbon – Obama Pursuing Climate Accord in Lieu of Treaty NYT


LABOR & EDUCATION



HEALTH



ENDNOTE

Top 32 Highest-Paid Players in Several Sports WSJ / t *


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