- Corn"The Organization of the Petroleum Exporting Countries is taxing the industrial world into a global depression and Big Oil is behind this year's vicious assaults on corn-based ethanol. The world's largest ethanol conference began with those blunt messages last week here in Music City, USA, where nearly 4,000 people gathered for the 24th annual International Fuel Ethanol Workshop & Expo (FEW), a BBI International event" -Biotech Week G8 climate change agreement includes language about goals to set international benchmarks on biofuels, a move that could require US corn producers to scale back on production for biofuels. The Guardian
- WheatThe Australian press is reporting that durum wheat prices are on the rise despite a big worldwide crop. Strong demand internationally, particularly in the US, is pushing prices higher. The primary use of durum wheat is to produce pasta.
People's Bank of China Spins China’s Bad-Loan Data
PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.read more
UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'
“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."read more
Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)
"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.read more
An Update on Defense Spending by Lt. Gen Emo Gardner
"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.read more
Capital Brief: 5 Things to Watch Right Now In Washington
Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.read more
Cartoon of the Day: 'Biggest Tax Cut Ever'
President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.read more