IMF lifts US growth forecast amid Trump expectations
The IMF raised the US growth outlook to 2.3 percent in 2017 and 2.5 percent in 2018, citing policy promises from President-elect Trump. It warned that a protectionist trade war could be highly destructive while keeping global growth projections at 3.4 percent for 2017 and 3.6 percent for 2018.
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Kyrgyzstan cargo crash kills 37 near Bishkek
A Turkish ACT Airlines Boeing 747 crashed near Manas airport in Kyrgyzstan destroying part of a village. At least 37 people died including four Turkish crew members and Kyrgyz residents. 15 hospitalized, 23 houses in the village damaged, one flight recorder recovered. Erdogan offered condolences to Kyrgyz President Atambayev.
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Wheat futures see mixed bids across contracts as sales rise
Wheat futures quotes show a 5 000 bushel minimum, with March at 426.25 426.75 419.50 426.25 and May at 439 440.50 433.25 439.75. Jul 17 to Dec 17 display varied spreads, with Mar 18 and Apr/May 18 prints. Thursday’s sales reach 241,146. open interest at 473,734, futures down 2. FUTURES 2 $1.25 -1.50.
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