This webcast recorded on December 4th, discusses upcoming economic events for the week and month. The last conference series of the year is set to be released, and the we are anticipating a less exciting December report. Other lined up issues for the week include an employment report and a monthly supply-demand report. We expect 185,000 to be added to nonfarm payrolls and no change in unemployment, with the rate remaining at 3.9%. Discussion regarding potential recession and economic slowdown is active, although not yet visible in job discussion. We preview the monthly supply and demand report from the USDA, which will not entail any production changes for U. S. crops but will focus on a balance sheet discussion on demand and potential adjustments for South American Supply.

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Rich Nelson
Chief Strategist
Rich writes daily for Allendale and is a frequent guest on various radio stations around the country.

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