Tidbits, China GDP, NOPA Crush, Crude Oil Demand, Wheat Areas 4/16/25
- Wright team
- 2 days ago
- 4 min read
Tidbits
The Chinese economy expanded at an annual rate of 5.4% in the first quarter of 2025, keeping the same pace as in the 4th quarter of 2024. The market expected a slower pace of expansion of just 5.1%. China’s economic annual growth rate is the strongest in 1½ years.
Manufacturing sales in Canada rose 0.2% in February to CA$72 billion; the market expected a decline of 0.2%. February was the fifth consecutive month of increases and the highest level of sales since September 2023.
According to the American Petroleum Institute, U.S. crude oil inventories rose by 2.4 million barrels for the week ending April 11, more than offsetting the 1.057-million-barrel draw-down the previous week. The market was expecting a 1.68 million draw.
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