Feb. Wholesale Trade (.pdf): Inventories +1% to $438B vs. in-line with consensus, +1.07% (revised from +1.1%) in Jan. Sales -0.8% to $379B. Inventory-to-sales ratio rose to 1.16 from 1.13 in prior Month.
Best Buy (BBY -1.3%) shares trade lower on a rumor that Apple (AAPL -0.2%) has blacklisted the retailer over iPad mishandling issues. CrunchGear reports that a "misunderstanding" between the two companies apparently has resulted in Apple’s decision to stop selling iPads at the retail chain, at least for now.
Hanging near all-time highs, corn prices may drop today after the USDA leaves unchanged its estimate for ending inventories. At 675M bushels, a 5% stocks/use ratio, it's a frighteningly small number, but traders were hoping for an even lower figure, and a bull market must be fed.