- The Conference Board said Consumer confidence was softer than expected in July falling to 103.2 from a revised 106.2 in June.
- Business confidence in Germany rose to a five-month high in July. The Ifo institute in Munich said its business confidence index rose to 95 from 93.3.
- German consulting agency F.O. Licht raised their estimate of
global sugar consumption this year (2004/05) by 600,000 tonnes while raising production by only 180,000 tonnes.
- Some traders are starting to pay a bit more attention to weather in the Chinese Corn Belt because 40% of the corn growing area has received less than 50% of normal rains since June 1st.
- The average retail price of diesel fuel fell for a second straight week, dropping 5 cents to $2.342 a gallon, the Department of Energy said.
- U.S. sales of Class 8 trucks jumped 38.2% in June from year-ago levels, and reached their highest monthly total since December 1999, as fleets’ buying spree continued.
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