Quick Overview

• The S&P 500 and DOW closed at a new high
  

• U.S. Trade deficit rose 2.3% in May.
  

• YoY U.S. Foreclosures rose 87% in June.
  

• Bank of Japan kept rates at 0.5%.
  

• YoY Japan's current account surplus widened 31.1 percent in May.
  

• Japan’s Consumer sentiment at 30-month low.
  

• YoY Japan’s Corporate bankruptcies rose 32.4 percent in June.
  

• Japans Wholesale inflation rose 2.8% in June the BOJ said.
  

• The unemployment rate in Australia rose from 4.2% to 4.3%
  

• GDP in the Euro area rose 3.1% QoQ.
  

• YoY Industrial production in India rose 11.1%
  
  

• The USDA's 2007-2008 U.S. ending stocks estimate of:
• Corn was raised from .997 to 1.502 billion bushels.
• Soybeans were lowered from 320 to 245 million bushels.
• Wheat was lowered from 443 to 418 million bushels.
• Sugar was lowered from 1.417 to 1.377 million tons.
• Cotton was lowered from 6.70 to 5.90 million bales.
  

• The USDA's 2007-2008 world ending stocks estimate of:
• Corn was raised from 92 to 108 million tons.S
• Soybeans were lowered from 54 to 52 million tons.
• Wheat was lowered from 117 to 112 million tons.
• Cotton was lowered from 51.2 to 50.8 million tons.
  

• The latest 6 to 10-day forecast from the National Weather Service shows a hotter and drier outlook for most of the Midwest.