- U.S. Mortgage applications rose 13%. The increase was driven by a 17% surge in applications to refinance home loans, the Mortgage Bankers Association said.
- Ukraine is set to limit wheat and barley exports to 3.5 million tonnes from now until the end of the year due to the impact of a severe drought, the agricultural policy ministry said yesterday. They put the decision off today, saying they needed more time to study how much wheat and barley has already been shipped overseas.
- Russian meteorologists said on Wednesday Moscow's deadly heat wave was ending after two months of searing weather.
- Russia's ban on grain exports is stirring both political and economic anxiety in Egypt, the world's largest wheat importer where half of the 80 million residents rely on subsidized bread to survive.
- BHP Billiton launched a hostile $39 billion bid for Potash Corp to become the world's top fertiliser maker
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