Quick Overview

• New auto sales in Australia rose 21.7% to 101,907
  vehicles in June from May, industry data published Tuesday by the Federal Chamber of Automotive Industries show.
  

• U.S. factory orders were up 2.9% in May, after gaining 0.7% in April.
  

• Good week for U.S. railroads as Carriers boost carloads 0.6 percent, intermodal loads 4.4 percent.

• The Palmer drought map for the U.S. shows moderate to extreme drought conditions from east Texas up through Illinois and into Michigan. There are also concerns that Tropical Storm Cindy could push Asian soy rust farther north into soybean country.
  

• Today’s USDA's good to excellent crop rating for:
  Corn was 62%, down from 65% a week ago.
  Soybeans were 58%, down from 59% a week ago.
  Spring wheat was 81%, up from 77% a week ago.
  Cotton was 57%, down from 62% a week ago.
  

• Retail sales in the Euro zone were up 1.1% in May and up 2.0% from a year ago.

• Mexican consumer confidence rose 1.0 percent in June from May, breaking a run of three straight months of declines, the government said on Monday.