Quick Overview

• The DOE said that:
  Crude oil supplies were down 300,000 barrels at 308.1 million barrels.
  Unleaded gasoline supplies were up 3.4 million barrels
  Heating oil supplies were up 1.7 million barrels.
  Gasoline demand over the past four weeks was down 2.1% from a year ago.
  The DOE also said that last week refineries were operating at 90.8% of capacity
  

• The USDA said that there were 22.1 million pounds of frozen pork bellies in storage on August 31st, up 45% YoY, but down substantially from last month's 50.3 million pounds.
  

• The USDA said that Frozen pork totaled 417.7 million pounds, up 9% YoY.
  
  

• The USDA said there were 1.40 billion pounds of frozen orange juice concentrate in storage as of August 31st, down 23% YoY.
  

• The world economy is set to grow a swift 4.3 percent this year and next -- above the 3.9 percent average of the past decade -- despite higher oil prices and a battering from Hurricane Katrina, the IMF said on Wednesday.
  
  

• Canada's retail sales hit a new high of C$31.3 billion in July, up 1.5% on the month and up 7.9% from a year ago.
  

• Consumer spending in France was up 1.9% in August.