- U.S. existing home sales declined 0.2% from the prior month to an annual rate of 5.75 million. There is a 9.2 month supply of single family homes for sale, the most in over 15 years.
- Risks to the Canadian economy have increased as the result of turmoil in the credit markets, the Bank of Canada said.
- The USDA said that:
59% of the corn crop was rated good to excellent, up from 58% last week ago.
55% of the soybean crop was rated good to excellent, up from 54% last week ago.
49% of the cotton crop was rated good to excellent, down from 51% last week ago
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