- New homes sales in the U.S. dropped 8.3 percent to an annual pace of 795,000 in August. The median price dropped 7.5 % YoY.
- The Commerce Department reported the economy grew at 3.8% down from 4% in the previous quarter. YoY GDP remained up 1.9%,
- The GDP's price index was up an annual rate of 2.6% in the second quarter, down from a 4.2% gain in the first quarter.
- Germany's unemployment rate improved to 8.8% in September.
- Canada posted a budget surplus of C$13.8 billion in the 2006-07
- To protect domestic supplies Ukraine will begin limiting wheat exports on November 1st. Ukraine is the world's seventh largest exporter of wheat.
- Russia plans to impose a 10% wheat export duty by the end of November.
- The EU voted yesterday to end a rule that farmers leave 10% of their land fallow, which could cause an increase of some 10 million tonnes in grain production next year.
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