- (WSJ)Patchy rains for the second straight week dashed hopes of a late monsoon revival in India, and will seriously impact the output of summer-sown rice, sugar cane and pulses, industry officials said. The weather office reported that monsoon rains for the past week were 64 % below average.
- (Bloomberg) -- A coalition of food companies including General Mills Inc., Kraft Foods Inc. and ConAgra Foods Inc. asked the U.S. government to increase sugar-import quotas after inventories fell to a 34-year low and prices surged.
- (WSJ)Frank DiPascali, who helped run Madoff's investment-advisory operation, is expected to plead guilty to fraud charges on Tuesday and could become a central witness against other individuals in the case.
- In a recently released Harris Poll survey, 21% of American adults believe the sun revolves around the earth.
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