Quick Overview

• USDA Report

• The Fed kept funds rate unchanged at 0.125%

• U.S. Exports rose $2.4 billion in June while imports rose $3.5 billion. Resulting in a trade deficit of $27.0 billion.
  

• U.K.'s unemployment out at 7.8% up from 7.1%
  

• Industrial production in the EU fell 0.2% MoM and 15.6% YoY.

• The Bloomberg Professional Global Confidence Index jumped to 58.12 this month from 39.13 in July.

• Cocoa exports from Nigeria, the world’s fourth-biggest producer of the commodity, fell 22% in June, the Lagos-based Federal Produce Inspection Service said.

• Arrivals of cocoa beans from the Ivory Coast for the first 45 weeks of the 2008-09 season, are down by 14% YoY

• MoM U.S. cocoa bean imports rose 56.3% in June, and 330.8% YoY, the Commerce Department reported Wednesday.

• The USDA's 2009-2010 U.S. ending stocks estimate for:
• Corn was raised from 1.550 to 1.621 billion bushels.
• Soybeans lowered from 250 to 210 million bushels.
• Wheat was raised from 706 to 743 million bushels.
• Sugar was reaised from 359,000 to 709,000 tons.
• Cotton unchanged at 5.60 million bales.
  

• The USDA's 2009-2010 world ending stocks estimate for:
• Corn was raised from 139 to 141 million tons.
• Soybeans lowered from 52 to 50 million tons.
• Wheat was raised from 181 to 184 million tons.
• Cotton was lowered from 58 to 57 million bales.

• China buys another 4.2 mln bu of new-crop beans this AM

• The median price of an existing U.S. single-family home fell to $174,100, the National Association of Realtors said today. Total sales rose 3.8% QoQ and fell 2.9% YoY.