Quick Overview

• Australias jobless rate fell to 5.7% from 5.8%

• U.S mortgage applications rose 16%.
  

• GDP in the EU fell 0.3% QoQ and down 4.9% YoY
  

• Japan's coincident index rose from 89.8 to 91.4 in August
  

• The U.S. Department of Energy said:
  Supplies of crude oil fell 1 million barrels to 337.4 million barrels.
  Supplies of gasoline rose 2.9 million barrels
  Supplies of heating oil rose 400,000 barrels.
  Refinery use rose from 84.6% to 85.0%
  Gasoline demand rose 6.2% YoY
  Distillate demand fell 9.5% YoY.
  

• German cocoa grind rose 11% QoQ

• Conab, the Brazilian version of the USDA, estimates the upcoming bean crop at 62.3-63.3 million tonnes versus 57.1 million last year. They put the corn crop at 50.9-52.2 million tonnes vs 51 million last year. Conab's wheat guess is 5.25 million tonnes versus their September guess of 5.85 million.

• (Bloomberg) Sugar deliveries from Brazil may face delays next year after above-average rains pared cane yields and slowed the harvest, producer Grupo Jose Pessoa SA said. Deliveries originally scheduled for the first half of 2010 may be delayed until later in the year or the first half of 2011.