News Snippets

Ukraine have harvested 34.9 MMT of grain so far off 74% of the planted area with yields coming in 22% higher. Corn harvesting is now underway where a crop of 16-17 MMT is expected.
The corn harvest has also begun in France with early yields described as "excellent." Some reports suggest that yields could reach a record 10 MT/ha this year due to timely sowings in the spring and regular rainfall across the summer.
Chinese inflation fell from 6.5% in July to 6.1% in August, although pork prices are said to be at record highs.
The USDA will report on crop conditions after the close tonight. I'd expect that we could see corn good/excellent fall maybe 3-4 points, with beans down 2-3 in the top two categories.
Nov London wheat has opened GBP0.20/tonne lower in early trade, with Nov Paris wheat down one euro.
The Swiss National Bank has announced that it is to set a minimum exchange rate against the euro of 1.20 for the soaring Swiss Franc by buying foreign currency in "unlimited quantities." That could cost more than a trip to the Harvey Nicks with Mrs N#1.
Gold has hit it's twelfth record high since the beginning of August this morning, trading above USD1920/oz for the first time since Adam was a lad as the market braces itself for a raft of data and news out of the US and Europe this week. First up is US manufacturing data later this afternoon.