The U.S. Labor Department said that the unemployment rate increased from 9.5% to 9.6% in August with a loss of 54,000 jobs, not as bad as expected. The December U.S. T-bonds are trading lower.

In July, the change in non-farm payrolls was improved from -131,000 to -54,000 and, in June, the change was improved from -221,000 to -175,000. In August, 67,000 private sector jobs were added, more than expected.

Correction: The Institute of Supply Management's index of services fell from 54.3 to 51.5 in August, weaker than expected.

Russia's Prime Minister Putin said that their ban on wheat exports will be extended into 2011 due to the severity of the drought that they are dealing with.

The USDA said that 275,000 tons of U.S. hard red winter wheat were sold to unknown destinations and 110,000 tons were sold to Egypt. December wheat is trading higher.

One week from today, the USDA will release its monthly supply and demand estimates. Some are guessing that corn and soybean production numbers will be reduced. December corn is trading higher.

October hogs are steady to higher, following up on yesterday's surprising strength ahead of the Labor Day weekend.

There has been a lot of talk of hurricanes in the news this week, but none are headed for Florida. November orange juice is trading lower.

December gold traded lower after today's jobs report was not as bad as feared, but it is now steady to lower. December copper is steady to higher.

Hurricane Earl is a category 2 storm with winds up to 105 m.p.h. It is moving past North Carolina and is expected to reach Nova Scotia by Saturday afternoon.

October crude oil is trading lower in spite of today's positive jobs report.

Eurostat said that its index of retail sales in the EU-27 was up .1% in July and up 1.0% from a year ago, a little less than expected. Also, an index of services and manufacturing in the Euro zone fell from 56.7 to 56.2 in August.

An index of services in the U.K. fell from 53.1 to 51.3 in August, weaker than expected, but still a sign of expansion.

The September Japanese yen is steady to lower after the U.S. unemployment report was better than expected. The September Canadian dollar is trading higher.

Real GDP in Brazil was up 8.8% in the second quarter from a year ago, better than expected.

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