From Bloomberg, this just in!

India Buys Raw Sugar for the First Time Since 2006

By Thomas Kutty Abraham

Aug. 27 (Bloomberg) — “Shree Renuka Sugars Ltd., India’s biggest refiner, bought 30,000 metric tons of raw sugar from Brazil, the nation’s first overseas purchase in 2 1/2 years as domestic production declines. “

Kevin’s take on the situation…

Sugar is seeing some serious buying coming in off of this news and the picture for sugar is really coming together. If you haven’t bought those October 2009 calls then you are getting left at the pier. Just like my new silver and cattle trades in Global Commodities Alert .

Don’t have access to GCA? Sure you do… get my latest mailbag complete with my outlook for my former trading services trades and much more all FREE. That’s right you can simply request a copy of my most recent mailbag by going to www.kerralert.com and requesting the update in the box on the upper right of the screen. I hope you will.

Also this morning I got a last minute call to come in and talk about hurricane Gustav as it heads toward the Gulf Coast. I spoke exclusively with my friends s on CNBC’s Squawk Box…. Watch it here!

Trading Block
A check on the markets, with Kevin Kerr, Global Commodities Alert and Kevin Ferry, Cronus Futures Management

http://www.cnbc.com/id/15840232?video=833647370

OK so we are in the height of storm season, and true to form another one is coming right behind Gustav…keep checking my blog all weekend for updates.

Latrest from AccuWeather.com

“Less than 48 hours ago, Gustav was a tropical low being monitored for potential development. Today, a close eye is being kept on another low. The disturbance currently lies several hundred miles to the northeast of the Leeward Islands. The low remains disorganized with thunderstorms failing to wrap around its center. The low could organize and strengthen in the next couple of days as the system tracks through warm water and wind shear overhead decreases.

Story By AccuWeather.com Meteorologist Kristina Pydynowski

Also this just in form the Baltics…

Associated Press 08.26.08, 1:24 PM ET
TALLINN, ESTONIA -
The government of Estonia is temporarily hosting the Web sites of Georgia’s central bank and Foreign Ministry to try to protect them from cyber attacks, officials said Tuesday.

Georgia has transferred key Web sites to servers in other countries, including Poland and France, after some came under attack following the outbreak of war with Russia, the state-run Estonian Informatics Center said.

“This is a way to help Georgia make their Web pages visible to the world,” said Katrin Pargmae, a spokeswoman for the Estonian center. Estonia is also hosting a Georgian English-language news portal.

Estonia has experience coping with similar attacks: Its government and private sector Web sites were targeted in May 2007, just days after the Baltic state decided to relocate a Soviet war memorial and grave, angering Estonia’s ethnic Russian minority and neighboring Russia.