- Purchases of new homes in the U.S. fell to a seasonally adjusted annual rate of 300,000, the lowest since records begin in 1963. Sales in March and April were also revised lower; April's sales pace was 446,000 compared with 504,000 originally reported.
- F.O. Licht raised 2009/10 world sugar production by 0.7% to 155 million MT on higher output from Brazil and India. This is up from a February prediction of 153.9 million MT.
- The U.S. DOE said:
Supplies of crude oil rose 2.0 million barrels to 365.1 million barrels.
Supplies of gasoline fell 800,000 barrels
Supplies of distillates rose 300,000 barrels
Gasoline demand rose 0.8%
Distillate demand rose 12.8%
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