- The U.S. economy grew at an annual rate of 3.5% in the first quarter, faster than a previous 3.1% estimate in late April, the Commerce Department said Thursday. YoY, GDP was up 3.7%.
- U.S. jobless claims were up 1,000 to 323,000 in the week ended May 21, the Labor Department said Thursday
- The core rate of personal consumption expenditures, was up an annual rate of 2.2% in the first quarter.
- The Commerce Department said that early, YoY estimate of corporate profits from current production were up 14% in the first quarter.
- London inventories of Copper declined 2,825 tons to 46,400 tons.
- The U.S. Census Bureau said that 139.4 million bushels of soybeans were crushed in April,
- The USDA's drought monitor shows an increasing area of unusually dry conditions from Michigan down to Louisiana.
- The U.S. Department of Energy said that natural gas supplies were at 1.692 trillion cubic feet - up 93 billion cubic feet.
- U.S. domestic cotton mill usage declined to an annual rate of 6.17 to 6.14 million bales in April.
- The USDA estimates 2005-2006 world sugar production at 146.3 million tons, up from the previous years 142.1 million tons. The 2005-2006 world ending stocks are expected to decrease from 35.8 to 34.2 million tons - or 23% of usage.
- YoY New York Customs District saw overall air-cargo tonnage increase 1.67 percent in March.
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