Quick Overview

• The U.S. trade deficit rose to $57 billion in April, the Commerce Department reported Friday
  
  

• Prices of imported goods fell 1.3% in May, the first drop this year, the Labor Department reported Friday
  
  

• The USDA's U.S. ending stocks estimate for:
  Corn remained at 2.540 billion bushels.
  Soybeans were reduced from 290 to 255 million bushels.
  Cotton was reduced from 6.30 to 6.20 million bales.
  Wheat was reduced from 678 to 619 million bushels.
  Sugar remained at 759,000 tons.
  
  

• The USDA's world ending stocks estimate for:
  Corn was reduced from 122 to 121 million tons.
  Soybeans were estimated at 52 million tons, up from 47 million tons in 2004-2005.
  Cotton was reduced from 45 to 44 million bales.
  Wheat was reduced from 147 to 144 million tons.
  
  

• The USDA estimates the 2004-2005 Florida orange crop at 151 million boxes with a juice yield of 1.60 gallons per box at 42.0 degrees Brix.
  

• The USDA estimates that 2005-2006 world ending coffee stocks will drop 6.3 million bags to 14.9 million bags, the lowest in over two decades.
  

• Canada's unemployment rate was unchanged in May at 6.8% with a net gain of 35,000 jobs.

• The Conference Board said that the index of leading indicators for Japan was down 0.3% in April to 98.5.