- Traders expect the soy market to remain firmly underpinned on breaks as near-term weather issues, rust and aphid worries, lost acres in the northwest Midwest and potential dryness problems in China and India provide an underlying backdrop to support the market.
- CNOOC, China's third largest oil company, may bid $20 billion for the US's Unocal, trumping Chevron's $16 billion bid. (I'm off to take chinese lessons!)
- The price of retail diesel fuel rose 3.7 cents to $2.313 a gallon, just 0.3 cents below the record high reached April 11, the Department of Energy said Monday.
- Canada's retail sales totaled C$30.9 billion in April, up 1.5% on the month and up 8.2% YoY..
- Consumer spending in France was down 0.9% in May, weaker than expected
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