Quick Overview

• Retail sales in Canada totaled C$32.6 billion in May, down 0.6% on the month, but up 7.4% YoY.
  
  

• The Reserve Bank of India is expected to raise short-term interest rates by 25 basis points.
  
  

• Nationwide gas prices hit an all-time high at $3.015 in the last two weeks, the Lundberg Survey of 7,000 gas stations said.
  
  

• The U.S. Court of International Trade ruled the U.S. illegally charged duties on Canadian lumber after NAFTA said there was no justification for them.
  

• Brazil's No. 1 sugar and ethanol equipment manufacturer Dedini SA Industrias de Base has launched a series of technologies this week, including a new process for refining white sugar and a more efficient way to distill hydrous ethanol.
  
  

• According to the Ag Department, 59% of corn is rated good to excellent and beans are called 54% good to excellent, both down 3% WoW.