- U.S. New home sales were up 16.2% from March's pace and stronger than expected. YoY new home sales are down 20%. New homes for sale in the U.S. are at a 6.5 month supply.
- U.S. Durable goods orders were up 0.6% in April, weaker than expected.
- U.S. Jobless claims were up 15,000 last week to 311,000.
- The USDA estimates 2007-2008 the world sugar production at 163.3 million tons up from 161.3 million tons YoY. World ending stocks are expected to rise 6.1 million tons to 45.1 million tons, or 29% of use.
- Pakistan suspended wheat exports.
- The DoE said that underground supplies of natural gas were up 104 billion cubic feet last week to 1.946 trillion cubic feet.
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