- U.S. Industrial production was unchanged in May.
- U.S. Capacity utilization was 81.3%, down from 81.5% MoM.
- The New York Federal Reserve's index of manufacturing rose from 8.0 to 25.8 in June, the highest level in a year.
- The University of Michigan’s consumer sentiment index dropped from 88.3 to 83.7 in June.
- The International Cocoa Organization expects world production to fall short of consumption by 145,000 tons.
- The yen dropped to a fifteen year low against the pound and a fresh four-and-a-half-year against the dollar after the Bank of Japan left interest rates on hold at its monthly policy meeting.
- Concerns about dry weather in the eastern and southeastern U.S. continue to support grain prices. Some weather forecasts increased the moisture in next week's outlook, but traders weren't biting. They've been bitten too many times when similar forecasts dried up.
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