Quick Overview

• The U.S. trade deficit narrowed 5.7% to $58.21 billion in March, more than expected.
  

• Canada's unemployment rate increased from 6.0% to 6.1% in April
  
  
  

• USDA estimates for the 2008-2009 season ending stocks:
  Corn is 763 million bushels, down from 1.383 billion bushels in 2007-2008.
  Soybeans are 185 million bushels, up from 145 million bushels in 2007-2008.
  Wheat is 483 million bushels, up from 239 million bushels in 2007-2008.
  Sugar is 1.336 million tons, down from 1.757 million tons in 2007-2008.
  Cotton is 5.60 million bales, down from 9.90 million bales in 2007-2008.
  
  

• USDA 2008-2009 world ending stocks estimate for:
  Corn is 99 million tons, down from 110 million tons in 2007-2008.
  Wheat is 124 million tons, up from 110 million tons in 2007-2008.
  Cotton is 56 million bales, down from 62 million bales in 2007-2008.