- The Institute of Supply Management's manufacturing index improved from 48.6 to 49.6 -- better than expected.
- U.S. construction spending fell 0.4% from March's pace and 3.9% YoY.
- Australia's retail sales fell 0.2% in April, weaker than expected.
- The USDA said:
- 95% of the corn crop was planted and 63% of it was rated good to excellent This is down from 78% last year.
- 69% of the soybean crop was planted, down from a five-year average of 81%.
- 57% of the spring wheat crop was rated good to excellent. This is down from 85% last year.
- 47% of the winter wheat crop was rated good to excellent -- unchanged from last week.
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