- Canada’s leading indicators rose 0.9% in May
- Mexico met market expectations by leaving the country s key interest rate unchanged at 4.5%
- (Bloomberg) -- China, the largest cotton user, may raise its import quota for the natural fiber as it sells more from government stockpiles to quench a supply shortfall, an industry analyst said
- (Agrimoney) Prices of oranges in Spain have jumped by 30% thanks to a production slump caused by a harsh winter, and which is set to cause a rise in European Union imports.
- Gold hit a new record high.
- Maersk, the world's biggest container shipping group, is warning of an unprecedented shortage of containers in the run-up to the peak shipping season on the back of a strong rebound in global trade.
- The USDA estimates Brazil’s coffee output to surge 23% to a record 55.3 million bags in the 2010-11 marketing year. In addition, Brazil is expected to boost its harvest of arabica coffee beans, which are valued more than the Robusta by 27% in the year to 41.8 million bags.
(Bloomberg) -- Soybeans rose, notching the first weekly gain since April, on speculation that unusually heavy rain will leave U.S. Midwest fields too muddy to plant. Corn also gained.
Farmers in parts of Iowa and Illinois, the biggest U.S. soybean producers, must decide by June 20 to receive crop insurance payments instead of planting. Some areas received six times the normal rainfall in the past month, delaying soybean seeding and threatening to damage newly planted corn crops.
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