- (Bloomberg) Prince Alwaleed bin Talal said an oil price of $70 to $80 a barrel is in the best interests of Saudi Arabia because it diminishes the urgency in the U.S. and Europe to develop alternative energy sources.
- Russia plans to let the grain-export ban expire July 1. (as expected)
- (Bloomberg) Steel demand in China, the world’s biggest consumer, may rise by as much as a quarter by 2015 compared with demand last year, according to a projection from the China Iron & Steel Association, which represents producers.
- Chinese animal feed manufacturers consumed 74.7 million metric tons of corn last year, an increase of 20% from 2009.
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