Highlights
The US Producer Price Index for May was reported yesterday morning a negative 0.3% versus the expected negative 0.1%; April was a plus 0.2%.
As expected, for the first month since March of 2022, the Federal Reserve left interest rates unchanged yesterday afternoon.
China’s palm oil inventory has declined 12 consecutive weeks. That is one of the reasons soybean oil has gained 12¢ a pound (27%) so far this month.