Agricultural Markets: Corn rebounded after recent declines. USDA report at 11am expected to have little change to balance sheets. Weather could impact crops.
Livestock: Cattle market up slightly. Beef prices mixed. Hog futures declined on export concerns yesterday.
Financial Markets: Stock futures up on lower-than-expected US CPI. Fed meeting today, no rate change expected. Treasury yields rose.
Economic Data: UK GDP declined in April. China CPI flat, PPI rose less than expected, suggesting weak demand.
Politics: Macron calls early election after EU vote losses. Schultz’s party did poorly in Germany. UK election promises criticized as empty.
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