Tuesday, May 27, 2008

Quick Overview

  • The Conference Board said its monthly measure of consumer confidence fell to 57.2 from 62.3 in April -below Wall Street's estimate of 60.0.

  • Australia’s, Rabobank, lowered its estimate of the country's wheat crop from 24.5 to 22.0 million tons, due to dry weather.

  • China may reduce soybean-oil import tariffs from the current 9% to boost domestic supply, analysts said.

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