US 0830 ET May CPI expected +0.2% m/m and +2.7% y/y, Apr +0.2% m/m and +2.5% y/y. May CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Apr +0.1% m/m and +2.1% y/y.
0900 ET FOMC begins 2-day meeting.
1200 ET USDA WASDE Jun crop production.
1300 ET Treasury auctions $14 billion 30-year T-bonds.
1400 ET May monthly budget statement expected -$139.5 billion, Apr +$214.255 billion.
JPN 0030 ET Japan Apr tertiary industry index expected +0.6% m/m, Mar -0.3% m/m.
FRA 0130 ET France Q1 total payrolls expected +0.3% q/q, Q4 +0.3% q/q.
UK 0430 ET UK May jobless claims change, Apr +31,200. May claimant count rate, Apr 2.5%.
0430 ET UK Apr ILO unemployment rate expected unch at 4.2% for the three months through Apr, previous 4.2% for the three months through Mar.
0430 ET UK Apr avg weekly earnings expected +2.5% 3-mo avg/year-over-year, Mar +2.6% 3-mo avg/year-over-year. UK Apr weekly earnings ex-bonus expected +2.9% 3-mo avg/year-over-year, Mar +2.9% 3-mo avg/year-over-year.
GER 0500 ET German Jun ZEW survey expectations of economic growth expected -5.8 to -14.0, May unch at -8.2. Jun ZEW survey current situation expected -2.4 to 85.0, May -0.5 to 87.4.
Commodity Calendar – Tuesday 6/12/2018
Date Time Event Survey Prior
6/12/2018 12:00 DOE Short-Term Crude Outlook Jun — 60.86
6/12/2018 12:00 DOE Short-Term Mogas Outlook Jun — 2.71
6/12/2018 12:00 DOE Short-Term Diesel Outlook Jun — 3.01
6/12/2018 12:00 DOE Short-Term Ht Oil Outlook Jun — 2.97
6/12/2018 12:00 DOE Short-Term NatGas Outlook Jun — 10.91
6/12/2018 12:00 WASDE Corn End Stocks Jun 1666m 1682m
6/12/2018 12:00 WASDE Corn Production Jun — 14040m
6/12/2018 12:00 WASDE Corn Yield Per Acre Jun — 174
6/12/2018 12:00 WASDE Corn Exports Jun — 2100m
6/12/2018 12:00 WASDE Corn for Ethanol Jun — 5625m
6/12/2018 12:00 WASDE Corn Supply Jun — 16272m
6/12/2018 12:00 WASDE Corn Old Crop End Stocks Jun 2172 2182
6/12/2018 12:00 WASDE Corn Old Crop Ethanol Jun — 5575
6/12/2018 12:00 WASDE Corn Old Crop Exports Jun — 2225
6/12/2018 12:00 WASDE Soybean End Stocks Jun 415m 415m
6/12/2018 12:00 WASDE Soybean Production Jun — 4280m
6/12/2018 12:00 WASDE Soybean Yield Per Acre Jun — 48.5
6/12/2018 12:00 WASDE Soybean Exports Jun — 2290m
6/12/2018 12:00 WASDE Soybean Supply Jun — 4835m
6/12/2018 12:00 WASDE Soybean Crushings Jun — 1995m
6/12/2018 12:00 WASDE Soybean Old Crop Ending Stocks Jun 520 530
6/12/2018 12:00 WASDE Soybean Old Crop Crushings Jun — 1990
6/12/2018 12:00 WASDE Soybean Old Crop Exports Jun — 2065
6/12/2018 12:00 WASDE Total Wheat End Stocks Jun 959m 955m
6/12/2018 12:00 Wheat Production – All Wheat Jun 1819m 1821m
6/12/2018 12:00 WASDE Wheat Yield Per Acre Jun — 46.8
6/12/2018 12:00 WASDE Total Wheat Exports Jun — 925m
6/12/2018 12:00 WASDE Total Wheat Supply Jun — 3027m
6/12/2018 12:00 WASDE Wheat Old Crop Stocks Jun 1080 1070
6/12/2018 12:00 WASDE Wheat Old Crop Exports Jun — 910
6/12/2018 12:00 WASDE Cotton End Stocks Jun 4.98m 5.20m
6/12/2018 12:00 WASDE Cotton Production Jun 19.50m 19.50m
6/12/2018 12:00 WASDE Cotton Exports Jun 15.50m 15.50m
6/12/2018 12:00 WASDE Cotton Old Crop Ending Stocks Jun — 5
6/12/2018 12:00 WASDE Cotton Old Crop Exports Jun — 16