Macroeconomics

1. [Logistics Industry Prosperity Index] According to data from the China Federation of Logistics & Purchasing (CFLP), China's Logistics Industry Prosperity Index stood at 50.3% in May—an increase of 0.6 percentage points from the previous month—marking a return to the expansionary zone.

2. [U.S. Tariffs] The Trump administration has announced the imposition of additional tariffs on imports from 60 economies in response to their failure to effectively curb the importation of goods produced via forced labor. Under the USTR's proposal, goods from countries including Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Malaysia, and the United Kingdom will be subject to a 10% tariff; goods from the remaining 45 countries will face a higher tariff rate of 12.5%. This action comes as the 10% provisional tariffs, previously implemented by the Trump administration on February 20, are set to expire on July 24.

3. [U.S. ADP Employment] U.S. private-sector employment, as measured by the ADP National Employment Report, rose by 122,000 in May; this figure exceeded market expectations of 117,000 and the previous month's reading of 109,000.

4. [Bank of Japan] Bank of Japan Governor Kazuo Ueda stated that rising oil prices are highly likely to broadly push up overall price levels. He projected that Japan's Consumer Price Index (CPI) would accelerate significantly in fiscal year 2026 and indicated that the central bank would proceed with interest rate hikes at an appropriate time, based on economic and price trends. This statement has further reinforced market expectations that the Bank of Japan will raise interest rates at its policy meeting this month.

Agricultural Products

1. [Sugar] For the 2025/26 crushing season, Guangxi has cumulatively processed 60.9282 million tons of sugarcane—an increase of 12.3328 million tons year-on-year. Cumulative sugar production reached 7.6974 million tons, up 1.2324 million tons (19.06%) from the previous year, with a sugar yield rate of 12.63%.

2. [Corn] The U.S. Department of Agriculture (USDA) reports that, across 18 states accounting for 91% of the nation's corn acreage, U.S. corn planting progress stood at 93% as of May 31. This compares to 86% the previous week, 92% at the same time last year, and a five-year average of 92% for this period. The report also indicates that corn emergence reached 76%, up from 60% the previous week, and matching the 76% recorded at the same time last year, while the five-year average for this period is 74%.

3. [Palm Oil] According to AmSpec, an independent inspection agency in Malaysia, Malaysia's palm oil exports for the period of May 1–31 totaled 1,138,781 tons—a decrease of 15.45% compared to the 1,346,859 tons exported during the same period the previous month.

4. [Palm Oil] Statistics Indonesia (BPS) reports that, during the first four months of 2026, Indonesia's exports of crude palm oil and refined palm oil reached 7.7 million tons, representing a 20.4% increase year-on-year. By comparison, palm oil exports during the first three months of this year totaled 5.85 million tons, a year-on-year increase of 9.3%.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.