ICE GASOIL MAY FUTURES SETTLE AT $1,276.75 A TON

U.S. EXPORT INSPECTIONS (IN TONNES) SOYBEANS 628,826, WHEAT 365,156, CORN 1,644,191 - USDA

Domestic News: 1. The National Development and Reform Commission (NDRC) has banned foreign investment in the Manus project and demanded the cancellation of the transaction. 2. The Ministry of Finance expressed its appreciation for Moody's decision to maintain China's sovereign credit rating and upgrade its outlook to "stable." 3. The Ministry of Foreign Affairs responded to US sanctions against Chinese companies, stating it will resolutely safeguard the legitimate rights and interests of its enterprises. 4. The Law on State-Owned Assets of Enterprises, in effect for nearly 17 years, is undergoing its first revision; my country plans to revise the Agricultural Law to accelerate the construction of a strong agricultural nation. 5. The National Energy Administration will collaborate with the NDRC to scientifically plan the development goals and tasks of the hydrogen energy industry during the 15th Five-Year Plan period. 6. The China National Space Administration (CNSA) held a roundtable meeting on high-quality development of commercial aerospace enterprises, outlining forward-looking plans for new business models such as space computing power and space manufacturing. 7. The National Bureau of Statistics reported that from January to March, the total profits of industrial enterprises above designated size nationwide reached 1,696.04 billion yuan, a year-on-year increase of 15.5%. 8. Data released by the China Academy of Information and Communications Technology (CAICT) shows that in March 2026, domestic mobile phone shipments reached 21.15 million units, a year-on-year decrease of 7.1%. International News: 1. Iran suspends exports of steel billets and plates until May 30. 2. The British Parliament will vote on whether to investigate Starmer for allegedly deliberately misleading Parliament. 3. OpenAI and Microsoft reach a "truce agreement": removing exclusivity and revenue sharing restrictions. 4. Russian President Putin meets with Iranian Foreign Minister Araqchi; the Russian Foreign Minister says the meeting was productive. 5. Hezbollah leader Naeem Qassem: firmly rejects direct negotiations with Israel. 6. The White House will hold a presidential security meeting this week, attended by the White House operations team, the U.S. Secret Service, and the Department of Homeland Security leadership. 7. U.S. media: Iran proposes an agreement to reopen the Strait of Hormuz to the U.S., but postpones nuclear negotiations. 8. Iranian officials: Tolls for passage through the Strait of Hormuz must be settled in Iranian rials.