Energy prices gained 5% in May, led by crude oil 6,5% and U.S. natural gas 24,6%. Non-energy prices declined 4,6%. Agricultural prices eased 0,4%. Food prices as a group were fairly steady, with a 2,7% increase in grains partly offsetting a 1,5% decline in oils and meals.
Fertilizer prices plunged 12,5%, led by urea -23,5%. Metal prices dropped 11,3% in May, with all key metals registering declines (nickel fell 15,3% and copper 7,7%). Precious metal prices dropped 5,5%.