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CPGGrains Gains: Producer Prices for Grains Soared in MayGrains Gains: Producer Prices for Grains Soared in May
Overall, producer prices were up 6.6% year over year in May—the biggest 12-month gain since 2010. Prices for grains, beef and veal, and oilseeds climbed in May as the U.S. Bureau of Labor Statistics reported the biggest year-over-year gain in producer prices since November 2010.
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