May activity data improved on infrastructure investments Brazil: Re-entering the paying position in DI Jan-21 US LNG export approvals: Burden shifts to FERC A South African wage agreement “in principle” Oil: Supply risk from Iraq, as balances gear up for the second half; US natural gas: Front rally warranted? Firing on all cylinders; expecting eight blockbusters by YE2015 New dots on the plot at this week's FOMC meeting Commodities Weekly Avoid the herd; Winner takes all Consolidation of Kion stake to have no net earnings impact; Sell H