Commodities
Corn futures rise as USDA lowers crop condition to 60% good-to-excellent
Chicago Board of Trade corn futures gained 2.75 cents to $4.9225 per bushel after USDA reported a 1-point drop in crop condition ratings amid dry conditions in top-producing states.
Monterey Car Week auctions hit $748m record on rare supercar sales
Five major auction houses sold collector cars worth $747.9m in Monterey, with top lots like a 1964 Shelby Cobra Daytona Coupé fetching $42.9m and a Ferrari Luce Tailor Made Sedan commanding $40m.
Ramaco Resources, Bedrock Semiconductor agree gallium supply MOU
Non-binding deal targets critical mineral supply from Wyoming mine to support domestic semiconductor production amid heavy Chinese reliance. Future offtake terms remain contingent on due diligence and project development.
Indian bond yields rise 5 bps as oil tops $92 and RBI unwinds swap facility
Benchmark 10-year yield climbs to 6.8269% as Brent crude nears $92 per barrel and the Reserve Bank of India closes a $50 billion foreign-currency swap scheme early.
Floating-rate bond ETFs outperform as yields rise in 2026
Top-performing bond ETFs in 2026 focus on floating-rate and ultra-short strategies, avoiding duration risk amid rising Treasury yields. Key picks include USFR, JAAA and JPST.
XCF Global starts commercial renewable diesel shipments from Reno plant
First deliveries from the 38 million-gallon-per-year New Rise Renewables Reno facility total 55,000 gallons daily, marking the transition to full commercial operations.
Brent crude nears $92 as geopolitical risks revive $100 target debate
Geopolitical tensions in the Strait of Hormuz and Red Sea have tightened global oil supply, pushing Brent toward $92 a barrel. Analysts warn of potential spikes above $100 if risks persist.
Select Water Solutions secures 12-year water deal in Delaware Basin
Contract expansion adds 256,000 acres and $100-$120 million in infrastructure investment, with operations slated for late 2027. Total coverage now reaches 875,000 acres.
US rail traffic growth slows in latest week: Goldman Sachs
Total carload growth fell to 2.4% year-over-year from 5.7% the prior week, with intermodal volumes up 3.0% and non-intermodal up 1.7%.
Goldman Sachs upgrades protein market outlook ahead of Hormel Foods earnings
Pork and beef cutout prices fell in July while packer margins diverged. Analysts see improving conditions for Hormel Foods ahead of its August 27 earnings release.
Lonza completes decade-long mercury cleanup in Swiss Valais
Pharmaceutical group removes 3.5 tonnes of mercury from 170,000 sq m of contaminated soil in Upper Valais after 10-year remediation effort costing 51 million francs.
Gold dips to key support as Iran tensions cloud outlook
Futures under pressure after Trump says no Iran talks; technical breakdown below $4,444 could extend losses. Strait of Hormuz risks remain elevated.
Gold price seen hitting $8,000 if bull flag pattern holds
Technical analysis points to a potential surge in gold to $8,000 as a long-term bull flag pattern suggests further upside. Silver and mining stocks also show strong technical signals.
Canada’s Pipeline Ambitions Depend on Uncertain Output Expansion
Projections for future Canadian energy infrastructure development rely heavily on whether domestic crude production can sustain long-term growth.
Brent Oil Holds Above $90 as PSP Swiss Property Reports Strong Half-Year
Brent crude prices sustain levels above $90 per barrel amid potential conflict escalation risks, while PSP Swiss Property posts solid first-half results.
Gold Trades Within Narrow Five-Day Range Between $4,310 and $4,449
Gold prices remain confined to a sideways range, trading between $4,310 and $4,449 over a five-day period.
Iran States Strait of Hormuz to Remain Closed Until U.S. Meets Interim Deal Terms
Tehran has announced that the strategic Strait of Hormuz will stay shut until the United States fulfills conditions outlined in an interim agreement.
Wolfe Research Expects Stable Oil Prices Amid US-Iran Standoff
Analyst firm Wolfe Research projects that crude oil prices will remain steady despite ongoing geopolitical tensions between the United States and Iran.
US Stock Futures Decline as Fading Iran Peace Hopes Boost Oil and Bond Yields
U.S. stock futures moved lower as diminishing expectations for a peace resolution involving Iran drove up crude oil prices and Treasury yields.
Iran States Strait of Hormuz Will Stay Closed Until U.S. Meets MoU Conditions
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that the Strait of Hormuz will remain closed until the United States fulfills conditions outlined in a memorandum of understanding.
Brent Crude Holds Above $90 Amid Geopolitical Risks
Brent oil prices remain elevated above $90 per barrel, with potential for triple-digit figures if geopolitical conflicts escalate further.
European Gas Extends Winning Streak on Strait of Hormuz Freeze
European natural gas prices climbed for a fifth consecutive session amid intensifying supply concerns stemming from the Strait of Hormuz.
German Farmers Report Poor Harvest Following Prolonged Drought
Weeks of intense heat and persistent dryness severely damaged agricultural yields across Germany this year, according to the German Farmers' Association.
Oil Prices Extend Gains Amid Growing Supply Concerns
Crude oil futures advanced further as market participants weighed ongoing supply apprehensions.