S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Wheat fell below $7.30 per bushel, easing from over a three-year high, amid expectations of a peace agreement between Russia and Ukraine. President Putin stated there was a chance of a peace agreement to end the war with Ukraine, which triggered profit taking by traders. The EU also stated it was looking into “all possible lanes” to support grain exports from Ukraine, citing concerns over food security. As Ukraine and Russia account for more than a quarter of global exports, nearly two months of persistent attacks on commercial vessels in the Black and Azov seas raised concerns over further grain supply disruptions. The conflict resulted in a decline in wheat exports from Russia by more than 50%, which suspended its floating export duty on wheat through the end of 2026, and from Ukraine by 34% in 2026 so far. The disruption adds to the pressures building within global food commodities amid adverse weather and higher fertilizer and fuel prices due to the conflict in the Middle East.
