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 futures advanced toward $6.50 per bushel in mid-July, reaching their highest level since May 22, as investors weighed mounting geopolitical risks and their potential impact on global grain flows. Ukrainian drone strikes have disrupted shipping in the Sea of Azov, a key route that handles about a quarter of Russia’s grain exports. This has forced Moscow to seek alternative transport routes and switch to other modes of transport. Renewed tensions in the Middle East also provided further support, with concerns over higher fertilizer and fuel costs resurfacing following recent attacks between the US and Iran and uncertainties surrounding the Strait of Hormuz. Meanwhile, the US government cut its 2026/27 wheat production forecast to 41.8 million tonnes, the lowest since 1970, and lowered Canada’s output estimate by 1 million tonnes to 34 million tonnes.
