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 prices fluctuated around $6.40 per bushel, remaining more than 10% below the two-year high of $7.08 on July 22, as weaker Russian prices, subdued international demand and alternative export routes eased concerns over Black Sea disruptions. Hopes for progress in negotiations to restore shipping through the Strait of Hormuz also improved broader market sentiment, after Pakistan said the US and Iran were “close to some sort of arrangement” to reduce tensions. However, risks to grain exports remain as Ukraine and Russia continue to target each other’s shipping routes. Ukraine has lowered its 2026/27 grain export forecast by up to 12% from its previous estimate, while Russia’s wheat export outlook has also been reduced. Consultancy IKAR cut its forecast for Russian wheat exports to 44.5 million tonnes, while Sovecon expects August shipments to reach their lowest level in a decade. Traders now await the US government’s latest crop forecasts on Wednesday.
