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
Corn futures held above $4.3 per bushel, moving near one-month highs, supported by higher crude oil prices and improved US crop conditions. The USDA confirmed 68% of the nation’s corn crop was in good or excellent shape, up from 67% a week earlier, as the risk of hot and dry weather loomed. Hot and mostly dry weather was forecast for the western half of the US Midwest crop belt this week and potentially extending into next week, threatening crop yield potential. Additionally, the agency reported export inspections of US corn in the latest week at 1,539,718 tons, towards the high end of trade expectations for 1,100,000 to 1,600,000 tons. Overseas, persistent heat and drought also reduced yield prospects in France, with the USDA forecasting the country’s smallest corn harvest in more than 30 years. Meanwhile, crude oil prices continued to rise after US President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure in the region.
