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 rose to around $4.4 per bushel, attempting to rebound from a four-week low as higher crude oil prices boosted demand for biofuel feedstocks. Reports of renewed attacks in the Strait of Hormuz and the lack of clarity over a deal to reopen the critical waterway drove oil prices higher. Agricultural commodity prices often tracked energy markets due to the growing use of crop-based feedstocks in biofuel production. Meanwhile, expectations of abundant supplies limited gains, with brokerage StoneX projecting the 2026 US corn harvest at 16.16 billion bushels. Additionally, the USDA lowered its good-to-excellent rating for the US corn crop for a third consecutive week, though the deterioration did little to offset the market’s bearish supply outlook. Traders also continued to monitor the Russia-Ukraine conflict and its impact on Black Sea grain exports, although expectations for another large harvest from the region continued to weigh on prices.
