Cotton Holds onto Gains on Monday
Cotton futures were up 9 to 37 points across most contracts on Monday. Crude oil was up another 65 cents per barrel, with the US dollar index up 0.209.
Finance & markets
Cotton Holding Higher at Monday’s Midday
Cotton futures are up 34 to 63 points so at Monday’s midday. Crude oil is up another 24 cents per barrel, with the US dollar index up 0.239.
SpaceX slides further down the ranks of large companies as it’s overtaken by Meta
Broadcom shares fell 18% in three days, shedding over $300 billion in market capitalization following its earnings report. Despite strong revenue and AI chip growth, management's warning of declining gross margins and u…
Americans are skipping lettuce and salads as investigation into cyclospora outbreak continues
Cyclospora, a parasite that causes “explosive” diarrhea, has surged to unusually high levels this year, as dozens of states face outbreaks and authorities race to investigate the source.
Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
When Donald Trump ran for president in 2024, he promised to get gas prices below $2 a gallon “within 12 months.” That sounded good to an electorate unhappy about the high cost of living; Mr. Trump secured his second ter…
The FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blame
The Food and Drug Administration's reversal on a key piece of its cyclosporiasis investigation has sparked confusion in the U.S., but the agency said Monday that it has not changed its main conclusions about the outbrea…
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn't buy either equities or long-dated U.S. Treasurys at their current prices.
Cocoa Prices Pressured by Dollar Strength and Rising ICE Inventories
September ICE NY cocoa (CCU26) on Monday closed down -13 (-0.23%), and September ICE London cocoa #7 (CAU26) closed up +1 (+0.02%).
Broader Market Boosted by Chipmaker Strength
The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.51%. September E-mini S&P futures (ESU26) are up +0.20%, …
Hogs Trading Mixed on Monday
Lean hog futures are mixed at midday, with most contracts within 35 cents of unchanged. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 50 cents higher on …
Wheat Showing Modest Monday Morning Strength
Wheat is trading with modest 2 to 5 cent gains so far on Monday. The wheat complex was in rally mode to close out the week, finishing higher in all three exchanges. Chicago SRW contracts were 4 ¾ to 9 ½ cents higher acr…
Stocks Edge Higher as Chipmakers Rebound
The S&P 500 Index ($SPX) (SPY) today is up +0.46%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.86%. September E-mini S&P futures (ESU26) are up +0.43%, …
Trump administration's head of AI safety agency resigns after 3 months on job
Chris Fall, the head of the Center for AI Standards and Innovation, resigned from his role as director just three months after he was picked for the job by the Trump administration, CNBC confirmed on Monday.
Sen. Darline Graham running for full term to replace late brother Lindsey Graham
South Carolina Sen. Darline Graham announced Monday that she will seek a full, six-year term to replace her brother, Lindsey Graham, in the Senate.
Trump orders tightening of defense supply chain waiver rules
The White House says the order restricts waivers that previously allowed defense contractors to use banned foreign minerals in military supply chains.
Dollar Supported by Higher T-Note Yields and Crude Prices
The dollar index (DXY00) rose by +0.18% on Monday. The dollar strengthened on Monday as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prom…
Nat-Gas Prices Weaken on Tropical Storm Risk
Nat-gas prices retreated on Monday and are just above last Thursday’s 2-month low. Prices are under pressure amid concern that a tropical depression will become Tropical Storm Bertha and disrupt liquefied natural gas (L…
Trump imposing 50% tariffs on certain Canadian goods over alleged trade discrimination
The U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday.
Why cheap Chinese AI models could actually be a boon for Nvidia, Micron and other chip stocks
AI stocks continue to interest investors, thanks to industry momentum and appealing valuations.
Paramount and Warner Bros. merger hit with temporary restraining order
Paramount Skydance's proposed acquisition of Warner Bros. Discovery hit its first official roadblock when a judge granted a temporary restraining order on the merger as part of a lawsuit brought by state attorneys gener…
Delays to Brazil’s Harvest Push Coffee Prices Higher
Coffee prices moved higher on Monday amid a delay in Brazil’s coffee harvest. Last Friday, Safras & Mercado reported that Brazil’s 2026/27 coffee harvest is 64% complete as of July 15, behind last year’s comparable leve…
Sugar Prices Consolidate Recent Losses
March NY world sugar #11 (SBH25) today is down -0.03 (-0.14%), and March London ICE white sugar #5 (SWH25) is up +0.60 (+0.11%).
Wheat Facing Mixed Action at Midday
The wheat complex is mixed on Monday, with winter wheat facing weakness. Chicago SRW contracts are 4 to 5 cents in the red. KC HRW futures are down 4 to 5 cents. MPLS spring wheat is the stronger point of the complex, u…
Corn Posting Gains at Monday’s Midday
Corn futures are up 6 to 7 cents across most contracts on Monday. The CmdtyView national average Cash Corn price is up 6 1/2 cents at $4.20 1/2.