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Volkswagen reported weaker-than-expected second-quarter profits and abandoned its growth forecast for 2026 as the company prepares to cut up to 100,000 jobs and potentially close German factories.
Soybean futures declined 32-35 cents Monday morning amid wetter weather forecasts and lower crude oil prices, following Friday’s gains led by August and November contracts.
Corn futures declined early Monday as improving weather forecasts and crude oil losses pressured prices, though front-month contracts recovered from initial lows.
Lean hog futures rose Friday with August contracts up $1.20 on the week, while cold storage data showed pork stocks increased 9.44% year-over-year to 458.22 million pounds.
Wheat futures declined across major exchanges early on Monday, with prices slipping 6 to 8 cents as traders took profits ahead of the weekend.
Microsoft, Meta, and Amazon earnings this week could pressure the S&P 500 if they reveal elevated AI spending with no signs of slowing, particularly given recent market concerns about capital expenditure levels.
