Soybeans Holding Steady on Monday Morning
Soybean futures declined across multiple contract months, with the U.S. Department of Agriculture raising yield and production estimates while adjusting carryout projections for the upcoming crop year.
Soybean futures declined across multiple contract months, with the U.S. Department of Agriculture raising yield and production estimates while adjusting carryout projections for the upcoming crop year.
Corn futures declined early in the week following a monthly crop report showing lower U.S. yields, with December contracts down 6½ cents for the week.
Costco has raised the price of Kirkland Signature synthetic motor oil to $57.99 and limited purchases to two units per week amid global lubricant shortages linked to Middle East conflict and rising crude oil costs.
Stock markets declined as oil prices surged, artificial intelligence stocks fell, and Middle East tensions escalated ahead of the Federal Reserve’s weekly meeting.
CrowdStrike surged more than 11% after reporting record fiscal second-quarter results, with revenue jumping 26% as artificial intelligence security threats drive enterprise demand for its platform.
Oracle reported 30% revenue growth for the latest quarter on strong cloud infrastructure demand, though the stock closed down nearly 2% despite topping estimates. The company carries $125 billion in debt from its AI infrastructure expansion.