Corn Retreating Early on Monday
Corn futures declined early Monday as improving weather forecasts and crude oil losses pressured prices, though front-month contracts recovered from initial lows.
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.
Abbott Laboratories fell after the company reduced full-year guidance due to the Exact Sciences acquisition and faced litigation concerns related to infant formula, overshadowing strong medical devices and pharma results.
Coca-Cola reported second-quarter earnings and revenue exceeding Wall Street expectations, raising its full-year forecast, with CEO crediting World Cup marketing for boosting demand across its beverage brands.