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Wheat futures retreat Wednesday as Chicago July slips 9 3/4 cents to $5.99 1/2
Wheat futures fell across U.S. markets on Wednesday, led by a 9 3/4-cent drop in the CBOT July contract to $5.99 1/2 per bushel and a 7 1/2-cent decline in the KCBT September contract to $6.45 1/4. Attention is on USDA weekly Export Sales data due Thursday morning, with analysts looking for 250,000 to 600,000 MT of 2026/27 wheat sales for the week of July 2. Traders are also watching Friday’s Crop Production update, with a Bloomberg poll projecting all-wheat output at 1.527 bbu, down 17 mbu from last month. SovEcon trimmed its 2026/27 wheat production estimate by 0.2 MMT to 46.5 MMT.
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Jackdaw operator says UK risks winter gas shortages without approval ahead of 1 October start
The Jackdaw gas field has been completed and is awaiting approval, with production expected to begin on 1 October and supply around 6% of the UK’s winter gas demand. With only about eight days of gas storage, the country faces tighter options if renewables output falls short or supply risks escalate. Regulators are reviewing a revised environmental impact assessment, while the final decision rests with Energy Secretary Ed Miliband.
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Gunkul Engineering posts 24% profit rise as Thailand pushes green-powered data centers
Thai renewable-energy engineering firm Gunkul Engineering is benefiting from the country’s push to develop a hub for green data centers. Net profit in the first quarter of 2026 rose 24% year on year to 456 million baht, while revenue also gained 24% to 2.6 billion baht. The company said it holds more than 100 billion baht in EPC order backlog and expects 2026 revenue to reach 10 billion baht. Founded in 1982 and pivoting into renewables from 2007, the SET-listed company operates across Thailand, Malaysia, Japan and Vietnam.
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