Chicago, Kansas City and Minneapolis wheat futures all fell on Friday, with the most-active contracts down 27.5 to 47.5 cents on the week. Managed money sharply increased net short exposure, lifting the net short position to 71,206 contracts, according to CFTC data. The market is awaiting the USDA’s June Acreage report due Tuesday, with total wheat plantings expected at 43.8 million acres, alongside export sales down 16% year on year and mixed French crop and harvest indicators that add to near-term supply pressure.

The analysis argues that copper is headed for a long-term structural shortage driven by physical limits, geological constraints, and a lack of practical engineering substitutes. It points to fast-growing demand from EV motors, industrial automation, and AI data centers adopting liquid cooling, while mine grades decline and new projects take 10–15 years to reach production. It also says scrap recycling is nearing its economic ceiling and notes a monthly refined-copper deficit of -145,000 tons by early 2026. The piece frames the shift as a medium- to long-term reset of supply-demand fundamentals rather than a reaction to short-term events.

Oracle (ORCL) shares fell 2.58% on June 26 after The New York Times reported that OpenAI is considering postponing its IPO to 2027. The report heightened investor concerns that Oracle’s heavy buildout of AI infrastructure tied to OpenAI could take longer to pay off, while increasing debt pressure and uncertainty around when revenue is recognized. Even with a “Strong Buy” Wall Street consensus rating, near-term sentiment toward the stock weakened, and the shares are down more than 40% from their year-to-date high.

Chicago Board of Trade wheat, corn and soybean futures fell Friday, led by a 2.1% drop in the September wheat contract to $5.8875 a bushel. Prices faced seasonal pressure as the Northern Hemisphere winter wheat harvest accelerates. Traders are bracing for USDA reports due Tuesday that are widely expected to be bearish, including higher planted acreage and quarterly stocks above a year earlier. Hot weather threatening European crops offered a counterweight, though trading remained centered on expectations for a strong U.S. harvest.

Oracle shares are under pressure as investors focus on the company’s accelerating spending, nearly $24 billion in negative free cash flow and roughly $130 billion in debt. The growing capital needs tied to its artificial intelligence push are weighing on the stock.

Oil prices fell as expectations of more supply grew after the Strait of Hormuz reopened and Iran was set to lift sales under a 60-day interim deal with the U.S. August Brent futures traded around US$72 a barrel on Friday, the lowest since late February, while Western Canada Select slipped below US$60. Canadian retail gasoline prices, however, stayed elevated at about $1.57 to $1.58 per litre, with inventories depleted during the war and taxes limiting how quickly pump prices can fall, according to Dan McTeague of Canadians for Affordable Energy.

SpaceX completed a record IPO, pushing its valuation to $75 billion and drawing global venture capital attention to space technology. In Europe, satellite operator Eutelsat Communications (EPA: ETL) climbed as much as 41% in a single week, while STMicroelectronics (STM) benefited from rising expectations for low-earth-orbit component demand. STM’s LEO revenue forecast is expected to approach $1 billion in 2026, up from $600 million last year. The article argues that fragmented funding and regulatory hurdles have held back Europe’s space industry, but the IPO is seen as a turning point for capital attention.

September ICE New York cocoa (CCU26) fell 2.90% on Friday, while July ICE London cocoa #7 (CAN26) slid 2.56%. Prices weakened as signs of larger supplies emerged, including a 28% y/y jump in Nigeria’s May cocoa exports to 18,000 tonnes and an upward revision of more than 260,000 tonnes to Ivory Coast port arrivals this season. ICE cocoa inventories also rose to a 1.75-year high of 1.75 million bags. Despite medium- to longer-term support tied to El Niño risks and weak pod formation in West Africa, the near-term supply increase triggered heavy long liquidation.