State Bank of India expects a one-off gain of about ₹13,655 crore from reducing its stake in SBI Funds Management and selling shares in the National Stock Exchange. The proceeds are set to flow through other income, boosting net worth and adding roughly 27–30 basis points to the bank’s capital adequacy ratio. The stronger capital buffer could help SBI increase expected credit loss (ECL) provisions and support loan growth. SBI’s capital adequacy ratio currently stands at 15.40%, above regulatory requirements.

Thailand’s Energy Regulatory Commission (ERC) has proposed raising the fuel tariff (Ft) to 0.94 baht per kilowatthour from 0.16 baht per kilowatthour, a near fivefold increase that would lift overall electricity prices. The new rate is slated to take effect from September, while the current 3.95 baht per unit tariff will remain through the end of August. The ERC cited an 8% increase in the projected Pool Gas price to 375 baht/mmBtu and the need to gradually repay the Electricity Generating Authority of Thailand (EGAT) for 31.2 billion baht in subsidy-related debt. Public consultation is open until July 20.

Chile’s copper exports totaled US$30.236bn in the first half of 2026, up 11.5% from the same period in 2025, supported by an average price of US$5.94 per pound. Mining shipments reached US$36.888bn and made up 61.1% of total exports, a 20.4% year-on-year increase, according to a foreign affairs ministry report. At the same time, copper output declined, with the mining component of the Monthly Economic Activity Index (Imacec) falling 11.6% year on year in May. The drop reflects issues including lower ore grades, water shortages, unplanned maintenance, processing transitions and rising labor disputes that have affected major mines such as Escondida and Collahuasi.

Soybean futures ended higher, with the USDA reporting a private export sale of 136,000 MT of soybeans to China for 2026/27. NASS crop progress data showed 50% of the U.S. soybean crop was blooming as of 7/12 and 19% was setting pods, both 6 percentage points ahead of normal. NOAA’s 7-day QPF forecast showed little to no precipitation across a swath from the Dakotas south through KS and into parts of MN, IA, IL and MO.

U.S. wheat futures fell across the board on Monday, with the CBOT September contract down 5 cents to $6.3525 per bushel and the KCBT September contract down 10 cents to $6.6625 per bushel. NASS crop progress data showed winter wheat harvest reached 67%, running 6 percentage points ahead of the long-term average. USDA’s weekly export report showed wheat exports of 373,600 tonnes for the week, down 15.97% from the same period a year earlier. Cumulative exports for the current marketing year totaled 1.893 million tonnes, down 17.32% year over year.

ICE cotton futures ended mixed on Monday, with the Oct 26 contract settling at 79.83 cents/lb, down 9 points, while Dec 26 fell 3 points and Mar 27 rose 2 points. U.S. crop progress data showed 60% of the cotton crop squared and 22% setting bolls, while the good/excellent rating slipped to 44%. ICE certified cotton stocks fell 31,480 bales to 127,127 bales. In broader markets, crude oil jumped $6.54 and the U.S. dollar index gained 0.325, while spot cotton trading was light and The Seam’s online sale averaged 76 cents/lb.

The Alberta government said it will provide financial support to oilsands producers to encourage higher output and fill a proposed pipeline to the Pacific Coast capable of carrying a million barrels per day. The plan stems from a broader agreement between federal and provincial governments and five major oilsands companies—Suncor Energy, Canada Natural Resources, Cenovus Energy, Imperial Oil and ConocoPhillips. A central condition is the parallel development of the $16 billion Pathways carbon capture project. The pipeline is estimated to cost $35 billion to $44 billion and does not yet have final approvals or confirmed customers.

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