Moderate to heavy rainfall across Brazil’s main coffee-growing regions this week is stoking concern that the 2026 harvest could be delayed. ICE inventories have tightened, with arabica stocks dropping to a 6.75-month low and robusta inventories near a two-year low. Weather risk is also tied to El Niño, with NOAA putting the probability of a “Super El Niño” this year at 67%, which could disrupt the 2026/27 flowering period. Despite USDA projecting record Brazil output in 2026/27, near-term weather disruption and low inventories are providing tangible supply support for coffee futures.

Meta Platforms is dismantling its $2 billion acquisition of Beijing-founded AI startup Manus after China’s National Development and Reform Commission ordered the transaction reversed in April 2026 under its foreign investment security review process. Meta has put a data firewall in place, barred Manus staff from accessing internal systems, and prohibited employees from using Manus tools for internal projects. The company has also begun sunsetting the Manus platform and moving existing work onto Meta systems, a shift that coincided with a slight dip in META shares. Analysts say the company’s $1.44 trillion market capitalization and cash generation leave its broader AI infrastructure plans—such as an India data center partnership and an AMD GPU deal—intact.

Seasonal analysis puts the National Hard Red Winter Wheat (HRW) Index at a seasonal high in the second week of June (June 12), followed by a typical downswing. Based on five- and 10-year tendencies, the HRW cash index and the July/Sep/Dec 2026 futures contracts have averaged declines of 13%–20% in the months that follow, implying downside targets of $4.90–$6.15. Current pricing across those contracts sits roughly mid-channel within that historical downtrend, a clear seasonal headwind.

Corn futures have stabilized around a long-running support level near 440 cents per bushel, a zone that dates back to fall 2024. Attention is turning to the USDA’s June 30 crop acreage report, where traders are watching whether corn plantings are revised down to 94 million acres from expectations near 95 million. If acreage comes in at 94 million, ending stocks could be closer to 1.8 billion bushels, signaling tighter supply. The analysis frames corn’s move as increasingly driven by its own fundamentals rather than crude oil.

Oracle beat Wall Street expectations on both revenue and EPS in fiscal Q4, but its $9.91 billion cloud revenue came in slightly below forecasts. The company also outlined a $40 billion capital-raising plan and reported free cash flow of -$23.7 billion, stoking concerns about the payback on its AI-heavy spending. Oracle shares fell 10% on the day, with the stock trading at a forward P/E of 29.1 times, well above sector averages.

STERIS (STE) reported fiscal Q4 2026 revenue of $1.6 billion, up 7% year over year, with adjusted EPS of $2.83. For fiscal 2026, revenue rose 9% to $5.9 billion and adjusted EPS increased 10% to $10.17, while operating cash flow totaled $1.34 billion and free cash flow climbed 25% to $982.9 million. The company guided for 7%–8% revenue growth and adjusted EPS of $11.10–$11.30 in fiscal 2027 and announced a new $1 billion share repurchase program. The stock is down 18.1% year to date, markedly underperforming the Dow, even as the company’s fundamentals remain solid and its valuation may have room to recover.

September coffee futures (KCU26) have fallen to a 1.5-year low, with the daily chart showing a clear downtrend and bears holding the near-term technical edge. On the fundamental side, record output from top producer Brazil has led to a large global supply surplus that continues to weigh on prices. The analysis says a break below chart support at $2.5000 per pound could open the way toward $2.0000 per pound.

Meta said it will lease a 168-megawatt AI data center that Reliance is building in Jamnagar, India, with delivery expected within two years, a move tied to its 2026 capital-expenditure plan of $125 billion-$145 billion. The company is positioning the capacity to speed deployment of AI inference infrastructure needed to run AI agents at scale. The article also said Meta’s valuation sits below its 10-year average, while analysts rate the stock a “Strong Buy” and see an average price target implying 46% upside from current levels.

The article says ConocoPhillips (COP) shares have moved with oil prices and recently traded around $116.98, off the May 19 close of $125.11 while holding above a recent low of $113.98. It adds that as concerns around the war in Iran have eased, June 2026 WTI crude oil (CLM) futures have rebounded unevenly, keeping put option pricing elevated. Against that backdrop, it highlights that 1-month out-of-the-money put options can offer an annualized-equivalent yield of more than 1%. The piece focuses on a strategy of repeatedly selling and rolling cash-secured puts as a way to capture that premium.