SanDisk (SNDK) reported fiscal Q3 datacenter memory revenue of $1.47 billion, up 233% sequentially, driven by demand tied to AI inference, reasoning tasks and agentic systems. The company said it signed three long-term supply contracts in Q3 with minimum contractual revenue of about $42 billion, supported by financial guarantees exceeding $11 billion. Even so, the stock is down more than 45% from its all-time highs, though the company’s outlook still points to continued growth.

Wheat futures fell across the three major U.S. exchanges into the end of July, with front-month contracts down 23–28 cents. Export Sales data put total 2026/27 wheat sales at 6.979 MMT, or 33% of USDA’s current export estimate, trailing the 39% average pace. In France, the soft wheat harvest was listed as complete, with 65% rated good/excellent as of July 27, according to FranceAgriMer.

Sugar futures strengthened as India’s monsoon outlook dimmed and signs of tighter supply emerged. India’s cumulative monsoon rainfall was 13% below normal as of July 31, and officials lowered the June–September season forecast to 90% of the long-term average. In Brazil’s Center-South, 2026/27 sugar output through May totaled 6.838 MMT, down 2.0% y/y, while global 2026/27 human sugar consumption is projected to reach a record 179.991 MMT, up 0.4% y/y. The combination supported gains in raw and white sugar contracts.

Arabica coffee futures jumped 2.40% on Thursday, helped by tightening ICE exchange inventories. Heavy rain in Brazil’s Minas Gerais—reaching 2700% of the historical average—has slowed harvesting, leaving Cooxupe and the national harvest pace behind last year and the five-year average. The combination has increased near-term supply pressure.

U.S. cotton futures extended their rally, with the most-active contracts rising 89–139 points on Thursday and the October contract settling at 79.41 cents per pound. Weekly new-crop export sales totaled 352,447 running bales (RB), the highest of the marketing year, led by Vietnam with 245,500 RB. The U.S. dollar index fell 0.914, while crude oil slipped 50 cents per barrel. ICE certified cotton stocks were unchanged at 90,699 bales.

Nasdaq 100 futures (NQU26) rose 1.12% in early trading after Amazon’s Q2 results beat expectations and AWS posted a fifth straight quarter of faster revenue growth. Storage-chip names also surged, with SanDisk up about 26% and Micron Technology up more than 18%, supporting broader strength in AI infrastructure-linked stocks. The move directly lifted Nasdaq 100 index futures and related constituents.

The European Commission lowered its 2024/25 EU wheat production forecast to 124.4 million metric tons, down 1.9 million from its prior estimate. In the U.S., weekly wheat export sales totaled 285,000 metric tons, led by Indonesia (70,000) and the Philippines (60,000). With supply tightening and export demand improving, wheat futures in Chicago, Kansas City, and Minneapolis all ended higher, with deferred contracts up 6–10¼ cents.

U.S. corn futures and cash prices were fractionally lower at midday Thursday, with both nearby contracts and new-crop cash posting small declines. Forecasts call for 1 to 2 inches of rain over the next 7 days across key Midwest and Northern Plains areas, which could improve soil moisture. Weekly export sales for 2025/26 totaled 362,916 MT, within trade expectations, while 2026/27 bookings were reported at 1.062 MMT and above the trade range.

Intel released its second-quarter results on July 23, 2026, reporting revenue of $16.1 billion, up 25% year over year and its strongest quarterly growth in 15 years. The figure sharply exceeded the market expectation of $14.4 billion. Data Center and AI (DCAI) revenue rose 59% to $6.3 billion, while Client Computing revenue increased 13% to $8.9 billion. The results point to a marked improvement in the fundamentals of Intel’s core legacy asset, INTC stock.