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US Biofuels Update: Soybean Futures Ease as Improved US Crop Ratings Temper Weather Concerns

Biofuels feedstock futures closed mixed on Tuesday, with soybean futures and soybean oil ending lower as follow-through selling emerged after traders judged improved US crop ratings had already priced in near-term weather risk.The Chicago Board of Trade August soybean futures contract closed 0.33% lower at $11.92 3/4 per bushel, while the CBOT August soybean oil futures contract settled 0.58% lower at 72.40 cents per pound.The Nymex August ethanol futures contract settled 0.26% higher on Tuesday at $1.965 per gallon.August soybean futures lost ground after failing to sustain a move above the key $12 level, while weaker soybean oil prices added pressure. Even so, futures remain supported ahead of a critical weather period for US crops, according to DTN analyst Rhett Montgomery.The US Department of Agriculture rated 65% of the US soybean crop in good-to-excellent condition, up 1 percentage point from the week before but still below the same level last year.Traders are expected to use the ratings as a benchmark ahead of hotter and drier weather, Montgomery.State conditions were mixed, with Kentucky and Ohio posting some of the largest weekly improvements. Illinois' good-to-excellent rating fell 2 percentage points to 56%, while poor-to-very-poor ratings rose two points, Montgomery said.Iowa's soybean crop was rated 74% good-to-excellent, while Minnesota led the top-producing states at 81%, underscoring uneven crop conditions across the US.Pod setting reached 19% of the US soybean crop, ahead of the seasonal pace. Demand remained firm as China increased soybean purchases, despite Tuesday's end of a four-session streak of reported export sales, according to Montgomery.Brazil's National Supply Company, also known as Conab, raised its 2026 soybean production forecast to a record 180.6 million metric tons, broadly matching the USDA's latest outlook, Montgomery added.Brazil and the US remain closely matched in new-crop soybean export offers, with the US holding a slight pricing advantage.

Sectors27d ago

Sector Update: Healthcare Stocks Fall Late Afternoon

Healthcare stocks fell late Tuesday afternoon with the NYSE Healthcare Index declining 1.7% and the State Street Health Care Select Sector SPDR ETF (XLV) dropping 1.9%.The iShares Biotechnology ETF (IBB) shed 0.4%.In corporate news, the US Justice Department recently sent civil investigative demands, which are similar to subpoenas, to lawyers for a group of hospitals and doctor groups suing Claritev (CTEV) for alleged antitrust violations, Bloomberg reported. Claritev shares fell 5.1%.HCA Healthcare (HCA) shares dropped 7.2% after the company lowered its 2026 adjusted diluted EPS guidance. Stephens cut its price target on the stock to $480 from $500, while keeping its overweight rating.IM8, a nutritional supplements company co-founded by Prenetics Global (PRE) and David Beckham, has lined up about $1 billion in growth financing from General Catalyst, Bloomberg reported. Prenetics shares jumped 17%.NextCure (NXTC) shares almost tripled after the company agreed to merge with privately held Avere Therapeutics in an all-stock deal.

$CTEV$HCA$NXTC$PRE

Sectors27d ago

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%. The Philadelphia Semiconductor index climbed up 2.9%.In corporate news, the US has approved purchases of advanced AI chips from Nvidia (NVDA) and Advanced Micro Devices (AMD) by a ZTE unit and two other Chinese firms, Reuters reported. Nvidia shares gained 3.8%, and AMD added 2.6%.CleanSpark (CLSK) has signed a 20-year infrastructure lease agreement with a global technology firm for its Sandersville, Georgia, data center campus in a deal expected to generate about $6.6 billion in contracted revenue over the initial term, the company said Tuesday. CleanSpark shares jumped past 8%.IBM (IBM) shares tumbled past 24% after its preliminary Q2 results fell short of market expectations, with Chief Executive Arvind Krishna calling the performance "disappointing."Oaktree Capital Management-backed Pure Data Centres is building a data center campus in Finland that is expected to be used by customers including Microsoft (MSFT), Bloomberg reported. Pure Data Centres is investing 1.5 billion euros ($1.7 billion) in the first phase of the project, the report said. Microsoft shares were down 1.4%.

$AMD$CLSK$IBM$MSFT$NVDA

Wire27d ago

Ohio Valley Banc Keeps Quarterly Dividend at $0.25 a Share, Payable Aug. 10 to Holders of Record July 24

$OVBC

Insider Trading27d ago

Cytokinetics Insider Sold Shares Worth $615,150, According to a Recent SEC Filing

Robert I Blum, Director, President & CEO, on July 13, 2026, sold 7,500 shares in Cytokinetics (CYTK) for $615,150. Following the Form 4 filing with the SEC, Blum has control over a total of 381,986 common shares of the company, with 377,820 shares held directly and 4,166 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1061983/000106198326000077/xslF345X05/form4.xmlPrice: $81.68, Change: $-0.56, Percent Change: -0.68%

$CYTK

Sectors27d ago

Sector Update: Financial

Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%.The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.Bitcoin (BTC-USD) was gaining 3.6% to $64,499, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.585%.In corporate news, Switch, a data center operator, has hired Goldman Sachs (GS) and JPMorgan Chase (JPM) as lead underwriters for an IPO that could raise up to $10 billion as soon as Q4, valuing the company at roughly $80 billion, including debt, Reuters reported. Separately, Goldman's Q2 results topped Wall Street's estimates as a record performance in the global banking and markets business propelled its revenue growth. JPMorgan reported Q2 results above market expectations on Tuesday, driven by higher investment banking fees and markets revenue. Goldman shares rose past 8%, and JPMorgan added 2.3%.

$GS$JPM

Sectors27d ago

Sector Update: Energy

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.2%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil rose 2% to $79.70 a barrel, and the global benchmark Brent crude contract gained 2.4% to $85.30 a barrel. Henry Hub natural gas futures increased 0.7% to $2.92 per 1 million BTU.In corporate news, Thomas Barrack, US special envoy for Syria and Iraq, has held talks with officials from both countries as well as Chevron (CVX) and other companies about reviving a defunct pipeline running from Iraq to the western coast of Syria, Bloomberg reported. Chevron shares were down 0.1%.

$CVX

US Markets27d ago

Apple Price Hikes Could Hit Fiscal 2027 Results, KeyBanc Says in Downgrade

Apple's (AAPL) fiscal 2027 financial results could take a hit largely amid expectations of slowing product unit growth in the light of price hikes, KeyBanc Capital Markets said in a note e-mailed Tuesday.The technology giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs."With Apple raising prices for iPad and Mac, and broad expectations for price increases on iPhone, we think this will likely put the unit growth outlook in slowing/declining territory," KeyBanc analysts Brandon Nispel and John Vinh said in a note to clients. "We think (that) given the correlation of Apple users to services, as unit volumes slow, so will the growth in Apple's services business."The brokerage cut its fiscal 2027 net earnings expectations for the company to $9.08 a share from $9.30 and its revenue outlook to $502.48 billion from $502.62 billion. Wall Street is looking for $9.65 and $518.79 billion, respectively, according to the note.KeyBanc downgraded its rating on the Apple stock to underweight from sector weight, with a $250 price target.The company's shares were down 0.5% in Tuesday late-afternoon trade. The stock has jumped 16% so far this year."We see US carriers pulling back on device subsidies, slowing upgrade rates, and international likely needing to carry more weight, which gets difficult in a rising price environment where we think consensus iPhone growth of 8% in (2027) is too aggressive," Nispel and Vinh said.However, Apple's near-term numbers appear "fine," the analysts wrote."Consumers are generally savvy shoppers for these types of products, and we suspect some pull-in of demand in the (near term), though our concerns become the level of elasticity of demand given the broad range of price increases that Apple is pushing through the system to protect margins from higher costs," Nispel and Vinh wrote.The company is scheduled to report third-quarter results July 30.Price: $315.35, Change: $-1.96, Percent Change: -0.62%

$AAPL

Sectors27d ago

Update: WTI Oil Extends Rally as US-Iran Fighting Threatens Persian Gulf Supply

(Updates prices in the second paragraph.)West Texas Intermediate (WTI) crude oil rose for a second day on Tuesday as renewed fighting between the US and Iran again threatens to keep Persian Gulf supply off the market.WTI crude oil for August delivery closed up $1.20, or 1.5%, to settle at $79.34 per barrel, the highest since June 15, while September Brent oil was last seen up $1.34, or 1.6%, to $84.64.Oil is now up 11% in the past two days after Iran and the US renewed fighting on the weekend as they dispute control over the Strait of Hormuz, the chokepoint for 20% of daily oil demand supplied by Persian Gulf nations prior to the Feb. 28 start to the war.Iran attacked three tankers in the Strait and launched strikes against US targets in neighboring countries overnight, the Wall Street Journal reported, while the US carried out five hours of strikes on Iranian targets and re-imposed a blockade of Iranian ports.Iran has again declared the Strait closed, while the US President Trump on Monday said it remains open while announcing plans to impose a 20% toll on shipping through the waterway as a protection fee.The fighting has again kept shipping through the Strait limited, with hormuzstraitmonitor.com reporting just 11 ships have move through the waterway in the past 24 hours, under the daily average of 60 ships."Oil prices jumped almost 10% on Monday - their biggest one-day gain in more than three months - after President Trump reinstated the blockade on Iran and demanded a 20% toll on all cargo passing through the Strait of Hormuz. Brent extended its advance during the Asian session, rising a further 1.1% to USD 85 per barrel for the first time in a month, supported by short covering from wrong-footed traders and renewed concerns over Persian Gulf supply," Saxo Bank wrote.

$CLQ6$LCOU6$USO

Sectors27d ago

Sector Update: Consumer

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.In corporate news, Lucid (LCID) confirmed it is working with restructuring adviser AlixPartners but that industry rumors of a possible bankruptcy are "completely false," Bloomberg reported. Lucid shares fell 13%.

$LCID

Sectors27d ago

Sector Update: Tech

Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index climbed 2.9%.In corporate news, Oaktree Capital Management-backed Pure Data Centres is building a data center campus in Finland that is expected to be used by customers including Microsoft (MSFT), Bloomberg reported. Pure Data Centres is investing 1.5 billion euros ($1.7 billion) in the first phase of the project, the report said. Microsoft shares were down 1.3%.

$MSFT

Sectors27d ago

Sector Update: Healthcare

Healthcare stocks were lower late Tuesday afternoon, with the NYSE Healthcare Index down 1.7% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 1.9%.The iShares Biotechnology ETF (IBB) was down 0.4%.In corporate news, IM8, a nutritional supplements company co-founded by Prenetics Global (PRE) and David Beckham, has lined up about $1 billion in growth financing from General Catalyst, Bloomberg reported. Prenetics shares rose 15%.

$PRE

Wire27d ago

Update: Lucid Denies Rumors of Exploring Bankruptcy Filing

(Updates with Lucid statement in the headline and in the first to third paragraphs, and stock move in the last paragraph.)Lucid Group (LCID) on Tuesday denied rumors of exploring a potential bankruptcy filing."The rumors are completely false," the company said in an emailed statement to. Lucid said it has "sufficient liquidity to carry its operations well into next year" and has not created a special board committee to assess the scenarios reported.Lucid added that restructuring adviser AlixPartners is assisting with liquidity management "and nothing else" and "has not recommended bankruptcy to management or the board."EV earlier reported, citing two people familiar with the matter, that AlixPartners was evaluating strategic options, including taking Lucid private or pursuing Chapter 11 bankruptcy protection, and would present its findings to the company's board before its next meeting.Shares of Lucid fell 13% in Tuesday afternoon trading.Price: $4.59, Change: $-0.92, Percent Change: -16.70%

$LCID

Wire27d ago

Progressive Shares Fall After JPMorgan Downgrade

Progressive (PGR) shares fell 3.2% in Tuesday trading after JPMorgan downgraded the stock to neutral from overweight.Intraday trading topped 1.5 million shares, compared with the daily average of almost 3.16 million.Price: $227.06, Change: $-7.42, Percent Change: -3.16%

$PGR

Wire27d ago

Eli Lilly Wins Full FDA Approval for Selpercatinib in Solid Tumors

Eli Lilly and Company (LLY) on Tuesday received traditional approval from the US Food and Drug Administration for its drug selpercatinib, Retevmo, to treat adult and pediatric patients two years and older with locally advanced or metastatic solid tumors carrying a RET gene fusion, a genetic alteration that can drive tumor growth.The approval applies to patients who have progressed on prior treatment or have no satisfactory alternative options, as detected by an FDA-approved test.The drug previously held accelerated approval for this indication, the notice said.In a trial of 75 patients with RET fusion-positive tumors outside of lung and thyroid cancer, the drug showed a 47% overall response rate, or share of patients whose tumors shrank significantly, with a median response duration of 24.5 months.The FDA approved the application two months ahead of schedule, and the drug holds orphan drug designation for this tissue-agnostic indication, meaning it applies regardless of where the tumor originated.Price: $1155.18, Change: $-26.69, Percent Change: -2.26%

$LLY

Wire27d ago

CoStar Shares Fall After Baird Downgrade

CoStar (CSGP) shares fall 3.7% in Tuesday trading after Baird downgraded the stock to neutral from outperform and adjusted the price target to $34 from $48.Trading volume stood at over 9.7 million shares compared with a daily average of about 7.4 million.Price: $27.72, Change: $-1.06, Percent Change: -3.67%

$CSGP

Wire27d ago

Brown & Brown Faces Tough Property Quarter With Relief Expected in Q3, Truist Says

Brown & Brown's (BRO) Q2 could be pressured by escalating declines in coastal property and a higher mix of property renewals, but this headwind should abate in Q3, supporting better organic growth in the second half, Truist Securities said in a note Tuesday.The company is scheduled to report its Q2 results on July 27, after the close of the market.Florida excess and surplus commercial property premium per policy fell below the 25-year average in Q2, creating a headwind for Brown & Brown's organic growth, as Q2 experiences double the seasonal renewal volume in Florida commercial property compared with Q1, according to the note.Truist said the company's valuation has more than overcorrected for the weakness in coastal property, even as the wider property line has been much more stable.The brokerage lowered its Q2 organic growth estimate to 0.0% from 0.5% and its EPS estimate to $1.09 from $1.10.Truist kept its buy rating on the stock with a price target of $90.Price: $68.15, Change: $-1.06, Percent Change: -1.53%

$BRO

Wire27d ago

Update: Market Chatter: DOJ Expands Antitrust Probe Into Claritev

(Updates with Claritev's response in the fourth paragraph.)The US Justice Department recently sent civil investigative demands, which are similar to subpoenas, to lawyers for a group of hospitals and doctor groups suing Claritev (CTEV) for alleged antitrust violations, Bloomberg reported Tuesday, citing people with knowledge of the matter.The lawsuits accuse the healthcare technology firm of conspiring with UnitedHealth Group (UNH), CVS Health's (CVS) Aetna and Cigna Group (CI) and other health insurers to lower reimbursements for out-of-network services, the report said."We decline to comment on any matters before the DOJ, according to longstanding policy," a DOJ spokesperson told. "However, we can affirm that under the Trump Administration this DOJ will continue to prioritize affordability for all Americans across our economy.""Claritev previously disclosed both the closure of the DOJ's criminal antitrust investigation and the company's receipt of a civil investigative demand ("CID")," a Claritev spokesperson said in an emailed statement to. "The CID does not make findings or allegations, and Claritev is fully cooperating with the DOJ in providing the information it seeks."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $28.59, Change: $-1.26, Percent Change: -4.21%

$CI$CTEV$CVS$UNH

Wire27d ago

Skyworks Solutions Shares Fall After KeyBanc Downgrade

Skyworks Solutions (SWKS) shares fell 1.6% in Tuesday trading after KeyBanc downgraded the stock to sector weight from overweight.Trading volume stood at over 2.2 million shares compared with a daily average of nearly 5.1 million.Price: $57.30, Change: $-0.94, Percent Change: -1.61%

$SWKS

Wire27d ago

Almonty Extends Offtake Agreement With Global Tungsten

Almonty Industries (ALM) said Tuesday it has amended an offtake agreement with Global Tungsten & Powders for tungsten concentrate from Phase I of its Sangdong Mine in South Korea.The amendment extends the contract term to 21 years from 15 years and increases the total contracted volume by 40% to 4.4 million metric tonne units, the company said.The revised deal also improves the pricing on all contracted volumes by about 6.3% and expands the anticipated annual contract revenue by at least $30 million, it added.The agreement covers about 90% of Phase I tungsten concentrate production from the mine, the company said. Global Tungsten is a member of Austria's Plansee Group.Shares were up over 4% in afternoon trading.Price: $15.74, Change: $+0.73, Percent Change: +4.83%

$ALM

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Commodities27d ago