Sector Update: Energy Stocks Climb Late Afternoon

Wheat futures rose toward $5.50 a bushel, as traders reacted to tightening global supply signals.

The rally was driven by a second straight week of rising Russian export prices, fueled by concerns over a slower harvest and reduced output in southern Russia.

As the world’s top wheat exporter, Russia plays a key role in shaping global wheat markets, including futures traded on the Chicago Board of Trade.

The country recently lowered its 2025 harvest forecast to 88–90 million tons and cut its 2025/26 export projection to 43–44 million tons, down from 45 million.

These developments sparked renewed supply concerns, lifting prices on both sides of the Atlantic.

Futures rose on the CBOT as well as Europe’s Euronext exchange, reflecting the market’s sensitivity to Russian production outlooks.

Source: CME Group 
 
For previous business day 
PREV TOTAL subject to revisions. Source: CME Group 
 
                      Prev                         Net               Total 
Platinum             Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered         110,332         0        0       0         0    110,332 
Eligible            24,670    13,444        0  13,444         0     38,113 
Total              135,002    13,444        0  13,444         0    148,446 
 
CNT DEPOSITORY, INC. 
Registered           1,246         0        0       0         0      1,246 
Eligible                 0         0        0       0         0          0 
Total                1,246         0        0       0         0      1,246 
 
DELAWARE DEPOSITORY 
Registered           1,584         0        0       0         0      1,584 
Eligible            22,898         0        0       0         0     22,898 
Total               24,482         0        0       0         0     24,482 
 
HSBC BANK, USA 
Registered           1,295         0        0       0         0      1,295 
Eligible             9,282         0        0       0         0      9,282 
Total               10,577         0        0       0         0     10,577 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered           3,394         0        0       0         0      3,394 
Eligible                 0         0        0       0         0          0 
Total                3,394         0        0       0         0      3,394 
 
JP MORGAN CHASE BANK NA 
Registered          44,257         0        0       0    30,105     74,362 
Eligible            51,322         0        0       0   -30,105     21,217 
Total               95,579         0        0       0         0     95,579 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered          44,430         0        0       0         0     44,430 
Eligible            51,257         0        0       0         0     51,257 
Total               95,686         0        0       0         0     95,686 
 
MALCA-AMIT USA, LLC 
Registered             395         0        0       0         0        395 
Eligible                 0         0        0       0         0          0 
Total                  395         0        0       0         0        395 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered           4,178         0        0       0         0      4,178 
Eligible            27,483         0        0       0         0     27,483 
Total               31,661         0        0       0         0     31,661 
 
STONEX PRECIOUS METALS LLC 
Registered           7,404         0        0       0         0      7,404 
Eligible             6,430         0        0       0         0      6,430 
Total               13,834         0        0       0         0     13,834 
 
COMBINED TOTALS 
Registered         218,515         0        0       0    30,105    248,620 
Eligible           193,341    13,444        0  13,444   -30,105    176,679 
Total              411,856    13,444        0  13,444         0    425,300 
 
                      Prev                         Net               Total 
Palladium            Total  Received Withdrawn  Change Adjustment    Today 
ASAHI DEPOSITORY LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
BRINK'S, INC. 
Registered           1,874         0        0       0         0      1,874 
Eligible            12,374         0    2,588  -2,588         0      9,786 
Total               14,248         0    2,588  -2,588         0     11,659 
 
CNT DEPOSITORY, INC. 
Registered              97         0        0       0         0         97 
Eligible                 0         0        0       0         0          0 
Total                   97         0        0       0         0         97 
 
DELAWARE DEPOSITORY 
Registered             788         0        0       0         0        788 
Eligible             3,406         0        0       0         0      3,406 
Total                4,195         0        0       0         0      4,195 
 
HSBC BANK, USA 
Registered             586         0        0       0         0        586 
Eligible             2,023         0        0       0         0      2,023 
Total                2,609         0        0       0         0      2,609 
 
INTERNATIONAL DEPOSITORY SERVICES OF DELAWARE 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
JP MORGAN CHASE BANK NA 
Registered          12,746         0        0       0         0     12,746 
Eligible               728         0        0       0         0        728 
Total               13,474         0        0       0         0     13,474 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered           9,302         0        0       0         0      9,302 
Eligible               102         0        0       0         0        102 
Total                9,404         0        0       0         0      9,404 
 
MALCA-AMIT USA, LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
MANFRA, TORDELLA & BROOKES, LLC 
Registered           2,116         0        0       0         0      2,116 
Eligible             5,555         0        0       0         0      5,555 
Total                7,671         0        0       0         0      7,671 
 
STONEX PRECIOUS METALS LLC 
Registered               0         0        0       0         0          0 
Eligible                 0         0        0       0         0          0 
Total                    0         0        0       0         0          0 
 
COMBINED TOTALS 
Registered          27,508         0        0       0         0     27,508 
Eligible            24,189         0    2,588  -2,588         0     21,601 
Total               51,697         0    2,588  -2,588         0     49,109 
 
Write to Rodney Christian at csstat@dowjones.com 

U.S. natural gas futures add to yesterday's losses with focus on weather and cooler temperature forecasts for August, while LNG feedgas flows remain choppy. Slightly lower production estimates were seen limiting the decline, while prices further out the curve were more buoyant. "The January contract is essentially already testing support, sitting at its lowest level since late spring," Gary Cunningham of Tradition Energy says in a note. "That could be a buying signal for some physical buyers hedging winter exposure such as utilities or larger retail suppliers." The Nymex front month settles down 2.2% at $3.252/mmBtu. (anthony.harrup@wsj.com)

Live cattle futures drop 0.3%% to $2.215 a pound, backing away from record-highs set earlier this month. Consumer demand patterns still look to support higher beef prices throughout the rest of the year, says Lance Zimmerman of Rabobank in a note. U.S. consumers are on pace to consume 60 pounds of beef per person, the highest since 2009, Zimmerman says. Tariff threats don't appear to be derailing this demand, nor is record-high prices, he adds. Lean hogs finish down 0.6% to 90.675 cents a pound. (Kirk.maltais@wsj.com)

Oil futures fall for a third consecutive session with the market turning its focus to the deadline for U.S. tariffs to go into effect and the next OPEC+ meeting to decide on production levels for September. "The August 1 tariff deadline looms large on the horizon as a possible demand destruction event," Mizuho's Robert Yawger says in a note. Meanwhile, OPEC+ needs to add 281,000 barrels a day in September to complete the unwinding of 2.2 million b/d, but "there is speculation the OPEC 8 will add even more barrels. There is zero speculation they will add less," he adds. August WTI goes off the board at $66.21 a barrel, down 1.5%, and the September contract falls 1% to $65.31. Brent settles down 0.9% at $68.59. (anthony.harrup@wsj.com)