Wheat Futures Retreat on Harvest Pressure, Profit-Taking

Trading Economics

Wheat futures fell to $5.56 per bushel on Thursday after nearing a two-week high in the previous session, as traders took profits following two days of gains and positioned ahead of the US Independence Day holiday.

The pullback was also driven by advancing US winter wheat harvests, which added seasonal pressure to prices.

Global supply concerns further weighed on sentiment, with sizable crops expected in Europe and the Black Sea region despite recent harsh weather.

In Brazil, heavy rains and frosts delayed planting, with only 56.6% of intended wheat acreage sown by June 21, raising concerns about yield and area.

US wheat export inspections fell 30% year-over-year to 224,787 tonnes, reflecting limited availability.

Severe drought in China’s key wheat-producing regions may cut output by 4–15%, potentially boosting import demand.

With US wheat stocks down 20% from last year, even average Northern Hemisphere harvests may not ease global supply concerns.

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Helix Announces Second Quarter Earnings Release Date and Conference Call Information

Dow Jones Newswires

Brent Crude Oil

+0.65%

HOUSTON--(BUSINESS WIRE)--July 03, 2025--

Helix Energy Solutions Group, Inc. will issue a press release reporting its second quarter 2025 results on Wednesday, July 23, 2025, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.helixesg.com.

Helix will review its second quarter 2025 results on Thursday, July 24, 2025, at 9:00 a.m. Central Time via a teleconference and webcast. Investors and other interested parties wishing to participate should dial 1-800-715-9871 within the United States or 1-646-307-1963 outside the United States. The passcode is "Staffeldt." A live webcast of the teleconference will be available in a listen-only mode on the Investor Relations section of Helix's website. A replay of the webcast will be available on Helix's website shortly after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250703493432/en/

CONTACT: Erik Staffeldt, Executive Vice President and CFO

email: estaffeldt@helixesg.com

Ph: 281-618-0400

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Cattle Rises on Rumors of China Trade Deal — Market Talk

Dow Jones Newswires

Brent Crude Oil

+0.65%

Live cattle futures on the CME closed the day up 0.7% at $2.14025 a pound. Buoying cattle ahead of the Independence Day holiday are rumors about a potential U.S.-China trade deal. If such an agreement is around the corner U.S. beef is expected to be a big beneficiary of reopened trade relations. "If we are on the verge of some Chinese trade deal, as was rumored yesterday, we should probably expect cattle futures to appreciate that as well," StoneX says in a note. Lean hog futures finished the day down 1.7% to $1.0605 a pound. (kirk.maltais@wsj.com)

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Oil Gives Back Some Gains With OPEC+ in View — Market Talk

Dow Jones Newswires

Brent Crude Oil

+0.65%

Crude futures settle lower in quiet, range-bound trade ahead of the U.S. holiday weekend. After yesterday's rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August. Analysts at Citi expect the group may elect to pause production unwinds until after August as summer demand eases and non-OPEC+ supply accelerates. "Still, the recent sharp swings in oil prices suggest financial positioning should have returned to neutral levels, which could offer room for a limited and brief sell-off on OPEC+ headlines of another 411,000 b/d quota unwind," they say in a note. WTI settles down 0.7% at $67.00 a barrel, and Brent slips 0.4% to $68.80. (anthony.harrup@wsj.com)

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Front Month ICE Brent Crude Fell 0.45% to Settle at $68.80 — Data Talk

Dow Jones Newswires

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Nymex Platinum, Palladium Warehouse Stocks - Jul 03

Dow Jones Newswires

Brent Crude Oil

+0.65%

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          79,305         0        0       0    -2,050     77,255 
Eligible            25,854         0        0       0     2,050     27,904 
Total              105,159         0        0       0         0    105,159 
 
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           5,672         0        0       0         0      5,672 
Eligible            18,809         0        0       0         0     18,809 
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          56,282         0        0       0   -12,808     43,474 
Eligible             2,095         0        0       0    12,808     14,902 
Total               58,376         0        0       0         0     58,376 
 
LOOMIS INTERNATIONAL (US) LLC 
Registered          46,232         0        0       0   -22,098     24,135 
Eligible            47,004         0        0       0    22,098     69,101 
Total               93,236         0        0       0         0     93,236 
 
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            11,398         0        0       0         0     11,398 
Total               15,576         0        0       0         0     15,576 
 
STONEX PRECIOUS METALS LLC 
Registered           1,979         0        0       0         0      1,979 
Eligible                 0         0        0       0         0          0 
Total                1,979         0        0       0         0      1,979 
 
COMBINED TOTALS 
Registered         199,978         0        0       0   -36,955    163,023 
Eligible           114,442         0        0       0    36,955    151,397 
Total              314,420         0        0       0         0    314,420 
 
                      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           4,462         0        0       0         0      4,462 
Eligible             9,786         0        0       0         0      9,786 
Total               14,248         0        0       0         0     14,248 
 
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             987         0        0       0         0        987 
Eligible             3,208         0        0       0         0      3,208 
Total                4,195         0        0       0         0      4,195 
 
HSBC BANK, USA 
Registered             586         0        0       0         0        586 
Eligible             2,623         0        0       0         0      2,623 
Total                3,209         0        0       0         0      3,209 
 
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          10,011         0        0       0         0     10,011 
Eligible               301         0      199    -199         0        102 
Total               10,312         0      199    -199         0     10,113 
 
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               630         0        0       0         0        630 
Total                2,746         0        0       0         0      2,746 
 
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          31,004         0        0       0         0     31,004 
Eligible            17,276         0      199    -199         0     17,078 
Total               48,280         0      199    -199         0     48,081 
 
Write to Taryn Boss at csstat@dowjones.com