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July 8 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed higher on Tuesday, with the benchmark contract rising 1.3%, mainly reflecting the potential for high temperatures in the Midwest to affect crop growth and a surge in international crude oil prices. International crude oil futures rose sharply on Tuesday, influenced by reports of attacks on ships near the Strait of Hormuz, which pushed up prices for soybeans and corn, widely used in biofuels. The latest weather models indicate that high temperatures are likely in the Midwest and Central Plains regions, lasting until mid-July, when most corn crops will be in pollination. An analyst stated that weather map data shows a strong heat wave expected in the Corn Belt from this weekend until July 15th. He added that crops in Europe have already been affected by the heat, increasing risk premiums in the corn market.
Japans seasonally adjusted current account balance for May was 30.645 billion yen, below the expected 3.2167 trillion yen and the previous months 4.2111 trillion yen.
Japans trade deficit in May was 6.9 billion yen, compared to a forecast of -221.9 billion yen and a previous figure of 395.7 billion yen.
1. Meta launches Muse image generation tool. 2. Samsung begins mass production of next-generation enterprise-grade SSDs for Nvidias Vera Rubin. 3. SpaceX AI plans to release a new model in collaboration with Cursor as early as Wednesday. 4. Amazon will issue eight tranches of investment-grade bonds, raising at least $25 billion. 5. BrainTiger Technologys "Sanquan" brain-computer interface system initiates GCP registration clinical trials. 6. Ministry of Industry and Information Technology: my countrys humanoid robot production is expected to exceed 100,000 units this year. 7. National Development and Reform Commission: Sales of AI smartphones and AI computers are expected to surpass non-AI products for the first time this year. 8. Alipay AI Open Platform launched; merchants can connect to mobile phones, in-vehicle systems, and AI glasses through "Abao". 9. my countrys first 5-meter-class reusable rocket was transported to the launch pad; the Long March 10B Y1 awaits launch window.
Japans May trade balance will be released in ten minutes.