Microsoft (MSFT.O) expects to spend $4.7 bln in Wisconsin between 2024 and 2028.

The National Food and Strategic Reserves Administration said with China's wheat harvest largely complete, summer-grain peak-season purchases have begun in an orderly fashion. Peak-season wheat procurement is about 100 mln tonnes, roughly unchanged from last year. Nationwide summer-grain purchases have so far exceeded 30 mln tonnes.

Russian crude exports reached a year-to-date high, averaging 3.89 mln b/d over the four weeks to June 21, Bloomberg tanker data show. Continued Ukrainian strikes on Russian refineries have cut domestic processing, potentially diverting barrels into exports. At the same time, a recent release of detained Iranian tankers has pushed significant Iranian crude—some viewed as a close substitute for Urals—into the market, intensifying competition for buyers, particularly Indian refiners. A US exemption for Russian buyers expired on June 17; failure to renew it could prompt processors to shift to other suppliers.