Wall Street Slams Into Reverse
Wall Street got a painful reminder that the coronavirus pandemic isn't going away, and a big early gain for stocks suddenly flipped to losses after California showed how it's still scarring the economy.
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DTN Oil
Nearest delivery oil futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange finished the Monday session lower.
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Stocks Climb Monday Morning
Stocks are rising in early trading on Wall Street Monday as CEOs across the country prepare to tell their investors how much money they made, or lost, in the spring as the coronavirus pandemic pounded the economy.
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DTN Oil
Oil futures and Brent crude shifted lower in Monday trade.
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Houston Leaders Call for City Lockdown Amid Virus Case Surge
Top officials in Houston are calling for the city to lock back down as area hospitals strain to accommodate the onslaught of patients sick with the new coronavirus.
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Funeral for Seoul Mayor Held as Allegation Details Emerge
SEOUL, South Korea (AP) --Mourners wept and deeply bowed before the coffin of Seoul's mayor during his funeral Monday, while a lawyer came forward with details about sexual harassment allegations against the late politician.
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Google Announces $10 Billion Digitization Fund for India
NEW DELHI (AP) --U.S. tech giant Google is investing in a $10 billion fund to help accelerate India's transition to a digital economy in the next five to seven years.
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What DTN Is Watching
Entering the second full week of July, the latest weather forecasts continue to get first attention among grain traders, followed by any export news. USDA's weekly inspections report is out at 10 a.m. CDT, followed by a U.S. Treasury report on the federal budget at 1 p.m. and the Crop Progress report at 3 p.m. CDT.
WeatherMonday features a sharp contrast in temperatures over major crop areas. Northern and central regions will have seasonal warmth with favorable crop conditions. Meanwhile, southern regions will have extreme and stressful heat. Heat bulletins cover the far Southern Plains through the Deep South. Periods of thunderstorms are also in store across the northern tier and in parts of the Southern Plains at the edge of the heat dome.
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