Commerzbank raised its wheat price forecast for the end of 2023, expecting prices to fall again at the end of 2024 after supply risks are reduced again.

British Prime Minister Rishi Sunak spoke with Ukrainian President Volodymyr Zelensky this morning.

Commerzbank: The CBOT forward wheat contract is expected to trade at 760 cents a bushel (previously expected to be 650 cents).

Japan Air Self-Defense Force: Japan and Italy will hold a joint fighter exercise at Komatsu Base from August 2 to 10, and will hold a joint fighter exercise with Australia at Komatsu Base from August 23 to September 15.

Central Bank of Russia: Ruble liquidity reserves increased by 42 billion rubles in June to 17.4 trillion rubles.

Central Bank of Russia: Bank of Russia bought 135 billion rubles of OFZ government bonds in June, accounting for about 45% of issuance.

Central Bank of Russia: Russian banks saw corporate outflows of 473 billion rubles in June, mainly due to $3.6 billion in foreign currency withdrawals.

Central Bank of Russia: The Russian banking industry made a profit of 1.7 trillion rubles in the first half of the year.

According to Kyodo News: The Japanese government is preparing to lift the ban on defense exports.

COMEX silver futures rose by 1.00% in the day and is now at $24.83 an ounce.

According to Nikkei: Honda plans to start selling electric motorcycles in Indonesia as early as the end of 2023.

The front-month wheat contract on Euronext opened down 2.4 percent at 258.50 euros a tonne.

The Hong Kong Exchange Fund recorded investment income of HK$110 billion in the first half of the year.

Turkish President Erdogan: Turkey plans to achieve 6 billion US dollars in defense industry exports in 2023.

Japanese Finance Minister Shunichi Suzuki: Strive to balance economic growth and fiscal health.

Japanese Finance Minister Shunichi Suzuki: I hope that various departments will review policy priorities by the end of August.

ECB: Banks continue to tighten overall credit standards.