Wheat futures headed for their largest weekly gain in nearly two months, driven by a convergence of weather stress and fertilizer supply tightening tied to the Iran conflict. The rally signals renewed anxiety in grain markets that had been relatively calm through the prior stretch. Weather disruptions have pressured crop development across key growing regions, while the Iran war has introduced constraints on fertilizer availability, a critical input for wheat yields. Tighter fertilizer supply raises the cost and complexity of production in affected markets, potentially compressing output in coming seasons. Traders are now pricing in a more uncertain supply outlook, which could sustain upward pressure on wheat prices in the near term. Watch for any further escalation in the Iran conflict or additional weather data from major producing regions, as either could reinforce or unwind the current rally. Crop progress reports and fertilizer trade flow data will be the near-term signals to track.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
