Sugar prices extended a weeklong rally as concerns over global supply tightened sentiment. In Brazil’s Center-South, June sugar output fell 26.3% y/y to 3.903 MMT, while India’s weather office cut its monsoon rainfall forecast to 90% of the long-term average and reported rainfall was 12% below normal as of August 10. Global sugar consumption in 2026/27 is projected to rise to a record 179.991 MMT. Supply constraints alongside expectations for stronger demand have underpinned prices.

Michael Burry has opened a new short position in Oracle at around $145 per share, calling the company one of the “very fat, very large, easy to shoot” targets in the AI trade. He highlighted Oracle’s roughly $260 billion in future data center lease commitments as a key risk. ORCL is down about 25% year to date, even after a rebound, as investors weigh whether fast-growing AI demand can generate enough cash to cover rising capital needs.

Ondas recently completed an acquisition worth about $125 million, and the stock rose 4% on the day while gaining 29% over the past month, even as short interest sits around 40%. The company has funded its expansion largely through equity financing, including raising about $1 billion. It has a backlog of more than $450 million and booked over $150 million in new orders in the second quarter. Management has raised its 2026 revenue target to at least $525 million.

Gold prices edged higher near a two-month high as markets waited for upcoming US inflation readings. Spot gold was at $4,396.87 an ounce after touching $4,434.84, the highest since June 5, while US gold futures rose 0.8% to $4,456.10. Traders see about a 50% chance of a rate increase in September and a 79% chance in December.

Exceptional growing conditions across key West African regions are boosting cocoa supply and weighing on prices. Ghana has harvested 750,000 MT for the 2025/26 season, up 25.6% y/y, while Ivory Coast shipments this marketing year have reached 2.11 MMT, up 20%. Nigeria’s June cocoa exports rose 30% y/y to 18,922 MT. With expectations of ample supply, New York and London cocoa futures are both down more than 4%.

Bicara Therapeutics said it has initiated the FORTIFI-FLEX clinical trial and expects to complete an interim analysis by mid-2027. The company also named a new chief executive officer and a new chief financial officer as part of a management change. The update did not provide trial details or describe any financial impact, according to Seeking Alpha’s AI-generated content.

Bitcoin miner Riot Platforms has signed a 191 MW data center lease to serve an unnamed frontier AI lab, a 20-year base contract it expects to generate about $9.1 billion in gross revenue. Initial rent is not expected to begin until December 2027, with the remaining capacity due in June 2028. Riot estimates $2.1 billion to $2.3 billion in capital spending, with 80% to 90% expected to be covered by long-term debt and the rest by equity that it plans to source in part through Bitcoin sales. The company has also secured a $573 million interim facility arranged by Morgan Stanley, which leaves 51.2% of its Bitcoin holdings restricted and 5,559 BTC unrestricted.

September arabica coffee futures rose 2.23% on Monday on concerns that an earthquake in Colombia could disrupt supplies, while September ICE robusta futures slipped 0.13%. Brazil’s coffee harvest remains behind last year’s pace, with Cooxupe members 67.3% complete as of July 31 versus 74.2% a year earlier, and the national harvest at 64% as of July 15 versus 77% last year and a five-year average of 70%. Rainfall in Minas Gerais totaled 5.8 mm in the week ended August 9, or 92% of the historical average. The USDA expects global arabica production to rise 12% year over year, while robusta production is seen falling 0.7%.