OpenText reported fiscal 2026 fourth-quarter revenue of US$1.35 billion, up 2.9% year over year. Cloud revenue rose 6% to US$503 million, while enterprise cloud bookings increased 24.1%. Adjusted EBITDA margin was 37.6% and adjusted EPS rose 26.8% to US$1.23. The stock trades around C$33, about 41% below its 52-week high.

U.S. wheat futures rose across the board on Friday, with Chicago SRW, KC HRW and Minneapolis spring wheat contracts posting solid gains. The market continued to price in a risk premium tied to potential Black Sea export disruptions, even as U.S. export sales activity remained weak. Export sales for the current marketing year totaled 8.342 MMT, down 31% from the same week last year, according to Export Sales data. Ukraine’s agriculture minister also said the 2027 winter wheat crop is expected to be down from 4.7 million hectares 11.61 million acres, supporting tighter-supply expectations.

Gold prices fell more than 1% on August 28 after U.S. Federal Reserve Chair Kevin Warsh suggested the central bank could raise interest rates to curb inflation. Spot gold was down 0.8% at $4,563.05 an ounce, according to Reuters. In India, gold slipped to ₹1,56,780 per 10 grams, down 1.77%. The decline followed a three-month high earlier in the week that was driven by optimism after the U.S. Treasury’s support for long-term bonds.

Micron Technology shares have retreated from above $1,036 to around $935 even as the company’s fundamentals continue to improve. DRAM prices rose 58% to 63% sequentially in Q2, while HBM4E’s approaching 4:1 trade ratio could further constrain conventional DRAM supply by consuming more wafer capacity. Micron has secured $22 billion of commitments via strategic agreements, and major contracts extend through 2030 on take-or-pay terms.

Qatar has extended force majeure on its LNG deliveries into November as transits through the Strait of Hormuz remain blocked, lifting gas prices in both Asia and Europe. Asia’s spot LNG price rose to $23.388 per million British thermal units (MMBtu), while Europe’s Dutch TTF benchmark moved above $80 per megawatthour. Europe is approaching winter with gas storage only 63% full, well below the five-year average of about 80%, adding to supply concerns.

NY raw sugar and London white sugar futures fell sharply, giving back earlier gains. Selling pressure intensified as the Brazilian real weakened, triggering long liquidation. On fundamentals, the European Union expects 2026/27 sugar output to fall 19% and India’s monsoon rainfall remains below normal. Global 2026/27 sugar consumption is projected to rise to a record high.

Expectations for a near-term Federal Reserve rate hike to curb inflation strengthened, pushing the 2-year Treasury yield up to 4.32%. Traders lifted the implied odds of a hike as soon as next month to nearly 60% from 35%, while the 10-year yield rose to 4.70%. U.S. stocks were mixed in midday trading, with the Dow edging higher and the Nasdaq lower.

U.S. stocks ticked lower as expectations grew that the Federal Reserve will raise interest rates soon to rein in inflation. The two-year Treasury yield jumped to 4.34%. Traders lifted the implied probability of a rate hike as soon as next month to nearly 60% from 35% a day earlier, according to CME Group data.