Welcome to Markets Desk, here's what's moving right now.
TeraWulf is the story in equities this morning, with shares surging after the crypto-mining company announced a nineteen billion dollar infrastructure deal with Anthropic. The move validates what management has been telegraphing for months — that TeraWulf's pivot away from pure bitcoin mining toward powering the AI buildout was the right call. The market is agreeing loudly today.
Turning to the agricultural complex, grains are breaking sharply higher coming out of the long holiday weekend. Corn is up eleven to nearly fifteen cents on shifting weather forecasts, with warmer conditions raising concern about crop stress during a critical development window. Soybeans are joining the rally, trading twenty-eight to thirty-five cents higher, recovering from last week's modest losses as traders reassess supply risk heading into the heart of summer.
And in a story that sits somewhere between trade policy and sports diplomacy, President Trump confirmed he personally called FIFA President Gianni Infantino to weigh in on the red card suspension of American striker Folarin Balogun. Trump acknowledged he was unfamiliar with the red card rule itself, but made the call regardless — a reminder that executive attention can land anywhere, at any time, with or without a rulebook.
That's the tape. Markets Desk, signing off the floor.
