BMO cuts IBM (IBM.N) PT to $230 from $270.

Sources say Intel (INTC.O) and AMD (AMD.O) are negotiating long-term purchase agreements with Chinese server customers for data-center processors. Deals under discussion typically lock volumes but not prices; most cover roughly one year of supply, though one source said both companies have also discussed two-year-or-longer commitments with some customers. CPU shortages could be a key topic Intel may address when it reports quarterly results on Thursday.

CBOT农产品晚间分析：受天气影响，CBOT玉米期货价格显著上涨，谷物期货获战争与天气双重溢价；但基金净多头快速累积、库存膨胀预期与作物评级相对稳健，使得高位多空博弈加剧，定价窗口与天气演变成为短期核心变量。