U.S. (WTI) and Brent crude fell about $1 intraday to $89.77/bbl and $91.93/bbl, respectively.

July 24 — Zhang Xingwang, deputy minister of Agriculture and Rural Affairs, told a State Council press briefing that summer grain is the first season of annual grain production and accounts for roughly 20% of annual grain output. Summer grain makes up nearly half of China’s staple grain (primarily wheat and rice); a strong summer harvest is therefore critical to ensuring food security for 1.4 billion people and gives China greater control over annual grain supply.

Rosenblatt raises Intel (INTC.O) PT to $80 from $65.