Daily Market Price Updates and Commentary 15th June 2026

From an unchanged start, Jul'26 spent the first couple of hours trading between 13.76 and 13.61, limited movement on which to start the week with volume also rather light. Midway through the morning there was a recovery to sit in the mid 13.70's, potentially a sign that traders might be happy to hold near to the 13.75 strike heading into this evening Jul'26 option expiry. The calm was broken early in the afternoon as fresh buying pinged the price ahead to 13.90, however with the specs driving the movements and overhead selling placed by growers needing to price ahead of the futures expiry at month end giving resistance at the highs there was an inevitable correction against long liquidation and prices returned to the lower end of the range. A quieter afternoon ensued with Jul'26 in the 13.60's / 13.70's, and increasingly it felt as though Jul'26 was waiting for the close and any option related interest while specs limited their activity. Heading towards the final hour the price had fallen back below 13.70, and it remained in this area with a closing value at 13.68 ensuring a straightforward option expiry with no uncertainty over potential exercise or not.