End-of-War Hopes Send Oil and Grains Lower

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🇺🇸🪖 War signals easing: Donald Trump suggested the conflict with Iran could be short-lived and nearing an end. He is also considering taking control of the Strait of Hormuz. Oil markets cooled, with crude dropping below $90 after earlier surging above $119. 🌍⛽🛢️🤝 Global response: Group of Seven energy ministers will meet to discuss releasing strategic oil reserves, and the U.S. may ease oil sanctions on Russia to help stabilize energy prices.🌽📉 Grain markets pull back: Profit-taking pushed futures lower.Corn fell ~7¢ to $4.54/bu (after hitting the highest level since May 2025 earlier in the session).Soybeans dropped ~5¢ to $11.96/bu.Wheat declined ~14¢ to about $6.03/bu. The sell-off came as crude oil retreated from overnight highs.📊📅 USDA report day: United States Department of Agriculture will release the Crop Production and WASDE report (11am CST). Expectations:Slight increase in U.S. corn ending stocks 🌽Slight decline in soybean & wheat stocks 🌱🌾Global stocks mostly unchanged Traders are more focused on the upcoming Prospective Plantings report later this month.🚢🌽 Export shipments:Corn: 1.5 mmt, down week-to-week but still strong.Soybeans: 879k mt, near expectations; China bought ~47% 🇨🇳Wheat: 496k mt, well above expectations.🇧🇷🌱 Brazil harvest update: Soybean harvest is 51% complete, the slowest pace in five years, though still near the average. Dry weather in March has helped progress. Second-crop corn planting is 82% complete.🥩⚠️ Beef plant strike: Workers at a major JBS plant in Greeley, Colorado (capacity 6,000 cattle/day) plan to strike. Impact may be limited because the industry currently has more slaughter capacity than available cattle, allowing feedlots to shift animals to other plants.👍 If you enjoy these quick updates, make sure to subscribe and hit the notification bell so you never miss a video.