Trump's Plan to Open the Strait of Hormuz... Is To Block the Strait of Hormuz

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.🚨 US BLOCKADES STRAIT OF HORMUZ 🚨The US is blockading the Strait of Hormuz following failed peace talks in Pakistan — and markets are already feeling it. 🛢️ WTI crude surged nearly $8/bbl overnight, with the May '26 contract trading near $105. Grains caught a big bid too, with some contracts gapping higher at the open. 📈💥 The blockade targets ships entering or departing Iranian ports, countering Tehran's plan to impose transit tolls on vessels. Any country that helps Iran? Hit with a 50% tariff. And Trump isn't ruling out strikes on Iranian infrastructure. This war is far from over.🌱 Trump is also keeping a close eye on fertilizer prices, calling out the "fertilizer monopoly" on Truth Social and vowing to protect US farmers as costs surge amid the conflict.📊 CFTC CoT Recap (week ending Apr. 7):Funds were net sellers across the board—47k corn, 23k soybeans, and 12k SRW wheat—largely tied to last week's ceasefire announcement. We're also launching a NEW Daily Fund Tracker chart starting today! 👀🌽 Friday Futures Recap:Corn May '26 settled at $4.41—down 3¢ on the day, off ~11¢ on the week (4th straight weekly loss)Soybeans hit a 2-week high on a flash meal sale to Italy 🇮🇹 (Italy's biggest single US soybean meal purchase since 2019!)Wheat ended lower on ample global supplies & soft export demand🌧️ Weekend rains mostly missed key HRW wheat areas in western Kansas and Oklahoma. The 7-day forecast doesn't offer much relief for those dry western zones. Crop ratings drop this afternoon — stay tuned.⚡ Flash Sales Friday:125,640mt of corn → unknown destinations100,000mt of soybean cake/meal → Italy