Wheat
Bryan Doherty with Total Farm Marketing says the grain markets markets were removing war and weather premium. Will that continue with if the Iran war is indeed over?
USDA’s March 2026 Prospective Plantings report produced no major surprises, but the bigger story may be the fact only 37.6% of farmers responded, the lowest participation in history for that survey.
DuWayne Bosse with Bolt Marketing says with the reports out of the way the grain market has gone back to trading Iran war headlines and following the crude oil market
Arlan Suderman with StoneX some of the support in the grains Tuesday came from money flow but lower wheat and soybean acreage than anticipated also added to the buying interest.
Corn falls to 95.3M acres (-3%) while soybeans rise to 84.7M (+4%). Wheat hits a record low 43.8M acres (-3%) and cotton climbs to 9.64M (+4%).
Corn, soybeans and bean oil futures ended lower on Friday fading EPA’s final Renewable Fuel Standard volumes. Dan Basse, Ag Resource Company, says the news was already priced into the markets.
Soybeans futures extended nice gains from Wednesday with demand optimism surrounding the rescheduling of the China summit for May 14 -15 and the announcement of RVOs says Jim McCormick of AgMarket.Net.
Allison Thompson with The Money Farm thinks the grains markets are starting to divorce from the influence of war headlines and trade their own fundamentals.
Soybeans were slightly higher early but saw buying accelerate and the bull spreads kick in after the White House announced a new date for the China summit says Kevin Duling of KD Investors.
Jamie Gieseke with Paradigm Futures says the energy and grain markets are still chasing headlines trying to determine a fair prices. However, farmers need to ignore that noise when trying to make marketing decisions.