03/16/26 – Volatility Continues, Beans Lead the Way

Morning Market Talk No Morning Market Talk due to software issues.   On the Grains All of the grains were weak on the open last night and have continued to fall through the overnight trade. Corn and wheat are only slightly softer, and have begun to find traction in the early morning hours, but soybeans on the other hand are 30 lower in the May contract and only slightly off the overnight lows.   In an interview released Sunday, President Trump said that he may delay his summit with China’s President Xi Jinping, a move that soybean traders clearly did not like, but not unexpected as Trump continues to push other international leaders to assist in opening the Strait of Hormuz. While speaking to reporters aboard Air Force One, President Trump called China “an interesting case study” as he hinted that it would be in China’s best interest to assist the US. A vast majority of China’s oil comes through the passage. However, they remain hesitant to involve their military in foreign conflicts and, as with their grains, their oil stores are enough to keep them operational for quite some time. Trump assures that China is still committed to purchasing…