05/22/2026 Calm… But Will Pre-Weekend Storm Brew?

05/22/2026 Click Above to Watch the Morning Market Talk Video Calm… But Will Pre-Weekend Storm Brew? On the Grains Grain and soy futures calmly rebounded overnight following sharp losses the past three days for corn and soybeans, and the past two days in wheat markets. Wheat markets didn’t react to news Argentina will cut its wheat export tax to 5.5% from the current 7.5%, starting in June. Focus today will be on positioning for the three-day weekend with a lot of volatile issues being uncertain, primarily China’s buying commitments and the war with Iran. Headlines will direct price action into the holiday weekend.Despite losses in recent days, corn, soybeans and wheat are poised for weekly gains. Key near-term support stands at last Friday’s knee-jerk reaction lows after traders were initially disappointed in the lack of details from the U.S./China trade deal. Traders wanting Chinese confirmation of specific purchase agreements are going to remain disappointed, as stated previously, as that’s not how Beijing handles these situations. But key will be holding above the May 15 lows. If those are violated, it would open the door to even stronger fund long liquidation. Oil rose, snapping a three-day decline, amid waning optimism over…