May canola is up $.40/mt, May soybean oil is up .37 cents/pound, May European rapeseed is up 1.00 euro per mt and June Malaysian palm oil is up 1.05%. May oats are up 3 cents/bushel. May crude oil is up $3.44 per barrel, May ULSD is up $.1160 per gallon, and the June Canadian dollar is down .00145 at .72320. The June U.S. Dollar Index is up .092 at 99.800 and the April Brazilian real is up .00035 at 0.19110.

Energy markets pulled back briefly from morning highs on White House suggestions that Iran may issue a counter proposal to the U.S. peace proposal Friday. Such routine attempts to calm markets are having less of an impact each time with the same seemingly happening here given gains remaining in energy markets with losses in stocks holding as well. Treasury markets have turned mixed on the reports but that still leaves the U.S. 10-year note rate at 4.42% (but below the overnight high of 4.46%).

Word that China is launching two probes into U.S. trade practices (according to Reuters) in response to the section 301 tariff investigation launched by the U.S. (after the IEEPA tariffs were struck down by the Supreme Court) may be responsible for a pullback in the soybeans. Even soybean oil and canola are off their highs despite additional gains in diesel markets and ahead of the expected blending mandate announcement (expected at roughly 11:30 a.m. CDT) with profit-taking and risk reduction following the recent rally most likely at play.

(c) Copyright 2026 DTN, LLC. All rights reserved.