July canola is up $5.70/mt with November canola up $5.80/mt, July soybean oil is up 0.43 cents/pound, August European rapeseed is up 2.25 euros per mt and August Malaysian palm oil is up 0.02%. July oats are down 1/4 cent/bushel. July crude oil is up $0.97 per barrel, July ULSD is up $.0556 per gallon, and the June Canadian dollar is down 0.00010 at 0.71705. The June U.S. dollar index is down .121 at 99.930 and the July Brazilian real is down .00085 at 0.19205.

Grain and oilseed markets have regained ground that was lost early this morning when both Israel and Iran agreed to stop escalating the situation with retaliatory attacks. Since then, reports suggest there is far more of a likelihood that fighting will resume than any indication of peace talks as both sides continue to threaten one another.

Even though energy markets did not reclaim their overnight levels, the grains and oilseeds were so oversold that it appears bargain hunting has set in. Strong export inspections for corn and flash sales for both soybeans (264,000 mt to unknown in 2026-27) and corn (103,000 mt to Japan, split between crop years) likely helped with that.

Outside markets are little changed from the opening comments with stocks bouncing back from Friday's selloff, going with the optimistic Trump posts while treasuries have turned back lower on concern that no real end is in sight. The U.S. dollar has maintained its minor weakness following a sharp rally on Friday's April payroll report.

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