July canola is up $6.20/mt with November canola up $6.00/mt, July soybean oil is up .31 cents/pound, August European rapeseed is down .50 euro per mt and August Malaysian palm oil is up .09%. July oats are down 8 cents/bushel. July crude oil is up $1.29 per barrel, July ULSD is up $.0301 per gallon, and the June Canadian dollar is up .00170 at .72510. The June U.S. Dollar Index is down .189 at 98.960 and the June Brazilian real is up .00060 at 0.19820.

I can't believe I have to do this again, but crude oil turned negative briefly when another report circulated that a deal between the U.S. and Iran had been struck for a ceasefire extension. Leaders from both sides need to sign off on it with the report suggesting Trump wants a few days to think about it. Yet, every story in the news is about various escalations of military attacks between all sides.

Grain and oilseed prices were knocked back again on the same nonsense, but traders seem to be learning to disregard the headlines considering the quick recovery that has taken them back closer to their overnight highs.

Outside markets responded as expected with stocks and bonds turning higher on the reports while energy markets gave up about half of their best gains and the U.S. dollar turned lower.

Month-end positioning appears to be impacting trade as well.

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