Corn and wheat are higher this morning, maintaining overnight strength.

April 13, 2026

Energy markets are pushing higher this morning after weekend talks between the US and Iran failed to produce any progress toward ending the conflict. In response, President Trump has ordered US Navy ships to move toward the Strait of Hormuz, a decision that has raised questions among analysts, given that the passage has effectively been shut for weeks. The administration also indicated elevated gasoline prices could persist through the November elections, a scenario that would weigh heavily on summer travel and broader economic activity. Signs of a slowing economy are becoming more visible, increasing concern among managed money participants.