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Grain and Cattle Wreck?

We continue balancing China uncertainty, volatile crude oil headlines, strong corn demand, worsening Brazil dryness, and major technical breakdown risks in cattle futures.

Crude Oil and Iran:
Crude oil whipsawed on Iran headlines, rallying above $102 before collapsing $5 to $6 after talk of a possible proposal framework.
President Donald Trump later supported prices again by reiterating the U.S. would ultimately secure or destroy Iran’s nuclear capabilities.
Markets remain highly sensitive heading into the three day weekend.

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