It’s May 1, Iran sends a plan, and China is still on for May 13-14.

May 1, 2026

Grain futures opened firm last night, and at one point we traded sharply higher again, with Kansas City over $7.00. This morning, at just after 7:00 AM central time, Iran announced it had delivered a message through its intermediary Pakistan to end the war. Details are unknown but the stock market bolted higher with crude oil off over $2.00 on the news. Grains softened as expected, but still captured a bid, and as the night session came to an end, they were all trading in the green.

Yesterday, the U.S. House sent legislation over to the Senate for a 2026 Farm Bill. There is a concern that Democrats in the Senate will push hard to limit any change to the SNAP program and are looking to be tough with pesticide usage. One thing the bill was missing was the nationwide use of E15 blending. This still remains voluntary.