A lower grain trade greets this market again today on a Thursday, as we've been seeing nothing but selling since the highs made for corn beans on Monday into early Tuesday. Of course, wheat peaked out on April 29 and we've been seeing this pervasive selling continue because of the oil market's air coming out with a assumed possible deal that could end that Iranian us crisis over their nuclear ambitions, and, of course, the Strait of Hormuz being blocked. And so, we've seen this selling it all that's been just nonstop selling in the grains. Well, this could probably come to an end today. We'll see. We're already noticing the crude oil market re challenging. Yesterday's low at $90 and already recovering into the noon hour back to almost the mid-90s, as it seems that we might see the Iranians do a Zelensky or Ukraine. And what does that mean? Meaning when they get so close to a peace deal between Russia and Ukraine that Zelensky would change his mind last minute and blow it up? Well, that could occur here with the Iranians as well, and maybe not until today or possibly tomorrow, but something could go wrong, and we're going to send the oil market back higher again, which the selling in the grain trade could reverse. We've been seeing further damage to the Kansas wheat crop, more freezing damage occurring overnight in eastern Colorado, western Kansas, which doesn't seem to mean anything anymore, as that which is Dead is dead, and that which is alive is still alive. And we don't need the wheat anyway. Is apparently how the market looks at this, as the values of us wheat are above the French milling wheat and world values. And so, we're seeing that deflate for now, that is until things go wrong with Iran again for more information, go to HeartlandInvest.com.
