🌾 Grain Markets
Markets are mixed today
Wheat sharply lower
Corn softer
Soybeans slightly higher
🌍 Big Picture: Global Tension Impact
~800 ships reportedly stuck in the Persian Gulf
Includes crude oil, fertilizer, and LNG vessels
Concern isn’t just supply — it’s consistent flow disruption
Situation remains uncertain → keeping markets on edge
🛢️ Energy Markets
Crude oil sharply lower today but still elevated
Around $95/barrel (near last week’s levels)
Market not fully convinced tensions are resolved
Gasoline and diesel also sharply lower
