Grain Markets and Other Stuff
Grain Markets and Other Stuff
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Grain Bears are FRUSTRATED - Are "The Funds" Defending their Long Positions?

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April 9, 2026

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Markets on edge as the US-Iran ceasefire hangs by a thread 🚨

Iran is already alleging violations before talks have formally begun. Peace negotiations are tentatively set for Pakistan this Saturday, but the Strait of Hormuz remains largely closed. Crude cratered 16% to settle near $94 πŸ›’οΈ β€” and Goldman says don't expect the low $80s until the strait fully reopens.

The dollar had its worst day since January, dropping 0.8% as investors fled safe havens πŸ’΅πŸ“‰. Markets are now pricing in ~25% odds of a Fed rate cut by year-end.

Wheat got slammed β€” Chicago May down ~18 cents, KC May off ~12 β€” hit by falling crude and rain forecasts across the Plains πŸŒΎβ˜”. Corn closed lower, beans bucked the trend and finished higher. Watch the western HRW areas β€” they may miss the forecasted rains.

Super El NiΓ±o on the horizon β˜€οΈπŸŒ§οΈ β€” models show it developing July/August, peaking in November, and lasting into 2027. Generally favorable for the Corn Belt, but watch for planting delays and disease pressure.

USDA WASDE drops at 11am CST today πŸ“Š β€” expectations are quiet, corn/soy stocks largely unchanged, wheat slightly lower. Post-report breakdown video coming shortly after!

Ethanol production hit a seasonal high at 1.12M bpd, up 5% YoY 🌽⚑. Margins remain solid across the Corn Belt at 15–40 cents positive.

Lots moving today β€” stay locked in. πŸ‘‡

Guests & Subjects Covered

Are "The Funds" Defending their Long Positions?Chicago MayKC MaySuper El NioCorn BeltUSDA WASDE

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Grain Bears are FRUSTRATED - Are "The Funds" Defending their Long Positions? Β· Grain Markets and Other Stuff Β· Sentinel