US rain forecast pressures wheat as other grains prove buoyant

• Donald Trump heralds an ’amazing two days’ in resolving the Iran war
• Brent crude gains nonetheless, amid continued supply worries
• Corn and oilseeds find spillover support
• Wheat markets mixed. Traders keep an eye on US Plains weather

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Plains wheat prices near two-year high, as US dryness jitters mount

• Lebanon-Israel reportedly agree ceasefire, but Iran-US talks scaled back
• Brent crude returns close to $100/Bbl
• US hard red winter wheat leads buoyant wheat market
• US Plains rains fail to improve growing conditions

Daily Markets

Drought fears lift US wheat, oil sags on negotiation hopes

• Crude oil sags on hopes of diplomatic progress to end Middle East tensions
• Brent crude falls back below $100/Bbl, weighing on grains
• Rapeseed retreat below €500/t, tracking vegetable oils lower
• Weak condition rating helps US wheat prices buck negative trend

Daily Markets

Wheat leads grain price revival, as US blockade revives Iran tensions

• Failure of Iran-US talks, and US blockade, revives war trades
• Shares ease, while Brent crude rebounds above $100/Bbl
• Wheat prices gain. Hard red winter gets extra support from US dryness
• Paris rapeseed returns above €500/t

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Grains dragged lower, as Iran-US ceasefire sends oil tumbling 17%

• Iran and US agree ceasefire which would reopen Strait of Hormuz
• Continued Israeli attacks on Lebanon put strain on deal
• Oil prices tumble, weighing on other commodities including grains
• Paris wheat falls below €200/t, rapeseed below €500/t

Daily Markets07/04/26

Oil Higher As Trump Sets Ultimatum Deadline For Tonight

• Donald Trump says a ’whole civilisation will die tonight’ without Hormuz deal
• Oil prices unusually involatile ahead of Trump deadline
• Wheat futures broadly follow, although US rain hopes dampen hard red winter
• London May-26 wheat futures set four-month closing high

Daily Markets02/04/26

Trump threat to hit Iran 'extremely hard' revives oil, wheat prices

• Donald Trump’s threat to hit Iran ’extremely hard’ revives Iran war fears
• Oil prices gain, encouraging buying in some grains too
• US wheat prices retreat from highs, as export sales disappoint
• European wheat futures retain support from sagging currencies

Daily Markets01/04/26

Wheat futures slip on retreating oil and US rains

• Donald Trump says Iran seeking a ceasefire, although denied by Iran
• Oil prices fall temporarily below $100/Bbl, before paring losses
• US wheat prices tumble, weighed too by forecasts for Plains rains
• Oilseeds weighed too. Rapeseed finds support at €505/t