02/20/26 Potential Market Moving Events, Data Awaited

02/20/2026 Click Above to Watch the Morning Market Talk Video Potential Market Moving Events, Data Awaited On the Grains SRW wheat futures extended gains from the past two days during overnight trade, while HRW pivoted around unchanged and HRS futures pulled back. Wheat futures are poised for strong weekly gains, led by the winter wheat markets. Corn traded mildly higher overnight but is lower for the week. Soybeans traded lower overnight but were led higher this week by strong gains in soyoil that included contract highs. Geopolitical tensions are elevated, with the Wall Street Journal reporting President Trump is weighing an initial limited military strike on a few Iranian military of government sites to force it to meet his demands for a nuclear deal. If Iran still refused to comply with Trump’s directive to end its nuclear enrichment, the U.S. would respond with a broad campaign against regime facilities—potentially aimed at toppling the Tehran regime. The world anxiously waits, though crude oil eased a little this morning from a move to the highest level since early August earlier in overnight trade. Markets also await a potential ruling from the Supreme Court on the legality of President Trump’s authority to issue tariffs under…