03/31/2026 Markets Await Key Data, Geopolitical Decisions

03/31/2026 Click Above to Watch the Morning Market Talk Video Markets Await Key Data, Geopolitical Decisions On the Grains Grain and soy markets traded on both sides of unchanged overnight, though a generally firmer tone has developed early this morning aside from corn and spring wheat, which are modestly lower. Traders await USDA’s Prospective Plantings and Quarterly Grain Stocks Reports at 11 a.m. CT, both of which have potential to swiftly move markets. Crude oil futures also traded on both sides of unchanged overnight but have developed a firmer tone this morning. President Trump’s conflicting signals are amplifying uncertainty across global markets, as investors struggle to reconcile rhetoric pointing toward de-escalation with continued military escalation on the ground. The result is a widening disconnect — one that is driving sharp, intraday swings across energy, equities and commodities. On one hand, repeated assertions that negotiations with Iran are progressing; on the other, explicit threats targeting critical infrastructure and an ongoing expansion of military operations. That inconsistency is keeping risk premiums elevated, particularly in oil markets tied to the Strait of Hormuz. And now the Wall Street Journal reported Trump signaled to aides a willingness to wind down the U.S. military campaign against Iran…