3/1/2026 Sunday Market Preview

Grains would find support from crude oil’s response to the conflict with Iran, but a strong bid has yet to reveal itself as traders otherwise watch out for the possibility of a buy-the-rumor/ sell-the-fact reaction. In the Headlines The U.S. and Israel launched military operations against Iran that continues on Sunday morning. Initial strikes killed top leaders including Iran’s Ayatollah Ali Khamenei. Iran’s Islamic government has appointed interim leadership and carried out retaliatory strikes in Israel and on U.S. assets in Saudi Arabia, Bahrain, Qatar, Kuwait, Iraq, and the United Arab Emirates. This week will show the depth of control maintained by the Islamic Revolutionary Guard fighters that may have encouragement to defect if promised immunity. The coming days will also include debate in Congress over war powers. President Trump said on Sunday morning that the operation was going “very well” and moving “ahead of schedule,” but it was later reported that three U.S. troops were killed and at least 5 others injured. Three oil tankers have reportedly been attacked in the Persian Gulf. Iran has effectively closed the Strait of Hormuz, which sees roughly a quarter of global shipments of crude oil and natural gas. The Iranian-backed Houthi rebels…