04/08/26 The Ceasefire Heard Round the World

04/08/2026 Click Above to Watch the Morning Market Talk Video The Ceasefire Heard Round the World On the Grains Soy oil and wheat futures faced heavy selling pressure overnight, following the crude oil market sharply lower after a two-week ceasefire between the U.S. and Iran just ahead of Tuesday evening’s deadline from President Trump. Corn followed to the downside. Soybeans rebounded from a gap-lower start and are trading narrowly mixed this morning, with old-crop firmer and new-crop mildly weaker. The broader marketplace response was as expected as traders removed risk premiums. Energy markets, led by crude oil plunged, global stocks and bonds rallied and metals surged, while the U.S. dollar index is under heavy pressure. Key will be the response to the broad knee-jerk reaction overnight. The U.S. has halted all offensive operation in Iran, subject to the immediate reopening of the Strait of Hormuz. Iranian Foreign Minister said that passage through the strait will be possible “via coordination with Iran’s Armed Forces.” President Trump said the U.S. “will be helping with the traffic buildup” in the strait. Meanwhile, Israel said it had halted attacks on Iran but was continuing operations in Lebanon against Hezbollah. Kuwait, Qatar and the United…