05/06/2026 Peace Deal Winds Blowing Harder

05/06/2026 https://youtu.be/31sStpZbl70?si=J70r_6T8T_s924B8 Click Above to Watch the Morning Market Talk Video Peace Deal Winds Blowing Harder On the Grains Markets reacted sharply overnight to the report from Axios that the U.S. believes it is close to an agreement with Iran to end the war. Washington and Tehran reportedly are working on a one-page memorandum of understanding that would set a framework for more detailed nuclear negotiations.President Trump suspended a military initiative to guide stranded ships though the Strait of Hormuz and has reportedly been indicating to U.S. officials he wants to end the war soon. Meanwhile, China’s foreign minister stepped up its efforts to get Iran to negotiate an end to the war. Mediator Pakistan believes a deal is close. Iran has been silent, though the U.S. reportedly expects to hear from Tehran in the next 48 hours. There are signs a deal may be near. There have been such signs before, but these appear to be stronger. Grains faced heavy selling overnight. There’s risk of heavy long liquidation with the peace deal winds blowing harder, as funds have amassed what is likely to be a record net long position in grain and soy complex markets. Crude oil also faced heavy selling overnight and…