06/05/2026 Markets Relatively Calm for Now After Tumultuous Week

06/05/2026 Click Above to Watch the Morning Market Talk Video Markets Relatively Calm for Now After Tumultuous Week On the Grains Corn futures extended their sharp price plunge overnight, with July marking a contract low and December falling to the lowest since mid-January. Soybeans and the wheat markets had a varied tone in two-sided trade. All things considered, grain and soy markets were relatively quiet overnight after a week filled with massive fund liquidation. The aggressive fund selling has left markets overdone to the downside, but it’s difficult to get the herd turned when it’s all heading swiftly in one direction. Bulls need a catalyst to halt the selling and reenergize their efforts. Markets indicate weather conditions are viewed as generally favorable. While that may be broadly the case, these maps signal there are extreme variances. It’s haves (ample soil moisture) vs. have-nots (drought) vs. have too much (saturated). Key through the growing season will be whether the extremes smooth out or widen. The geopolitical situation in the Middle East remains shaky. Attacks continued overnight between Hezbollah and Israel in southern Lebanon after the Iran-backed militant group rejected a U.S.-brokered proposal aimed at securing a broader truce. The U.S. and…