09/07/2026 Monday Market Preview

Grains were poised for a relatively quiet open with mixed prices carrying over from last week, when corn futures were caught between stronger soybeans and weaker wheat. In the Headlines About 50 million Americans were expected to travel this Labor Day Weekend. The TSA said the number of flyers was projected to fall slightly from a year ago. Driving mileage would likely be stagnant in reflection of record gas prices for the holiday. AAA registered the national gasoline price average at $4.15 versus $3.19 last year. Iran attempted to strike two U.S. Navy ships to prompt retaliation against three Iranian oil tankers. An Iranian official threatened to target U.S. energy assets across the Middle East. Another official said there would be an “exclusion zone” established just outside the Strait of Hormuz. Hostilities over the weekend likely slowed oil flows following what U.S. Energy Secretary Chris Wright said was an average of 9 million barrels passing through the Strait of Hormuz per day. President Trump held a press conference alongside USDA Secretary Brooke Rollins to announce new executive orders aimed at supporting American ranchers and promoting fair competition in livestock markets. Among the directives was prioritization of investigations into “a marketplace…