Grains looked poised for slight strength at the open behind crude oil advancing back toward a test of $100 per barrel, but with all markets still subject to shedding risk premium on the possible next headlines about de-escalation with Iran. In the Headlines Sunday headlines were dominated by the shooting incident at the White House Correspondents’ Dinner, where President Trump may have been the target of a gunman who was apprehended. The suspect was a U.S. citizen but his motives were unknown as of yet. The top news before Saturday night was that President Trump cancelled negotiations with Iran. Special Envoy Steve Witkoff and Trump son-in-law Jared Kushner were previously set to join Vice President JD Vance on the trip to Pakistan, but Vance dropped out before the others were pulled back. Trump posted about Iran: “Nobody knows who is in charge, including them.” The rest of the weekend was being monitored for skirmishes around the Strait of Hormuz, which the U.S. Navy was working within to clear Iranian sea mines. The count continues for what could be nine straight Sundays of crude oil futures opening higher since the initial strikes against Iran on February 28th. Oil futures held onto…
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