04/09/2026 Click Above to Watch the Morning Market Talk Video Markets Stabilize but Aren’t Stable Amid Fragile Ceasefire On the Grains Grain and soy futures strengthened overnight, as the wheat market recouped a portion of Wednesday’s sharp losses, corn futures regained what they lost and soybeans extended yesterday’s gains. Soyoil followed the crude oil market higher in a modest correction to Wednesday’s sharp losses. The broader marketplace is proceeding cautiously as traders wait to see if the fragile ceasefire holds and await the upcoming talks between U.S. and Iranian officials. The Strait of Hormuz remains largely closed, with limited ship movement as shipowners and insurer groups said more details will be needed to determine if safe transit is possible. Reports of strikes in the Middle East have eased, but Israel’s desire to keep up attacks on Lebanon is a potential stumbling block. Markets have stabilized from Wednesday’s sharp price moves but are not stable… far from it. Volatility will remain elevated until there’s much more certainty on the geopolitical front. WASDE Report Day… If It Matters USDA’s WASDE Report at 11 a.m. CT is expected to feature minor fine-tuning to its balance sheets, with the distinct possibility that USDA punts…