05/03/2026 Sunday Market Preview

Grains were called toward a softer open while the news was quiet for crude oil, which was what traders would watch for change before Sunday night. In the Headlines Headlines were mixed as war news was relatively limited to this point in the weekend. President Trump on Saturday said he was “reviewing a plan that Iran has just sent to us, but can’t imagine it would be acceptable in that they have not yet paid a big enough price for what they have done…” A lower start for crude oil would snap a streak of nine straight Sundays of opening higher since the initial strikes against Iran. Moore Research calls out two seasonal trades for buying June crude oil and June RBOB gasoline. Both have entry dates of May 3 and exit dates of May 17. Both were winners in 13 of the last 15 years (large losses were incurred in the off years). There were more eyeballs on the currency market last week after an intervention by the Japanese government rallied the yen, which put weight on the dollar index. The yen was dropping toward its weakest level against the dollar since 1990 before the policymakers spent an estimated…