Daily Review 13.04.2026

The failure of negotiations between the US and Iran over the weekend brought back the geopolitical premium for wheat and corn, but soybeans are trading lower as the liquidation of long positions by funds and the incomplete recovery of oil are putting pressure on the complex. Grain markets started Monday mixed: wheat and corn rose sharply due to the renewed risk in the Middle East following the failure of negotiations between the US and Iran, while soybeans fell due to the weakening of soybean oil and the reduction of positions by speculative funds ahead of a week dominated by the Conab report on Brazil, updates on crop development, and critical weather conditions for the pollination of safrinha in central Brazil. Failure of negotiations with Iran: geopolitical premium returns — partially The main event of the night was the failure of negotiations between the US and Iran, which increased the price of oil by $3.03 this morning — although it remains more than $5 below the night ...