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Story summary
- On April 13, 2026, grain markets experienced mixed movements, with May corn rising 4 cents and May soybeans increasing 1.5 cents, while May KC wheat climbed 15 cents.
- Crude oil surged by $8.45, and Dow Jones futures fell by 518 points.
- The U.S. Dollar Index increased by 0.46, and June gold dropped by $98.10.
- Energy markets reacted to failed U.S.-Iran negotiations, leading President Trump to announce a blockade of the Strait of Hormuz.
- Drought conditions persist in 68% of U.S. winter wheat areas, despite recent rainfall benefiting corn and soybean regions.
