Worsening war issues in the gulf. US macros oddly quiet overnight with crude lower not higher. US ag futures lower but not meaningfully so after yesterdays rally.
Morning Wire

Worsening war issues in the gulf. US macros oddly quiet overnight with crude lower not higher. US ag futures lower but not meaningfully so after yesterdays rally.

Tuesday May 5th, 2026 Major news: – Pres Trump doing a number of things.  First, suggesting the war will be over in 2-3 weeks.  Hey chicken little, you said 4-6 weeks 9 weeks ago and you said 2-3 more weeks a couple times already.  Nobody buys it anymore.  If you…

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A technically benign bounce in US ags overnight on light volumes. Who knows what the day session will bring today flat price.
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