The sharp reversal in Chicago wheat, Saudi Arabia’s wheat tender, US export inspections, and the escalating energy risks tied to President Donald Trump’s war on Iran.

The geopolitical-driven rally in grains, escalating tensions in the Middle East, OPEC’s production increase, U.S. export sales, and speculative positioning in C-B-O-T markets.

Wheat’s pullback after last week’s rally, continued strength in soybeans, positioning shifts in matiff wheat and rapeseed, and escalating geopolitical tensions between the United States, Israel, and Iran.

Mixed wheat trade activity, EU export momentum, renewed focus on Chinese soybean demand, US Plains weather developments, and the broader policy signals from President Donald Trump’s State of the Union address.

US tariff uncertainty, winter wheat conditions in the Plains, US export inspections, and fresh warnings from the US banking sector.

The continued rally in wheat markets, shifting fund positioning in grains, Argentina’s improving crop outlook, and renewed tariff uncertainty ahead of President Donald Trump’s China visit.

The continued short covering rally in wheat, updated supply and demand signals from the Agricultural Outlook Forum and the IGC, drought and wildfire risks in the U.S. Plains, and rising geopolitical tensions between the U.S. and Iran impacting oil markets.

Wheat short covering driven by geopolitical headlines, new acreage expectations ahead of the USDA Outlook Forum, fund positioning in matiff, oil price volatility linked to US-Iran tensions, and concerns around ECB independence.

Soybean resilience on strong crush data, lower corn and wheat prices, updated EU export figures, and progress in U.S.-Iran nuclear talks impacting oil markets.

Weaker U.S. futures following the holiday, rising Russian wheat F-O-B values, Morocco’s improved harvest outlook, the upcoming USDA Agricultural Outlook Forum, and escalating U.S.–Iran tensions ahead of talks in Geneva.