Skip to content
Back to Guavy Wire
Commodities

US Grains Plunge, Hormuz Deal Hints at Reopening

Instruments
Wheat Corn
Share

Soybeans hit fresh lows ahead of the open, while wheat saw corrective strength overnight.

Corn and soybean futures continue to slide lower, with soybeans hitting a new low for the move. The USDA reported daily export sales of 120,000 MT of corn for delivery to Mexico, with 30,000 MT for delivery in 2026-27 and 90,000 MT for delivery during 2027-28.

The Strait of Hormuz remains a key focus as President Trump hinted at a possible deal on the waterway, which would allow for its reopening. Talks between the US, Iran, and Oman are reportedly moving along nicely, with an announcement expected within 48 hours.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc