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“Overnight strength, tied to higher energy prices, flipped shortly after 6 this morning when President Donald Trump ordered a halt to strikes on Iran’s energy infrastructure for five days amid “productive” talks. Headline to headline trading continues. The USDA announced a flash sale of 102k mt (4 mil. bu.) of corn to Mexico. Look for May ’26 to hold in a $4.40-$4.80 range with energy prices likely to drive any directional breakout. Dec. ’26 stopped just shy of its March high of $4.98 ½ before pulling back,” Mark Soderberg of ADM Investor Services said.