May canola is down $2.00/mt, May soybean oil is up .72 cents/pound, May European rapeseed is down 4.50 euro per mt and April Malaysian palm oil is up 1.73%. May oats are down 16 3/4 cents/bushel. May crude oil is down $7.61 per barrel, May ULSD is down $.3281 per gallon, and the June Canadian dollar is up .00070 at .73190. The June U.S. Dollar Index is down .359 at 99.100 and the April Brazilian real is up .00255 at 0.19015.

Amid all the conflicting messaging, the only thing that seems to be certain is the 48-hour deadline issued Saturday afternoon by President Trump for Iran to avoid an attack on their energy infrastructure by opening the Strait of Hormuz has been pushed back five days. So presumably until after markets close for the week.

There are no signs of any opening of the Strait, nor an end to the other bombing efforts by both sides. And all indications are that the U.S. marines are still on their way to be in place to take over Kharg Island if need be. And with all the uncertainty, markets are changing by the moment (or social media post in this case).

For now, grain and oilseed markets are mixed in extremely volatile trade. In the big picture, there is no indication of any hope for improvement on the fertilizer front in time for seeding with that likely to help prices overall. Time will tell.

In outside markets, Treasuries are holding onto gains seen following the surprising developments with stocks doing the same. That said, both are well off their best levels amid the confusion, conflicting reports and skepticism. Energy markets and the U.S. dollar remain sharply lower.

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