Welcome back to Markets Desk, your midday read on what's moving markets right now.
Corn staged a clean reversal Tuesday, with front-month futures closing five to nearly seven cents higher after Monday's selloff. The CmdtyView national cash price climbed to four dollars and twenty-eight cents, supported by a USDA private export sale announcement that gave bulls something to work with heading into the close.
Shifting to energy and geopolitics, the United States confirmed it intercepted what officials described as a surprise Iranian missile attack, ending a brief pause in direct air strikes. That kind of escalation tends to tighten risk premiums across crude markets, and it adds a new layer of uncertainty for traders already navigating elevated volatility in the Middle East corridor.
On the equity side, Ford shares jumped after the automaker leaned heavily on pickup trucks and traditionally powered vehicles to limit a broader sales decline, matching a playbook General Motors has already run successfully. The result is a reminder that internal combustion still anchors Detroit's balance sheet, even as the industry talks up its electric future.
That's the tape. Markets Desk, signing off the floor.
