Except for lean hog futures, the CBOT and CME markets were higher on Tuesday in a combination of bullish factors. The day’s strength started after the Wall Street Journal reported that President Trump told aides he is willing to end hostilities in the Middle East even if the Strait of Hormuz remains mostly closed. That sent waves of hope through macroeconomic markets and pulled crude oil lower, with this reaction helping boost ag markets. Then, of course, there were the USDA reports: the quarterly Grain Stocks and the Prospective Plantings issues. As detailed below, the Grain Stocks report was mostly neutral for the major grain and oilseed markets with high stocks coupled with strong Q2 demand, which allowed markets to focus on the ac...