Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybeans and wheat trimmed their losses but extended their losing streaks. Buyers finally pushed back. Whether that marks a turning point — or just a pause in the pressure — depends on what comes next.

Geopolitics: Peace Possibilities, Price Pressure Geopolitics is adding another layer of pressure to grains. According to the Kremlin, President Vladimir Putin agreed in principle to resume negotiations with Ukraine and the United States after Nov...