Farmers looking ahead to harvest should get hedged even though President Trump will use a Great Depression-era program to pay up to $12 billion to help U.S. farmers through the trade war talks. Maybe Willie Nelson should come play at the Trade talks with President Trump and President of the European Commission Jean-Claude Juncker. Any sign that Trump and Juncker can lay the groundwork for a trade deal could set oil, distillate, grains and metals on a tear.

Even with the recent rebound in the price of crude oil, don't look for production cuts to stop. Oil is breaking out as it is clear that crash in oil prices significantly changed the fundamentals and the future production growth curve.

Oil stocks might get a boost from the summer driving season, but Hess is a good bet to stay hot even when the weather turns cold.