The markets are closely watching the ceasefire that is now in effect between Israel and Iran and how it will impact oil prices.
President Trump announced the deal Monday, and tensions have cooled after pressure from the United States. Oil prices fell shortly after, hitting a two-week low. Petroleum analysts tell Reuters the ceasefire effectively wiped out all risk that was built up over the last two weeks.
Analysts are also closely watching to see if Iran retaliates by closing the Strait of Hormuz, which is one of the world’s major transportation routes.
Related Stories
Scoular’s Jeff Frazier said the combination of new markets, improved genetics, and crop-rotation benefits is creating new opportunities for High Plains producers considering winter canola.
The nationwide E10 rollout creates a new export opportunity for U.S. ethanol and additional demand potential for corn growers.
Council leaders see new opportunities to create international demand for U.S. agriculture.
The company is developing technology to help farmers catch storage problems earlier.
