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
EPA Administrator Scott Mason shares updates on farm equipment regulations, regional accomplishments, and federal efforts supporting agriculture in honor of National Ag Day.
Crush demand is supporting soybeans despite biofuel uncertainty.
Export growth remains key for grain profitability.
RealAg Radio host Shaun Haney explains how conflict in the Middle East is affecting spring planting as farmers navigate the evolving situation.
NCGA Chief Economist Krista Swanson discusses the evolving role of ethanol in the current energy crisis, opportunities for expanding corn discusses the evolving role of ethanol in the current marketdemand, and the industry’s outlook moving forward.
E15 policy could shape future corn demand outlook.
