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Iran War, Brazil Quality Issues Send Grain Markets Sharply Higher This Week
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Iran war, Brazil quality issues send grain markets sharply higher this week
Jamie Dickerman of the Red River Farm Network said the grain market swing witnessed at the start of this week was one of the wildest he’s witnessed so far. The corn, wheat and soybean markets hit heights not seen in months or even years in some cases, and it’s largely due to the war in Iran, according to Randy Martinson, president of Martinson Ag Risk Management. He and Dickerman discussed the monumental week during the Agweek Market Wrap on Fri…
In a context of conflict in the Middle East, geopolitics has taken over the evolution of prices. The explosion of gas and oil prices makes the explosion of agricultural raw materials take off.
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