Grain markets are aiming for better results as they adjust to continued military action in the Middle East.
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Rising prices from conflict could influence acres
Precipitation was variable for the ICIA corn hybrid trials. Pockets in the southeast got better results than ever before while “other pockets in the area couldn’t buy a drop of rain,” said Ryan Budnik, executive director of the Iowa Crop Improvement Association.
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The bombing in the Middle East this past weekend and subsequent fallout is under evaluation as markets start March action.
A longtime grain analyst sees positive market effects after the U.S. Supreme Court ruled some of President Donald Trump’s tariffs illegal Feb. 20.
A increase in the Chinese soybean commitment would help U.S. crops balance sheets, Price Futures Group analyst Austin Schroeder said.
