With the optimistic sentiment rising on the end of the war, grain prices are falling.
The grain prices on the Chicago Mercantile Exchange are trending lower, following a report from Iran's national broadcaster stating that they have seen a draft framework being negotiated with the United States, which includes resuming commercial shipping to pre-war levels within a month. However, the agreement has not been finalized. Crude oil prices also fell, with light crude dropping by 4.5%. The most actively traded corn contracts on the Chicago Mercantile Exchange fell by 0.9% in early trading, soybeans by 0.4%, and wheat by 1.9%. Doug Bergman of RCM Alternatives stated in a report that if the weakness in futures continues, all types of grains will be on the verge of entering a "downtrend".
Latest

