Iran
Alan Brugler of A&N Economics says the market had anticipated some buying ahead of the meeting as a goodwill gesture and the corn and wheat markets have been especially disappointed.
Kevin Duling with KD Investors says the algorithm traders continue to trade the war headlines even though it is unlikely there will be any change in the status quo.
Darren Frye with Water Street Solutions says the market also removed some geopolitical or war premium with talk of possible progress on the wars in the Middle East and Black Sea region.
Prospects for peace weigh on wheat, corn and energy prices as president addresses geopolitical tensions ahead of China summit.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Heightened tensions in the Middle East are creating renewed Strait of Hormuz uncertainty. Josh Linville explains why fewer vessels, rising risks and global uncertainty could drive fertilizer prices higher for fall.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?