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Strait of Hormuz disruptions and refinery attacks drive fuel costs higher as farmers face a 2026 planting season crunch.
Grains led weakness overnight with corn and wheat both falling under initial technical support.
Future expectations gauge falls to lowest since September 2024, Purdue University-CME Group Ag Economy Barometer shows
Amid Middle East war, grain markets not faring too badly
Escalating war in the Middle East is raising concerns about a potential spike in fertilizer prices, adding new uncertainty for farmers preparing for the upcoming growing season.