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ProFarmer
ProFarmer
(ProFarmer)

U.S., Israeli coordinated strikes in Iran roiled markets last week, though early week losses were short-lived as bulls roared to life late in the week, pushing corn, soybeans and wheat to for-the-move highs. A multi-year high in front-month crude oil futures played a roll in that strength. How long energy flows will be disrupted is still up to question, with experts estimating Operation Epic Fury could be done in a matter of weeks or it could last as long as September -- if not longer. We look at the impacts the war could have on fertilizers and acreage in News 4 this week. USDA released the spring reference prices for crop insurance. China and U.S. diplomats meet soon ahead of the Trump-Xi Summit later this month, a good sign as market participants were concerned China would be dissuaded by the Iran conflict. We cover all this and much more in this week’s newsletter.