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Analyst: Grains rise in tandem with crude oil

Analyst: Grains rise in tandem with crude oil

汇通财经汇通财经2026/03/05 18:06
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As tensions related to Iran continue to escalate, grain futures prices on the Chicago Board of Trade (CBOT) are rising alongside energy futures. Since corn and soybeans are core raw materials for producing renewable energy fuels such as ethanol and biodiesel, their price trends are more closely linked to oil futures. Brian Grete of Commstock Investments stated: "The overall market is pricing in the possibility that the Middle East conflict will be prolonged, as neither side has shown any signs that the attacks will end soon. This is fueling buying in the grain and soybean markets." So far, corn futures on the Chicago Board of Trade have risen by 1.6%, soybean futures are up 0.5%, and wheat futures have climbed 2.2%.
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