Tensions from the ongoing conflict between the U.S. and Iran have captured ag market attention, injecting a risk premium into energy and commodity trading and influencing nearby markets as well. In the grain pits, corn has approached notable resistance levels, while old-crop supplies are still being offered into the bid. Many farmers are watching market action closely, trying to balance opportunities to move old crop before it slips further with strategic new-crop sales as planting season nears. With outside market pressure and geopolitical uncertainty still at play, traders are watching price behavior and chart resistance areas for signs of follow-through.
Tuesday Market Wrap Up with Bryan Doherty with Total Farm Marketing:
