Grain markets are reacting to fresh headlines to start the week, including reports that Ukraine carried out another attack on a Russian fertilizer facility. Weather is also back in the conversation, with a hit-and-miss pattern across the western U.S. and wetter conditions in the eastern Corn Belt.
Meanwhile, negotiations between the United States and Iran failed to reach an agreement over the weekend, as Iran reportedly refused to scale back nuclear ambitions or reopen the Strait of Hormuz. In response, Donald Trump has ordered a targeted blockade of Iranian-linked shipping, while still allowing non-Iranian vessels to pass—keeping global trade tensions and market uncertainty elevated.
Monday Market Wrap Up with Matt Bennett
