West Central Ag Grain Comments 03/09/26 8:47:06 AM
3/9/26
- Good morning. Overnight commodity markets have been mixed and volatile to get the new week of trade started this morning, with the war in Iran and the broader geopolitical situation associated with it appearing to remain the main market features at least early on. There's been a noted flow of money out of equities and into commodities over the last week or so, and this, more than any fundamental, has been the main source of the March rally in ag prices. Corn futures to start Monday morning are trading 5-7 cents higher and are some 10-12 cents off the highs, soybean futures are trading 10-12 cents higher and are some 15-20 cents off the highs, and the Chicago wheat market is trading 2-3 cents higher and is some 20-25 cents off its highs. Crude oil futures are up $11+/bbl and are above the $100 mark for the first time since 2022, but are also some $15-20/bbl off the highs.
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