Soybeans and Corn Extend Gains as US-Iran Hostilities Escalate
Soybean and corn futures prices rose further following escalating US-Iran tensions that drove crude oil prices higher. The surge in oil prices makes biofuels, which are derived from these agricultural commodities, more economically attractive compared to petroleum-based alternatives.
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Soybeans and Corn Extend Gains as US-Iran Hostilities Escalate
Soybean and corn futures prices rose further following escalating US-Iran tensions that drove crude oil prices higher. The surge in oil prices makes biofuels, which are derived from these agricultural commodities, more economically attractive compared to petroleum-based alternatives.
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