A major international conflict the war in Iran has disrupted trade flows, pushing energy and grain prices sharply higher.
As tensions escalate, trade routes critical to international commerce have been disrupted, affecting supply chains at a time when farmers are preparing for spring planting.
Market reactions have been immediate, with several core commodities posting strong gains over the past week.
Grain markets have shown widespread strength, with corn, oats, soybeans, and soy oil all moving higher.
Soy oil, in particular, has benefited from rising crude oil prices and renewed optimism surrounding U.S. biofuel policies.