Iran/US Events Affect Ag Market Prices

It's unclear just how the events taking place in the middle east right now between Iran and the US, will affect market prices, including agriculture commodities.

 

Adam Pukalo with PI financial says the bombing near Baghdad that killed a top Iranian government official started pulling down grain markets on Friday.

 

"That is sending a little bit of a ripple effect throughout the markets here. Gold futures are increasing about $25. Oil is up about $2.25. Overall that is bringing down the grain markets here today, with most notably, soybeans lower by about .18 cents. It isn't the right foot to start off on the new year here but this is where day events like this may not have a long term lasting effect. however, nobody will know if this will add more global tension in the world."

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