Crude Oil Selloff Weighs Heavily on Grain and Oilseed Markets
A decline in crude oil prices weighed heavily on grain and oilseed markets on Monday, July 27. The de-escalation of the Mideast conflict contributed to this downturn.
According to Phil Franz-Warkentin of the Western Producer Markets Desk, canola, soybeans, corn, and wheat futures were all lower due to the selloff in crude oil.