Crop Prices Drop as Hormuz Reopening Would Ease Farm Input Shock


Still, some of the war-driven premium had already begun to fade across crop markets in recent weeks, partly due to ample global stockpiles and a decline in fertilizer costs. Monday’s losses extended that downturn. Corn and wheat both dropped about 0.7% in Chicago. Soybean oil, which is used in biodiesel, declined about 1%, and soybeans traded lower.



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