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Grain does not follow oil market trend

Jurphaas Lugtenburg Market Reporter Soft Commodities at DCA Market Intelligence · Published Mar 3, 2026
Grain does not follow oil market trend
After the American and Israeli attack on Iran that began last Saturday, we had the first trading day on the markets yesterday. Brent oil closed over 6% higher and the European natural gas futures market even rose by 35%. In the grains market, that trend in energy was not followed. On the contrary, both in Paris and Chicago, the prices took a step back. This is somewhat remarkable as there was quite a bit of bullish news. In Europe, there is damage to the winter grains due to wetness and cold, as stated in the Mars bulletin.

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