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Geopolitics influencing grain markets

Geopolitics continue to influence grain markets.

Glenn Wachtler with Compeer Financial’s Grain Team says ongoing conflicts in the Black Sea region and Middle East can spark price volatility at any moment.

“The worldview geopolitical situation is really like a pot that’s simmering, and we hope that we can just kind of keep that boiling just at a minimum without boiling over. Because the geopolitical situation is not going away soon.”

He tells Brownfield farmers will have to navigate that as they market corn and soybeans.

“It’s really hard to base your trading decisions around that, but that has to be in the back of everyone’s mind.”

He says that’s just another reason to be more current on marketing plans and to use risk management tools as a “fail safe.”

Wachtler made these comments during a content partnership agricultural podcast series between Compeer Financial and Brownfield Ag News.