Corn and Soybeans Rally as Oil Prices Jump and Volatility Returns

By Bryan Doherty

Successful Farming

An explosive upturn in energy prices — with crude oil recently reaching $119 per barrel (from the mid- $50s a month ago) and a strong influx of speculative money into the commodity complex — is providing underlying support for numerous contracts. Among these are corn, soybeans, and wheat.

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Soybeans, Cornkristen oaks