Volatility in the commodity markets has continued following Russia’s invasion of Ukraine earlier this week, but a market analyst expects prices to stabilize.
“The emotional reaction to the events in Ukraine has peaked.”
Bill Biedermann with AgMarket.Net tells Brownfield soybean and grain futures were unable to hold onto the early gains Thursday and wheat dropped overnight after hitting a nine-year high but those swings should end. “The market is going to need new emotional drivers to take out the highs that were established,” he says.
