Federal Reserve Is Concerned About the Iran War’s Impact on Commodity Markets | Iowa Agribusiness Radio Network

Federal Reserve is concerned about the Iran war’s impact on commodity markets | Iowa Agribusiness Radio Network

The war with Iran is causing upheaval in the commodity markets. The early volatility has seen an increase in the price of corn and soybeans, but it has also included sharp setbacks. Even more concerning is the risk presented to U.S. farmers and consumers as the conflict in the Middle East drives energy and fertilizer prices higher. During his press conference on Wednesday, Federal Reserve Chairman Jerome Powell says the impact is concerning. http

Powell: Iran War Impact on Commodity Markets is Concerning

The war with Iran is causing upheaval in the commodity markets. The early volatility has seen an increase in the price of corn and soybeans, but has included sharp setbacks. More concerning is the risk presented to U.S. farmers and consumers as the conflict in the Middle East drives energy and fertilizer prices higher. The chairman of the Federal Reserve addressed this during his press conference on Wednesday. Jerome Powell says the impact is co…