Prices are rising in agricultural markets due to the conflict in the Middle East

Agricultural raw material prices are rising this Monday due to the conflict in the Middle East. Concern in the Spanish agricultural sector about its impact on diesel and costs. The quotations of the European operator of stock markets Euronext in Paris and the Chicago Stock Exchange (USA) have risen in the contracts for corn and wheat, as well as for rapeseed in the case of Europe, because, according to sector analysts, the raw material trade has all its eyes on the Strait of Hormuz and the conflict in the Middle East. Wheat futures contracts have risen by up to 1.25%, corn futures between 2% and 4.75%, and rapeseed futures have reached increases of up to 8.75% in Euronext. The increases are more moderate in Chicago, where the price of corn has risen by up to 2% and that of wheat, so far, only shows notable increases for the contracts that expire in March 2026, (4.75%); those for soybean oil have risen by up to 1.9%. Spain is a deficit country in all these raw materials. Twenty ...