The move was the sharpest drop for a most-active contract in three weeks, with almost all grain and oilseed futures in Chicago declining. The two-week pledge between the nations could help ease global supply disruptions sparked by the war, with the weeks-long effective closure of the Strait of Hormuz stalling flows of fuel and fertiliser that are vital to crop production.

Source: The Edge Markets April 08, 2026 02:11 UTC