Tidbits, 2026 Outlook, Wheat Crops, Fertilizers, Iran, Broilers & Ethanol 2/20/26
- Wright team
- 16 hours ago
- 5 min read
Tidbits
Today is the last trading day for March options.
First notice day for March grain futures is next Friday, February 27. Be sure to exit or roll any long positions by the close on February 26 to avoid being involved in the delivery process.
Iran rejected the U.S. nuclear deal proposal, which was presented during negotiations in Geneva this week, as the Wall Street Journal reports. Iran counter-offered "modest concessions on its nuclear program.” U.S. officials say that the impasse in the negotiations is not likely to be resolved.
President Trump reportedly said: “I am giving a maximum of 15 days to reach a deal with Iran. If there is no agreement with Iran, then really bad things will happen.”
Crude oil was up $4.24 the past two days and made an eight-month high yesterday.
U.S. crude oil inventories fell by 9 million barrels in the week ended February 13, the largest decrease in five months and compared with expectations for a 2.1 million barrel build.
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