Iran is in the Middle East, which is a major supply region for crude oil, natural gas, and fertilizers. We will show changes for 1) corn and soybean prices, 2) crude oil prices, and 3) fertilizer prices. Crude oil then began a general downward trend, reaching lows below $60 per barrel at the beginning of 2026. If crude oil continues to rise, diesel fuel prices could be above $4.50 per gallon, similar to the last time crude oil prices exceeded $120 per barrel. SummaryConflicts in the Middle East are raising energy and fertilizer prices, which will affect 2026 corn and soybean returns.

Source: Wall Street Journal March 18, 2026 16:28 UTC