Energy and fertilizer values force grains higher overnight.

March 6, 2026

Grain futures pushed higher again in the night session, following a resurgence in crude oil prices overnight, as the White House’s plan to help stem oil prices was pulled off the table. This has crude oil pushing to the $87 range, which hasn’t been seen since 2022. This buying is coming from forward purchasing by airlines, trucking companies, farmers, and all parties concerned about its future availability, who are rushing to procure forward supplies. The Trump administration is still working on a policy to help alleviate surging world energy prices. The strategic reserve is part of the plan, but it was originally put together in its current form to backstop foreign oil purchases in the event of a Force Majeure.