Crude oil, gold, and even grains opened higher in response to the military action in the Middle East. According to AgBull Trading President Tommy Grisafi, traders had time to absorb the news, and markets calmed down. How should farmers respond to these black swan events? “These are selling opportunities,” said Grisafi. “This conflict, war, whatever you want to call it, it’s not going to go on forever. Even President Trump came out and said he thought it would be over in a few weeks. These are selling opportunities because we’re not running out of oil. We’re not running out of grains. We’ve had a wonderful pop in wheat. I actually have clients who are 25, 50 cents away from targets here in spring wheat.”
