Energy Strength Underpins Grains

Dow Jones07-22 01:50
 

1350 ET - Movement in energy prices is supporting the turnaround seen in grain futures this afternoon, says Oliver Sloup of Blue Line Futures. "I think you see strength in the energy complex; oil, heating oil, RBOB also offering support," says Sloup. Light crude is up 2.5%, to $85.28 a barrel, according to LSEG data, with Brent crude oil up 2.2%, to $91.19 a barrel. Grains like corn have been riding waves with energy prices, due to the usage of it in renewable fuels like ethanol. Most-active CBOT corn is up 0.6%, while wheat rises 0.5% and soybeans fall 0.3%. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2026 13:50 ET (17:50 GMT)

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