# Analyst: Grain industry resilient amid Iran conflict | World Grain

> Rabobank's Stephen Nicholson says the US-Israel attack on Iran entering its second week is raising grain freight rates, while commodity prices are mostly steady. He says Suez and Hormuz are not major grain bottlenecks, but the duration of the conflict will determine whether the impact grows. Higher fuel surcharges and basis cuts are expected along the supply chain.

- Date: 2026-03-09 · published 2026-03-09T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/16870-analyst-grain-industry-resilient-amid-iran-conflict-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher freight and fuel surcharges raise delivered costs for feed buyers and narrow farmer basis, even without physical grain disruption. A prolonged conflict would increase the pressure on prices.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-03-24 | [Farm Input Costs Surge Amid Iran Conflict - AgWeb](https://feedsoft.ai/events/4632-farm-input-costs-surge-amid-iran-conflict-agweb.md) | +7.5% | -8.1% |
| DIESEL | 2026-03-01 | [Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say \| Reuters](https://feedsoft.ai/events/8002-oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say.md) | +36.4% | +69.9% |
| DIESEL | 2026-03-01 | [Oil jumps, dollar rallies with gold as conflict grips Middle East \| Reuters](https://feedsoft.ai/events/10713-oil-jumps-dollar-rallies-with-gold-as-conflict-grips-middle-east-reuters.md) | +36.4% | +69.9% |
| DIESEL | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +10.8% | +24.3% |
| DIESEL | 2024-10-03 | [Oil jumps over $3 a barrel as Middle East conflict stokes supply worry \| Reuters](https://feedsoft.ai/events/10023-oil-jumps-over-3-a-barrel-as-middle-east-conflict-stokes-supply-worry-reuters.md) | +4.4% | +0.8% |
| WTI | 2026-03-24 | [Farm Input Costs Surge Amid Iran Conflict - AgWeb](https://feedsoft.ai/events/4632-farm-input-costs-surge-amid-iran-conflict-agweb.md) | +17.0% | +4.7% |
| WTI | 2026-03-01 | [Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say \| Reuters](https://feedsoft.ai/events/8002-oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say.md) | +35.6% | +50.4% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/22501-analyst-grain-industry-resilient-amid-iran-conflict

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.