A Top Iran War Takeaway? Greater US Surpluses of Food and Energy - The US is a net exporter of crude oil, natural gas, corn, soybeans and wheat, and the recent pump in prices due to the Iran war may incentivize more supply and curb demand. A key takeaway from the March 4 All Day Ag Outlook in Covington, Indiana, was the need for domestic demand to support grain prices. Biofuels are the top candidate, which means more energy supply. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tbmmqckiuq79 {BI COMD} #crudeoil #naturalgas #energy #grains @markets(Mike McGlone)