August Wrap-Up Weather, Geopolitics, and Fuel Costs Keep Commodity Markets Busy

August just flipped the commodity script. Grains rallied HARD into harvest (not the usual drop): Corn → multi-year highs Wheat → 3-year highs on Black Sea chaos. Meanwhile, diesel exploded to $5.45–$5.65/gal (+$1.70–$1.90 YoY) with inventories at multi-decade lows. Weather. Geopolitics. Fuel costs—sticky inflation. Everything is connected—and September is already heating up. Full August wrap-up.Unloading grain by oticki via Shutterstock