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Corn market to take a hit if Cruz is elected?
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JonSCKs
Posted 12/3/2015 13:32 (#4936270 - in reply to #4936251)
Subject: So read the article..


You haven't read the article have you?

( http://www.ft.com/intl/cms/s/2/b8234932-719b-11e5-ad6d-f4ed76f0900a...

As far as Iranian oil.. it's coming here.

( http://oilprice.com/Energy/Crude-Oil/More-Iranian-Oil-Could-Hit-The-Market-Now-That-Iran-Deal-Is-Assured.html )

U.S. President Barack Obama’s signature foreign policy initiative – the historic nuclear deal with Iran – appears poised to fend off Congressional opposition.

After several Democratic lawmakers in the U.S. Senate came out in support of the Iran deal in recent days, the survival of the accord is all but assured. Democratic Senators Ron Wyden (D-OR) Richard Blumenthal (D-CT), and Gary Peters (D-MI) allannounced their support for the nuclear deal with Iran, bringing the total number of Senators who have backed the deal to 41, enough to withstand attempts by Republicans to derail the agreement.

The deal will give international nuclear weapons inspectors access to Iranian nuclear facilities, and freeze nuclear activities for 10 years. In exchange, Iran will see sanctions relief.

Related: Does Selling Oil From The Strategic Petroleum Reserve Make Sense?

That could lead to the revival of Iran’s oil industry, potentially allowing Iran to ramp up oil production and exports. Estimates vary, but Iranian officials are making ambitious statements about its comeback. Iran’s oil minister Bijan Zanganeh has said that his country will be able to ramp up oil production by 500,000 barrels per day immediately after international sanctions are removed, followed by an additional 500,000 barrels per day not too long after that. 

I'd have to do some digging but the stocks report on Crude specifically mentioned Iranian crude coming to the US..

Your buying it at the pump.. enjoy the cheap prices this holiday.

Cheers. 

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