agriculture News Updates

The Fertilizer Transparency Act would “offer market participants of all sizes comparable levels of market information on fertilizer components.”

The uncertainty has weighed on soybean prices, with Chicago futures headed for a weekly drop of around 4.5%, the most in nearly a year.

The strike follows accusations from union officials that owner JBS USA retaliated against workers and committed other unfair labor practices amid contract negotiations. 

Disruptions to crude oil supplies wrought by the Middle East conflict are boosting the appeal of crop-based biofuels, lifting demand for vegetable oils and corn.

The U.S. meatpacking industry faces a new wave of scrutiny, this time from Senate Democrats seeking to allow companies to process only one type of meat and set stricter limits on the beef market.

Agriculture traders rushed to adjust positions with the escalating conflict in Iran threatening to disrupt supply chains from corn and soybean meal to fertilizer and sugar.

Soy rose to its highest level in more than two years after strikes by the U.S. and Israel on Iran. Contracts in Chicago surged as much as 3.9% before paring some gains.

“One of the things in this industry is that there’s always uncertainties,” Krista Swanson, chief economist at the National Corn Growers Association, said in an interview.

Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products, and several plastics, textiles and chemicals.

Israel plans to make further trade concessions to the U.S. on food and agricultural goods as part of efforts to persuade its closest ally to ease tariffs on exports from the Jewish state.