The move would suspend the annual tariff-rate quota, which would enable more of the product to enter the U.S. at low rates.

One of the biggest impacts on the industry from the war is higher transportation costs. The cost of retail diesel touched record seasonal levels in mid-April.

ADM shares were up 1% in premarket trading. The stock has climbed more than 30% so far this year, bolstered by optimism for policies that increase the use of biofuels. 

The world’s largest brewer reported a 0.8% rise in organic volume growth in the first quarter, with beer up by 1.2% according to a statement May 5. 

The use of so-called alternative marketing agreements between cattle feedlots and meatpackers, instead of open auctions, has long drawn scrutiny.

While Tyson’s adjusted earnings for the quarter beat analyst estimates, the company now expects its beef segment to lose $350 million to $500 million in 2026.

Recreational vehicle suppliers LCI Industries and Patrick Industries terminated discussions over a potential merger.

Amazon on April 29 reported a strong increase in profit and net sales during the first quarter, helped by surging growth in its prominent cloud computing unit.

For the first three years of the AI boom, Amazon watched as cloud customers seeking the latest and greatest from OpenAI took their business to Microsoft.

Walmart raised $4.25 billion from a high-grade bond offering, boosting the size of the deal amid a flood of issuance that was mostly well received.