The Iran war risk premium that swept through crop and fertilizer markets is rapidly evaporating as fears of prolonged supply disruptions fade. Prices for granular urea in New Orleans dropped to $453.50 per short ton, the lowest level since Feb. 6, according to Friday data from Bloomberg Green Markets. That’s down 36% from mid-April.
Ryan Hanrahan
Ryan Hanrahan is the Farm Policy News editor and social media director for the farmdoc project. He has previously worked in local news, primarily as an agriculture journalist in the American West. He is a graduate of the University of Missouri (B.S. Science & Agricultural Journalism). He can be reached at rrh@illinois.edu.
Screwworm Confirmed in New Mexico for First Time
The USDA confirmed an additional three cases of New World screwworm — including the first outside of Texas, in New Mexico — bringing the total number of detections in the US to five and raising concerns over a broader spread of the parasite.
Canada Bans Texas Livestock Imports After Second Screwworm Case
A second case of the flesh-eating New World screwworm has been confirmed in South Texas, intensifying concerns among agricultural officials and prompting Canada to suspend livestock imports from Texas as authorities mount an aggressive response to prevent the parasite from spreading deeper into the United States.
80% of USDA Food Assistance Workers Say They Won’t Relocate
The National Treasury Employees Union Chapter 226, which represents Food and Nutrition Service employees, says more than 80% of staff who took an internal survey claim they will not relocate to keep their jobs. Another union survey of other USDA employees tapped to relocate found similar results.
New World Screwworm Case Confirmed in U.S.
USDA confirmed the first detection of New World screwworm in the United States in decades after identifying the pest in a 3-week-old calf in South Texas, prompting an aggressive federal and state response aimed at containing the outbreak of the parasitic insect.
China Placing New US Soybean Orders, USDA’s Vaden Says
Deputy Agriculture Secretary Stephen Vaden said he expects China to honor its pledge to buy more American soybeans this year. Vaden said at The Wall Street Journal’s Global Food Forum that China has started placing orders for soybeans that are being planted right now across the U.S.
Trump Cuts Tariffs on Ag Equipment to 15%
President Donald Trump on Monday moved to reduce tariffs on heating and cooling equipment and certain heavy industrial and agricultural goods, as well as cutting levies on products from abroad made with American metals. The move is the latest by the Trump administration to limit the collateral damage of its trade wars.
New World Screwworm Found 31 Miles from US Border
A devastating parasitic fly — the New World Screwworm — that eats warm-blooded animals alive and could cause millions of dollars in economic damage to the U.S. economy has been found in a young sheep in Mexico within 31 miles of the U.S. border, the U.S. Department of Agriculture reported on Friday.
FTC Confirms Probe of Rising Fertilizer Prices
The Federal Trade Commission recently launched an antitrust investigation into the rising costs of fertilizer in the US, the agency’s head said at an event in Texas on Thursday.
Farm Bankruptcies Hit Six-Year High in April
During the month of April, 62 bankruptcies were launched under Chapter 12, a 130% jump from April 2025 and the highest monthly total since February 2020. That figure is also 82% higher than the 34 Chapter 12 filings in March 2026, the data showed.
Lawmakers Target Meatpacker Consolidation Amid High Prices
Sen. Chuck Schumer on Friday introduced legislation aimed at lowering grocery prices by increasing competition in the meatpacking industry, arguing that consolidation among the nation’s largest meat companies has contributed to higher beef prices.
China’s Retaliatory Tariffs Cost US Ag Exporters $15 Billion, Study Says
China’s retaliatory tariffs on U.S. agricultural goods wiped out an estimated $14.9 billion in export sales over a 12-month period, according to a new North Dakota State University analysis, with soybeans taking the biggest hit.
Trump Defends Chinese Purchases of U.S. Farmland
President Donald Trump defended Chinese purchases of U.S. farmland during a trip to Beijing (last) week, arguing that restricting foreign ownership would hurt American farmers by driving down land values. Trump’s Beijing comments appear to conflict with policies his administration itself promoted over the last year.
Accelerated Permitting, Grant Program to Boost Domestic Fertilizer, USDA Says
The United States Department of Agriculture is taking new steps to expand domestic fertilizer production, Secretary Brooke Rollins said at a press conference Tuesday, including accelerated permitting and the reviving of a Biden administration grant program to boost U.S. fertilizer production.
Deere Right-to-Repair Settlement Gets Preliminary Approval
A federal court on Monday granted preliminary approval to John Deere’s proposed antitrust settlement with farmers who filed right-to-repair lawsuits, giving producers until September 2026 to file objections. At the same time, a Chicago landscaping contractor sued Deere (last) Thursday in U.S. District Court in Illinois, accusing the company of many of the same antitrust violations alleged in a recently-settled $99 million lawsuit filed by farmers.
China to Buy $17 Billion in US Farm Goods Annually
China will purchase at least $17 billion in U.S. agricultural products annually through 2028, in addition to soybean commitments already agreed to, the White House said in a fact sheet released Sunday. The announcement followed President Donald Trump’s visit to Beijing last week for talks with Chinese President Xi Jinping and was among the few concrete deliverables from a summit Trump had pitched in March as a ‘monumental event.’
US Expects “Double-Digit Billions” of Ag Purchases from China
The United States expects China to sign up to buy ‘double-digit billions’ worth of U.S. farm goods following a summit between Presidents Donald Trump and Xi Jinping in Beijing, U.S. Trade Representative Jamieson Greer said on Friday.
House Passes Bill to Allow Year-Round Sales of E15
The U.S. House passed legislation on Wednesday that would allow nationwide year‑round sales of gasoline containing 15% ethanol, handing a major win to biofuel producers and farm groups while raising concerns among refiners about higher compliance costs. The proposal (now) faces an uphill battle in the Senate due to entrenched opposition from oil-state lawmakers.
Any US-China Summit Ag Deal Will Likely Be Limited, Experts Say
Farmers broadly expect an agriculture deal to be made at this week’s US-China summit, but enthusiasm is waning that it will be large enough to transform tough economic conditions. They’re also more resigned to US crops becoming a chip in trade negotiations rather than part of an open market.
Worsening Spring Drought Puts U.S. Wheat at Risk
The United States experienced its worst spring drought on record last month, with more than 60% of land in the lower 48 states experiencing moderate drought or worse. The drought has sparked alarm among farmers and environmentalists across the country, who warn that food supplies may be impacted and wildfires may blight areas where they are not usually seen.