Oil prices climbed past 80 dollars a barrel after the U.S. resumed strikes on Iran, but diesel prices in Washington, Oregon, and Idaho actually dipped slightly at the pump.
The USDA said it has fired 70 foreign contract researchers after a national security review intended to secure the U.S. food supply from adversaries including China, Russia, North Korea and Iran.
After staying in the low- to mid-$60 per barrel range for the past several weeks, oil prices jumped up north of $70, thanks to the back-and-forth airstrikes between Israel and Iran. Patrick DeHaan with Gasbuddy.com said this is the latest in a long list of issues that investors have had to digest this year, including tariffs, trade wars, and Russia/Ukraine.
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Officials from Russia and Ukraine signed a deal Friday to reopen grain exports from Ukraine’s Black Sea ports. John Deere may be violating the Clean Air Act by limiting repairs on the emission control systems of its machines.
The Purdue University/CME Group Ag Economy Barometer continued lower in June, down two points to a reading of 97. A new United Nation’s report shows the number of people affected globally by hunger rose to nearly 830 million in 2021.
Negotiations continue on a new labor contract for the more than 22,000 workers at West Coast ports. Farmers are invited to submit nominations for the 2023 Farm Bureau Farm Dog of the Year contest, co-sponsored by Purina.
Growth Energy is urging the Department of Energy to address a recent “inaccurate and misleading” study about ethanol that claims to be partially funded by the department.