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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A Successful Farming article quotes a former USDA official who says the 2023 legislation could be in trouble if the political turbulence surrounding the last two farm bills keeps going.
Futures prices for wheat, corn, and soy have been trending upward since August. The 6-month trend of rising prices accelerated in the first weeks of 2021.
The U.S. has become one of the largest agricultural importers in the world, with imports up significantly from $27 billion in 1994 to $128 billion in 2019.
The California Leafy Greens Marketing Agreement has made more than 50 changes to rules as they continue a review of its practices following recent E. coli outbreaks.
The National Pork Producers Council is calling Impossible Foods' naming of its plant-based products designed to mimic real pork a brazen violation of labeling law.