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Key nitrogen fertilizer prices are falling as the world waits to see if a preliminary U.S.-Iran peace deal will hold. Even in the best-case scenario, it will take time to get facilities back up and fully running, says Bloomberg Intelligence analyst Alexis Maxwell. 

The Agriculture Department plans to relocate “much of” the Foreign Agricultural Service’s Washington D.C.-based workforce to Kansas City, Missouri, and Beltsville, Maryland, as part of its reorganization plan, the agency announced Wednesday.

The Agriculture Department is putting $105 million into 40 research projects aimed at better equipping the U.S. to combat the spread of New World screwworm, the agency says. The National Corn Growers Association and 15 state corn organizations are calling on USDA to fund research supporting the full value of corn as a driver of new market opportunities and farm revenue.

The European Union has adopted a regulation allowing streamlined approvals for gene-edited plants — a development that seed and biotech companies are lauding as a breakthrough on a continent known for its strict oversight of agricultural production.

Price indicators for key farm inputs tumbled on Monday following news of the U.S.-Iran preliminary peace deal. The latest U.S. soybean crush data signals robust oilseed processing for the June-August quarter, says Arlan Suderman, chief commodities economist for StoneX Group.

President Donald Trump announced a “deal” with Iran Sunday involving the reopening of the Strait of Hormuz. Circularity Fuels says it has completed the world’s first end-to-end conversion of raw agricultural biogas into sustainable aviation fuel, putting the California startup closer to making SAF at a cost rivaling standard jet fuel.

A peace deal between the U.S. and Iran was forged Sunday after 107 days of war that wreaked economic chaos on global fuel and fertilizer supply chains. In Washington, the House is in recess all week while the Senate reconvenes Monday afternoon.

The costs states face in co-funding the Supplemental Nutrition Assistance Program are comparable to the roughly $15 billion spent on transportation in fiscal 2025, the National Association of State Budget Officers tells Senate and House Agriculture committee leaders. USDA Undersecretary for Food Safety Mindy Brashears says 7,000 inspectors with the Food Safety Inspection Service are “leading the animal health charge” in the fight against New World screwworm, and the parasitic pest does not pose a threat to the food supply.

President Donald Trump on Wednesday expressed doubts about renewing the U.S.-Mexico-Canada agreement, which is up for reconsideration this year.

Agriculture Secretary Brooke Rollins used her time with the International Fresh Produce Association to highlight the administration’s deregulation push, as well as efforts to reshape federal nutrition policy, expand export markets, lower labor costs and support specialty crop producers.