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Russia announced on Saturday that it was suspending its involvement in the agreement that has allowed Ukraine to ship grain and other commodities from its Black Sea ports. The UN estimates the Black Sea deal has saved 100 million people globally from extreme poverty.

Executives with oilseed giant Bunge say the growing global demand for biofuels will continue to support the soybean sector for some time.

Archer Daniels Midland company CEO Juan Ricardo Luciano said in the company’s third-quarter earnings call Tuesday that low water levels on the Mississippi River will likely reduce soy exports from North America.

USDA-FNS authorized $3 million to Auburn University’s Hunger Solutions Institute to work with six retailers in Alabama, California, Georgia and South Dakota to implement at 116 locations its Healthy Fluid Milk Incentives Projects to encourage increased consumption of healthy dairy products.

USDA is awarding $64 million to 185 grants through its Local Agriculture Market Program’s Farmers Market and Local Food Promotion Programs and Regional Food System Partnerships to expand the availability of locally grown agricultural products and expand regional food systems.

USDA economists are increasing their estimate of food price inflation this year and for 2023, saying that prices will rise more slowly next year but still above the historical average.

Tyson Foods has agreed to pay $10.5 million to settle a lawsuit brought by Washington state alleging price-fixing in the broiler chicken industry.

Hurricane Ian caused $1.2 billion to $1.9 billion in damage to Florida agriculture when it tore through the state last month, with one-third of the losses in the citrus industry alone, the Florida Department of Agriculture and Consumer Services reported Monday.

The Office of the U.S. Trade Representative has rejected a petition from lawmakers to conduct a Section 301 investigation into claims that U.S. fruits and vegetables are suffering from unfair imports flowing in from Mexico, but the Biden administration says it still wants to help U.S. farmers.

The Biden administration's top ag official says $800 million in debt relief announced earlier this week will not only help distressed farmers facing foreclosure but provide “opportunities for more farmers to receive help.”