The extended closure of the Strait of Hormuz and extreme weather have jolted farm commodities prices to a two-year high, as fertilizer headaches and the prospect of smaller harvests drive food inflation risks.
The extended closure of the Strait of Hormuz and extreme weather have jolted farm commodities prices to a two-year high, as fertilizer headaches and the prospect of smaller harvests drive food inflation risks.
Fertilizer is spread onto a corn field at a farm in Ruleville, Mississippi. Photographer: Rory Doyle/Bloomberg
Prime Minister Keir Starmer insists he’ll remain in the job and lead the Labour Party into the next general election, even as the controversy over his appointment of Peter Mandelson as ambassador to the US refuses to die down.
Prime Minister Keir Starmer insists he’ll remain in the job and lead the Labour Party into the next general election, even as the controversy over his appointment of Peter Mandelson as ambassador to the US refuses to die down.
Keir Starmer Photographer: Carl Court/Getty Images
Fertilizer prices were dropping sharply Friday after Iran said the Strait of Hormuz was open, bringing relief to farmers even as they still face delays in deliveries.
Fertilizer prices were dropping sharply Friday after Iran said the Strait of Hormuz was open, bringing relief to farmers even as they still face delays in deliveries.
Alex Sanfeliu, head of world trading at Cargill Inc., is leaving the top agricultural commodities firm after three decades, according to people familiar with the matter.
Alex Sanfeliu, head of world trading at Cargill Inc., is leaving the top agricultural commodities firm after three decades, according to people familiar with the matter.
Wheat rebounded from a one-month low in Chicago as optimism over the ceasefire in the Middle East faded, with any re-escalation potentially threatening further supply chain disruptions and higher price for farm inputs.
Wheat rebounded from a one-month low in Chicago as optimism over the ceasefire in the Middle East faded, with any re-escalation potentially threatening further supply chain disruptions and higher price for farm inputs.
India is in talks with major producers and exporters of nitrogen-based and phosphatic fertilizers to secure direct procurement, according to a person familiar with the matter, as the Middle East conflict disrupts trade and constrains output.
India is in talks with major producers and exporters of nitrogen-based and phosphatic fertilizers to secure direct procurement, according to a person familiar with the matter, as the Middle East conflict disrupts trade and constrains output.
A farmer sprinkles fertiliser in a paddy field on the outskirts of Amritsar, India.
Crop prices pared earlier losses as the US unleashed its most intense day of attacks on Iran, even after President Donald Trump suggested the war in the Middle East will end soon.
Crop prices pared earlier losses as the US unleashed its most intense day of attacks on Iran, even after President Donald Trump suggested the war in the Middle East will end soon.
Palm and soybean oil prices surged and wheat hovered near the highest in almost two years as the war in the Middle East drove up energy and fertilizer costs and threatened to tighten supplies across agricultural markets.
Palm and soybean oil prices surged and wheat hovered near the highest in almost two years as the war in the Middle East drove up energy and fertilizer costs and threatened to tighten supplies across agricultural markets.
The conflict in Iran threatens to disrupt a major fertilizer production and shipping hub, raising the risk of higher crop costs and food inflation.
Machinery at Yara International ASA's 24-megawatt plant for renewable hydrogen production at the company's Heroya industrial facility in Porsgrunn, Norway, on Monday, June 10, 2024. Europe's largest fertilizer maker, Yara, opened a renewable hydrogen plant in Norway as it seeks to decarbonize a process that uses natural gas as a feedstock.
Soybean futures hit their highest point in 20 months on Thursday, ahead of the expected submission of biofuel blending quotas by the US Environmental Protection Agency.
Soybean futures hit their highest point in 20 months on Thursday, ahead of the expected submission of biofuel blending quotas by the US Environmental Protection Agency.
A grain truck full of soybeans during a harvest at a farm in Rochester, Minnesota, US, on Saturday, Oct. 11, 2025. Soybean futures plunged, extending earlier losses, after US President Donald Trump threatened additional tariffs on China’s goods and said there was “no reason” to meet with Chinese President Xi Jingping. Photographer: Ben Brewer/Bloomberg
Lukoil PJSC attempted a surprise push into grains trading from Dubai last year, before the plan was quickly scuppered by US sanctions on the Russian oil giant, according to people familiar with the matter.
Lukoil PJSC attempted a surprise push into grains trading from Dubai last year, before the plan was quickly scuppered by US sanctions on the Russian oil giant, according to people familiar with the matter.
Kernels of corn Photographer: Luke Sharrett/Bloomberg
Wheat futures rose for a second day in Chicago amid concern freezing weather in the US and Russia could damage crops, while traders kept an eye on geopolitical tensions.
Wheat futures rose for a second day in Chicago amid concern freezing weather in the US and Russia could damage crops, while traders kept an eye on geopolitical tensions.
India approved the export of some wheat-based goods, easing restrictions that have been in place for more than three years, on expectations for a strong harvest that will likely boost domestic supplies.
India approved the export of some wheat-based goods, easing restrictions that have been in place for more than three years, on expectations for a strong harvest that will likely boost domestic supplies.
Wheat harvesting in Ghaziabad, Uttar Pradesh, India.
Yara International ASA warned that it could abandon a planned low-emission ammonia project in the US if the European Union was to exclude fertilizers from its flagship carbon border levy.
Yara International ASA warned that it could abandon a planned low-emission ammonia project in the US if the European Union was to exclude fertilizers from its flagship carbon border levy.
Suspending the carbon levy on fertilizers would make it less appealing to invest in low-carbon output, as buyers in the region could import cheaper products. Photographer: Philippe Lopez/AFP/Getty Images
Wheat exports from Ukraine — one of the world’s major grain exporters — tumbled almost 25% in December as Russia stepped up attacks on the country’s port infrastructure that serves as its main export conduit.
Wheat exports from Ukraine — one of the world’s major grain exporters — tumbled almost 25% in December as Russia stepped up attacks on the country’s port infrastructure that serves as its main export conduit.
Russia has set a grain export quota of 20 million tons for the latter part of the season, a level that should allow the world’s top wheat shipper to maintain significant sales abroad.
Russia has set a grain export quota of 20 million tons for the latter part of the season, a level that should allow the world’s top wheat shipper to maintain significant sales abroad.
Key fertilizer stocks traded lower after a US decision to lift sanctions on one of the world’s major suppliers, though obstacles to flows are likely to persist.
Key fertilizer stocks traded lower after a US decision to lift sanctions on one of the world’s major suppliers, though obstacles to flows are likely to persist.
Workers inspect potash inside a storage facility at a potash mine in Saskatoon, Saskatchewan, Canada.
Fresh efforts to end the war in Ukraine are putting renewed scrutiny on what will happen to the flow of multiple raw materials that have been upended by the near-four-year conflict.
Fresh efforts to end the war in Ukraine are putting renewed scrutiny on what will happen to the flow of multiple raw materials that have been upended by the near-four-year conflict.
Gas transport pipes and processing infrastructure at a refinery in Poltava, Ukraine in 2017.
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