Pyotr Kozlov

(Bloomberg) -- Grain and oilseed futures slumped in Chicago, on optimism that the US and Iran are nearing a peace deal to end the Middle East war that has fueled supply concerns for nutrient-intensive crops.

Ukraine is targeting higher corn shipments next season as favorable weather is expected to boost harvests despite a fertilizer crunch caused by the conflict in Iran.

Heavy rains and colder-than-usual weather in Russia have resulted in the worst start to spring planting in many years, risking lower wheat harvests in the world’s top exporter of the grain.

An agreement on U.S. agricultural sales to China outlined by the White House is raising optimism for a demand pickup beyond soybeans, helping to drive prices higher across the board for crop futures.

An agreement on U.S. agricultural sales to China outlined by the White House is raising optimism for a demand pickup beyond soybeans, helping to drive prices higher across the board for crop futures.

Russia and China signed an agreement on the joint construction of a new railway link across their shared border, part of a broader push to expand transport ties and trade between the two countries.

Agricultural firm Cargill Inc. appointed Armando Giordano as its new head of world trading, according to people with knowledge of the matter.

The arid Persian Gulf is hardly the world’s breadbasket. Yet the conflict in the region is sending shockwaves through the global food industry — from growers to packaging firms and distributors — with major implications for food security and living standards.

The conflict in the Middle East is sending shockwaves through the global food industry — from growers to packaging firms and distributors — with major implications for food security and living standards.

Russian spring wheat planting continues to face delays as persistent rain hinders growers, risking lower harvests.