Following the collapse of U.S.-Iran peace talks in Islamabad on April 12 and the announcement of a U.S. naval blockade effective April 13, commercial traffic through the Strait of Hormuz…

On March 27, the EPA released the final “Set 2” rule establishing Renewable Volume Obligations under the RFS for 2026 and 2027. The purpose of this article is to project D4 RIN generation requirements for 2026–2027 using a detailed balance sheet approach applied to both the D4/D5 balance sheet and the D6 balance sheet. The D4/D5 balance sheet extends the RIN balance sheet framework introduced in our earlier farmdoc daily articles but is updated with actual 2025 data and the final RVOs.

When the April 8 ceasefire was announced, oil prices dropped below $100 per barrel as crude markets priced out part of the war risk premium (see Reuters). However, U.S. nitrogen…

This data presents a picture of farm policy since the major revisions enacted in the 2014 Farm Bill and before the troubling changes enacted last year in the Reconciliation Farm Bill. Such largesse for so few raises many difficult questions for farm policy, as do the persistent imbalances and disparities revealed by each slice of the data. Those questions are pieces of a bigger picture about political power and how it operates in policy.

The US Supreme Court gave Bayer AG a mixed reception on its bid to stop tens of thousands of lawsuits claiming its Roundup herbicide should have been labeled as a…