Crude Oil Set for Record Daily Surge as Iran War Enters Tenth Day

On Monday, the United States and Israel continued their attacks on Iran during the tenth day of the war, with Israeli strikes on oil facilities in Iran causing toxic smoke across Tehran. 

Meanwhile, Iranian forces sustained their retaliatory strikes on US military assets and other key infrastructure in Kuwait, Qatar, Saudi Arabia, and the UAE. The latest Iranian attacks on Bahrain have damaged a water desalination plant.

More than a week after the assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in US-Israeli strikes...

Farm Bureau: Treasury Dept. Releases Proposed 45Z Credit Rules

American Farm Bureau Federation President Zippy Duvall commented on the Treasury Department proposed guidance on the 45Z Clean Fuel Production tax credit.

“We appreciate the Treasury Department moving the needle by publishing proposed guidelines for the 45Z tax credit. It’s an important step to finalize improvements protecting access for domestic feedstocks, which the guidelines specify, and promote American biofuels demand.

“However, this is just the first step. The Departments of Agriculture and Energy must now finalize guidance and resources for calculating carbon intensity scores so that the...

Trump Admin Roundtable Discussion: Bridge Payments to Farmers, Soybean Purchases, Fair Trade, EUDR

On December 8, US President Trump held a roundtable meeting with members of the US farming community, Agriculture Secretary Rollins, Treasury Secretary Bessent, and others at the White House to announce monetary support to farmers impacted by the US trade policy. 

The administration announced plans to provide $12 billion in tariff income-fueled support for farmers, to address the high costs of farm equipment, and to examine anti-competitive behavior in the food supply chain...

Renewable Fuel Proposal Would Benefit Drivers and Farmers

American Farm Bureau Federation President Zippy Duvall commented today on an EPA proposal to reallocate renewable fuel production that will be lost to small refinery exemptions.

“Renewable fuels are an important tool in meeting America’s domestic energy needs. EPA’s proposal takes a positive step toward strengthening the Renewable Fuel Standard and reinforcing the role farmers play in growing crops for biofuels. By addressing small refinery exemptions through reallocation, the agency is pursuing policies that promote energy independence through American-grown fuels.

“Farm Bureau urges EPA to adopt a full...

US Implements Japanese Trade Deal; 15% Tariffs, Billions in Investments, Ag Purchases

Later on September 4, the US implemented a previously announced trade deal with Japan–setting a 15% baseline tariff on almost all Japanese goods imported to the US, according to a White House statement about a presidential order. This comes almost a week after tariffs were again disputed in the US judicial system.

The now-implemented deal also created sector-specific carve-outs and outlined commitments on both sides that will affect demand for US agricultural commodities and beyond (namely, for US rice).

Plus, the order carves...

Tariff Talks 2025: Expana's Weekly Rundown #14

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #14."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...