Middle East Oil & Agriculture Costs: Oil prices edged lower as tanker traffic through the reopened Strait of Hormuz picked up after the U.S. issued a 60-day sanctions waiver for Iranian oil, easing supply disruption fears that can ripple into diesel and fertilizer costs. US-Iran Peace Talks & Food Tie-Ins: Negotiations continued with competing claims over nuclear inspections and sanctions relief; Trump said any released funds would be used for U.S.-only food purchases, including corn, wheat and soybeans—while Iran disputed parts of the U.S. narrative. Food Safety Recall: USDA warned of a soy-allergy risk and recalled about 5,795 pounds of frozen Power Plate Meals meatloaf with garlic mashed potatoes due to undeclared soy. Dairy Processing Expansion: Michigan Milk Producers Association held a grand opening for its Remus plant and announced a partnership with Good Culture to produce cottage cheese, aiming to process over 500,000 pounds of milk daily. Farm Labor & Biosecurity: Wisconsin reported a serious silo corn-grinder accident involving an 18-year-old farmworker, while USDA confirmed additional New World screwworm cases in Texas, pushing the total higher. Ag Tech & Market Access: North Dakota’s NSF AgTech Engine highlighted autonomous and precision ag work, and One Stop Systems was set to join the Russell 2000, signaling continued investment momentum around tech tied to agriculture and defense.