El Niño and Iran War Team Up in a Food Squeeze

Workers load soybeans into a truck to be dispatched during a harvest at a farm in Orizona, Goias state, Brazil, on Friday, Feb. 21, 2025. Brazil's national supply company has cut the 2024-2025 seasonal soybean output estimate from 166.33m tons to 166.01m tons, lower than analyst expectations. Photographer: Dado Galdieri/Bloomberg