Agriculture
Unbiased, robust pricing and market intelligence
for the agricultural industry
Overview
Access reliable cash pricing, analysis, and S&D forecasts to support your business needs, whether you are a producer, trader, broker or end-user, focusing on wheat, corn or soybeans or looking at feedstock for biofuels.
Argus has been bringing transparency to international commodity markets for more than 50 years, and brings the same expertise to the conventional and organic agriculture markets, as well as the meat and livestock market.
Latest agriculture news
Browse the latest market moving news on the global agriculture industry.
US refiners warn EPA against late fuel waivers
US refiners warn EPA against late fuel waivers
New York, 26 February (Argus) — A group of US oil refiners that warned against a costly shift to a boutique fuel blend in the midcontinent want President Donald Trump's administration to let the states transition as planned this summer to avoid market turmoil. The Midwestern bloc was supposed to move last year to the lower-volatility summertime fuel, which would allow retailers to keep selling both typical 10pc ethanol gasoline (E10) and blends with up to 15pc ethanol (E15). But the Environmental Protection Agency (EPA) punted the shift just days before summer driving season, frustrating fuel makers and distributors that had already invested millions to move to the boutique blend. "Fuel suppliers should not be put in the same situation again this year", the American Fuel & Petrochemical Manufacturers (AFPM) told EPA on Wednesday, according to a letter shared with Argus . The risk of changing rules remains. While seven states are still set to transition, Ohio backed out last month. Midwestern governors that previously saw the fuel shift as a way to help out corn farmers and pressure oil refiners to lobby for simpler federal E15 rules are now staring down the possibility of higher pump prices in an election year. Any other states that want to cancel the fuel change should have to make a request to do so immediately, according to the refiner group, and at the very least before pipelines start requiring the special blend by 1 April. EPA justified emergency waivers last summer aborting the midcontinent fuel change and allowing E15 gasoline across the country by warning of "extreme and unusual fuel supply circumstances caused by global conflicts". But AFPM warned EPA that such a move this year would be on shakier legal footing, pointing to data showing ample gasoline stocks across the US. The refiners' advocacy comes as a council of Republicans in the US House of Representatives has missed multiple deadlines for reaching agreement on biofuel policy reforms. Earlier drafts circulated by the task force floated allowing year-round E15 sales nationwide and stopping the Midwestern states' transition. The Clean Air Act exempts E10 from summertime smog rules that would otherwise prevent its sale but does not extend the same treatment to E15, despite a similar volatility profile. The midcontinent states as a workaround won EPA approval to opt out of the special treatment for E10, effectively putting E10 and E15 on equal footing by requiring lower-volatility blendstocks for both. The consequence is more complicated logistics for refiners, which may have to cut production of butane, which raises volatility, or invest in infrastructure to store and transport excess supplies. The states approved to move to the lower-volatility gasoline this summer are Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Kansas has signaled it could join them in the future. By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Argentina's economy swings to growth in 2025
Argentina's economy swings to growth in 2025
Montevideo, 24 February (Argus) — Argentina's economic activity expanded by 4.4pc in 2025, based on preliminary government data. The annual growth was below the government forecast of 5pc and the IMF's more modest 4.5pc growth, but much stronger than the 1.7pc contraction the previous year. The economy also contracted in 2023. December was the strongest month for growth in the fourth quarter of the year, expanding by an annual 3.5pc in December from the prior month, when the economy contracted by a revised annual 0.1pc, according to the statistics institute, Indec. It was the second best monthly performance since June and reversed a two-month slide. The strongest monthly expansion in 2025 was 7.7pc registered in April. The strongest performance for December was in agriculture, up 32.2pc compared from a year earlier. Output in fisheries rose by 18.3pc, financial intermediation rose by an annual 14.1pc and mining climbed by 9.1pc in December from a year earlier. Weighing on growth, manufacturing fell by an annual 3.9pc, hospitality by 1.5pc and retail by 1.3pc. President Javier Milei's government forecasts 5pc growth for 2026, while the IMF projects 4pc growth. Argentina is the IMF's largest creditor nation, with $41.8bn in credits from the IMF out of the $119.5bn owed the institution. The government is betting on a boost from labor reform legislation, which cleared most congressional hurdles in February, but still requires one more vote by the Senate, and additional bills that will make it easier to approve extractive projects. While still grappling with high inflation, the government has a bit more breathing room as the Argentinian peso has appreciated in trading against the US dollar so far this year, following the same pattern of other big economies in the region. The Argentinian peso appreciated 5.2pc between the start of the year and 23 February, second only to Brazil's real in the region. This compares to a 28.9pc depreciation for the peso in 2025. Inflation was running at an annual 32.4pc in January, quickening from 31.5pc in December. The government forecasts inflation to end the year at 10.1pc for 2026 in its annual budget, while the IMF estimates it at 16.4pc and international banks even higher, with JPMorgan forecasting 26pc and BBVA 22pc inflation this year. -By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
New US 10pc tariff goes into effect
New US 10pc tariff goes into effect
Washington, 24 February (Argus) — A new 10pc tariff on US imports from all countries went into effect on Tuesday, replacing the emergency tariffs imposed last year that the Supreme Court struck down on 20 February. The new tariff will exempt energy, critical minerals, fertilizers and certain agricultural imports. It will also exempt imports eligible for duty-free treatment under the US-Mexico-Canada free trade agreement. The 10pc tariff will not be added on top of existing sectoral duties on steel, aluminum, copper, cars and auto parts. President Donald Trump on 20 February invoked Section 122 of the 1974 Trade Expansion Act to impose the 10pc tariff. A day later, Trump posted on his social media platform that he would raise the rate to 15pc, but the social media post does not have legal force. The US will assess the Section 122 duty at the 10pc level, the Customs and Border Protection (CBP) agency said late on Monday. The law cited by Trump allows him to maintain the 10pc tariff for a period of 150 days, unless the US Congress authorizes an extension. CBP also said it will stop collecting the invalidated emergency tariffs effective on Tuesday. The agency said it was ready to "implement current and any forthcoming executive actions as directed by the president" with regard to refunding an estimated $175bn in tariffs the US Supreme Court said were imposed unlawfully. Trump said he is expecting a years-long court fight over refunds. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia worse off under new US tariff plans: Minister
Australia worse off under new US tariff plans: Minister
Sydney, 23 February (Argus) — The US Trump administration's plan for a new 15pc global tariff will hamper Australia's recent uptick in trade to the country, Australia's federal trade minister Don Farrell said, while New Zealand's exporters may experience a net benefit. The US should work within the free trade agreement (FTA) it holds with Australia, Farrell said on 23 February, ahead of his visit to Los Angeles this week. His comments came after the US Supreme Court struck down tariffs imposed under the country's International Emergency Economic Powers Act (IEEPA) on 20 February, blocking US president Donald Trump's ability to extract concessions from trading partners and punish countries that reject his demands. The White House has responded by pledging to increase the US' global tariff from 10pc to 15pc , effectively increasing the cost of Australian goods in the US by 5pc. Trade with the US has increased since the "liberation day" tariffs were first imposed in April 2025, Farrell said, but this competitive advantage may be lost under the new policy. Tariffs that previously targeted specific countries, including the additional 40pc duty on some Brazilian products, have been reduced to 10pc since 20 February 2025. This puts Brazilian products, such as tallow, on the same tariff rate that Australia has long held, removing the advantage Australian suppliers previously held with US importers. The 15pc rate will not apply to Australia's beef exports, the Australian Meat Industry Council (AMIC) said. But sheep and goat meat exports face a 5pc tariff increase under the plan. The comparative advantage held by the nation's red meat exporters appears lost, the AMIC added. Beef volumes entering the US from Brazil and New Zealand appear to have declined in recent months, while shipments from Australia hit the highest monthly volume since January 2003 in November . The newly announced plan for further tariffs should provide impetus to Australia's long-stalled FTA negotiations with the EU, Farrell said. The FTA is held up on key agricultural market access issues, which has long hampered freer trade between the bloc and Australia. New Zealand better off New Zealand's exports to the US have faced a 15pc so-called reciprocal tariff since August 2025 , while competitors such as Australia, Argentina and the UK faced tariffs maintained at 10pc. New Zealand is now level on this measure apart from country-specific deals, business lobby ExportNZ said. The 15pc tariff imposed on many New Zealand exporters is unwarranted, New Zealand's trade minister Todd McClay said on 21 February, given the average tariff rate for to US goods entering New Zealand is 0.3pc. By Tom Major and Grace Dudley Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Webinars
Market outlook: What's next for agricultural biofuels feedstocks?
On-demand webinar - 20/10/25Grains market update & outlook and Black Sea Wheat Futures overview
On-demand webinar - 25/06/25Harnessing AI in Commodity Markets
On-demand webinar - 10/04/25Black Sea grain market update and outlook
Explore our agriculture services
Argus Agriculture Newsletter
Each issue delivers a great blend of news, insights, price assessments and prompts you to the latest podcasts, webinars, insight papers.
Sign up hereRelated events
No Results Found