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Argentina June corn registrations hit 3mn t
Argentina June corn registrations hit 3mn t
St Louis, 22 May (Argus) — Argentinian corn exporters registered 1.64mn metric tonnes (t) during the week ended on 23 May, as shippers pushed bookings for June loading to 3mn t. After exporters booked record corn volumes for April and May, registrations for June loading had been slow to build. But the current week saw 1.39mn t of corn registered for loading by the end of the month, pushing total registrations within 49,000t of last year's level for June. The remaining 175,000t were registered for loading by the end of July. Wheat bookings rose threefold from last year's volume for the week to reach 178,000t. But barley export registrations were lower compared with last year's volume at only 26,100t. Soy export registrations were mixed for the week, with soybeans and oil more than doubling last year's volumes. But meal bookings fell by nearly half. Exporters registered 95,800t of soybeans for export, with 66,000t booked for June loading and the rest for July. Soybean oil registration reached 173,000t, most of which was booked for June loading. Soybean meal export registration fell to 287,000t, also primarily for June loading. Registrations were also mixed across sunflower products. Shippers booked 1,790t of sunflower seed for export, up 34pc from the prior year's volume for the week. Sunflower oil export registrations were double last year's level for the week at 56,700t, and sunflower meal export registrations fell by 13pc to 67,100t. By Ryan Koory Argentina corn export registrations through 23 May mn t Argentina corn registrations for the week of 23 May mn t Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Canola, barley lead Canadian exports higher
Canola, barley lead Canadian exports higher
St Louis, 22 May (Argus) — Canadian grains and oilseed exports ended two weeks of decline, with shippers moving 1.01mn metric tonnes (t) during the week ended on 17 May, as canola and barley exports remained above last year's volume, according to Canadian Grains Commission data. Canada exported 245,000t of canola during the week ended on 17 May, exceeding last year's volume for the week by 37pc. Barley exports reached 128,000t, a five-fold increase from last year's volume for the week. Both crops have seen sustained export demand in recent months. Through the most recent week, total canola export reached 6.94mn t for the 2025-26 marketing year ended on 31 July, down by 15pc from the volume sold through the same week last year. But Canada's canola trade began 2025-26 with Chinese demand blocked by tariffs , which limited exports to just 2.8mn t as of the first week of January, down by 41pc from the volume sold during the same period last year. But with the return of trade with China, canola exports have rapidly expanded, with 4.13mn t sold since the start of January, up 20pc from last year's volume for the period. Barley exports for the marketing year reached 3mn t as of 17 May, pushing 76pc above last year's volume through the week. Wheat exports slipped below last year's level, pulled lower by soft wheat which reached 451,000t, down by 28pc from last year's volume for the week. Durum wheat exports were able to remain above last year's volume at 176,000t. But total wheat exports only reached 626,000t, down by 15pc from last year's volume for the week. Oat exports were nearly even with last year's volume for the week at 11,900t. No exports of either corn or soybeans were reported for the week. See Canada grain and oilseed exports data for more detail. By Ryan Koory Canada's cumulative canola exports mn t Canada's cumulative barley exports mn t Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Indonesia to route key commodity exports via state firm
Indonesia to route key commodity exports via state firm
Singapore, 20 May (Argus) — Indonesian president Prabowo Subianto today announced that the government will require exports of key commodities to be routed through a state-appointed company, in a move that could tighten state control over flows as authorities grapple with fiscal pressures and a weakening currency. The policy will initially target palm oil, coal and ferrous alloys, Prabowo said in a parliament session on 20 May. The market awaits details of the policy, but under the broad plan, export sales would be channelled through a state-owned enterprise (BUMN), which would act as the sole counterparty to overseas buyers. Prabowo said a state-owned enterprise will act as a "marketing facility" which helps the state strengthen monitoring of export transactions and fight against under-reporting the value of exports in the country. The move is also to ensure that exporters do not "run away" from requirements to keep export proceeds in the country for at least one year, he said. Exporters of national resources, except for oil and gas, are required to place 100pc of the foreign currency proceeds into a special deposit account of a national bank for at least 12 months, according to a government regulation imposed in March 2025. Indonesia has lost about $908bn over 1991-2024 because of export under-invoicing, Prabowo said. "This will optimise our tax revenues and government proceeds from sales of key commodities and our natural resources," said Prabowo. "We don't want our exports to be the cheapest because we don't dare to control our own resources." The shift signals a move towards centralised trade management that could help the state capture more foreign exchange earnings and improve revenue collection. But it also risks disrupting established supply chains and complicating trade flows with international buyers. The benchmark Jakarta Composite Index, representing 913 companies spanning from sectors including commodities and energy, extended losses because of the announcement, dropping by as much as 2.4pc before trimming some intra-day losses. The index is down by 27pc from the start of the year. The phased roll-out of the scheme will begin in June and last through August, when exporters will have to gradually shift contracts, transactions and payment flows to BUMN or state-owned enterprises (SOEs), while still handling parts of the export process. The aim of the phased roll-out is to ensure that SOEs gradually take over the international sales of the commodities. The system is set to move to full implementation from September, with the SOEs assuming end-to-end control of transactions. This could include contract negotiation, documentation, shipping co-ordination and receipt of export proceeds, effectively positioning state firms as the primary interface between Indonesian producers and global markets. The Indonesian coal mining association (APBI) did not immediately respond to a request for comment. By Saurabh Chaturvedi and Nadhir Mokhtar Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Argentina inflation eases to 32.4pc in April
Argentina inflation eases to 32.4pc in April
Montevideo, 14 May (Argus) — Argentina's headline inflation rose at a 32.4pc annual rate in April, easing from the prior month but remaining well ahead of target. It was the second consecutive month that the annual consumer price index (CPI) has eased. It was 32.6pc in March, down from 33.1pc in February after rising from a cyclical low of 31.3pc in October 2025, according to the statistics institute, Indec. It peaked at just above 292pc in April 2024. Five categories helped push up annual inflation in April, with housing/utilities up by 47.8pc, education up by 41.3pc, transportation climbing by 39.9pc, hospitality up by 39pc and communications up by 38.3pc. Clothing and shoes lagged at 12.7pc, with alcoholic rinks and tobacco at 23.8pc inflation. CPI rose by 2.6pc for the month of April, down from 3.4pc in March and the first monthly decline since prices began inching up last June. Transportation was the main monthly mover in April, with prices up by 4.4pc, followed by education, up by 4.2pc, and communications, up by 4.1pc. Food and beverages rose by just 1.5pc. President Javier Milei's government included inflation at 10.1pc in its 2026 budget, but the International Monetary Fund (IMF) puts it at just above 30pc for the year. Argentina has the world's largest extended fund facility with the IMF. It owes $41.78bn of the $121.3bn the IMF has in outstanding credits. In addition to getting inflation down, the government is also grappling with low economic growth and falling tax revenues. The economy contracted slightly in February and inflation-adjusted tax revenue fell for a ninth consecutive month in April, according to the tax service. By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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